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Days Inventory is also known as Days Sales of Inventory (DSI). Verra Mobility's Average Total Inventories for the three months ended in Sep. 2024 was $17.9 Mil. Verra Mobility's Cost of Goods Sold for the three months ended in Sep. 2024 was $11.0 Mil. Hence, Verra Mobility's Days Inventory for the three months ended in Sep. 2024 was 148.80.
The historical rank and industry rank for Verra Mobility's Days Inventory or its related term are showing as below:
During the past 8 years, Verra Mobility's highest Days Inventory was 156.51. The lowest was 1.23. And the median was 92.32.
Verra Mobility's Days Inventory declined from Sep. 2023 (150.90) to Sep. 2024 (148.80).
Inventory Turnover measures how fast the company turns over its inventory within a year. Verra Mobility's Inventory Turnover for the three months ended in Sep. 2024 was 0.61.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Verra Mobility's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.08.
The historical data trend for Verra Mobility's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Verra Mobility Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Days Inventory | Get a 7-Day Free Trial | - | 1.23 | 63.38 | 121.25 | 156.51 |
Verra Mobility Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Days Inventory | Get a 7-Day Free Trial | 150.90 | 149.93 | 167.75 | 125.90 | 148.80 |
For the Infrastructure Operations subindustry, Verra Mobility's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Construction industry and Industrials sector, Verra Mobility's Days Inventory distribution charts can be found below:
* The bar in red indicates where Verra Mobility's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Verra Mobility's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
Days Inventory (A: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (19.307 | + | 17.966) | / | 2 ) | / | 43.463 | * | 365 |
= | 18.6365 | / | 43.463 | * | 365 | ||||
= | 156.51 |
Verra Mobility's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:
Days Inventory (Q: Sep. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Jun. 2024 ) | + | Total Inventories (Q: Sep. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | ( (17.165 | + | 18.708) | / | 2 ) | / | 10.999 | * | 365 / 4 |
= | 17.9365 | / | 10.999 | * | 365 / 4 | ||||
= | 148.80 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Verra Mobility (NAS:VRRM) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Verra Mobility's Inventory Turnover for the three months ended in Sep. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 10.999 | / | 17.9365 | |
= | 0.61 |
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Verra Mobility's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 17.9365 | / | 225.551 | |
= | 0.08 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Thank you for viewing the detailed overview of Verra Mobility's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
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