Smart Radar System (XKRX:424960) Days Inventory : 244.66 (As of Dec. 2023)

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What is Smart Radar System Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Smart Radar System's Average Total Inventories for the three months ended in Dec. 2023 was ₩3,259 Mil. Smart Radar System's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩1,216 Mil. Hence, Smart Radar System's Days Inventory for the three months ended in Dec. 2023 was 244.66.

The historical rank and industry rank for Smart Radar System's Days Inventory or its related term are showing as below:

XKRX:424960' s Days Inventory Range Over the Past 10 Years
Min: 114.06 Med: 212.06 Max: 455.32
Current: 455.32

During the past 4 years, Smart Radar System's highest Days Inventory was 455.32. The lowest was 114.06. And the median was 212.06.

XKRX:424960's Days Inventory is ranked worse than
96.22% of 2410 companies
in the Hardware industry
Industry Median: 102.035 vs XKRX:424960: 455.32

Smart Radar System's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (244.66). It might indicate that Smart Radar System's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smart Radar System's Inventory Turnover for the three months ended in Dec. 2023 was 0.37.

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. Smart Radar System's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.40.

Smart Radar System Days Inventory Historical Data

The historical data trend for Smart Radar System'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.

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Smart Radar System Days Inventory Chart

Smart Radar System Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

114.06

186.18

237.94

377.38

Smart Radar System Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	172.93	443.82	448.75	244.66

Competitive Comparison of Smart Radar System's Days Inventory

For the Scientific & Technical Instruments subindustry, Smart Radar System'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.

Smart Radar System's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Smart Radar System's Days Inventory distribution charts can be found below:

* The bar in red indicates where Smart Radar System's Days Inventory falls into.

Smart Radar System Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Smart Radar System'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
=	( (2593.62	+	3245.932)	/	2 )	/	2824.018	*	365
=	2919.776					/	2824.018	*	365
=	377.38

Smart Radar System's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3272.841	+	3245.932)	/	2 )	/	1215.656	*	365 / 4
=	3259.3865					/	1215.656	*	365 / 4
=	244.66

Smart Radar System (XKRX:424960) 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.

Smart Radar System's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1215.656	/	3259.3865
	=	0.37

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.

Smart Radar System's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3259.3865	/	1360.76
	=	2.40

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.

Smart Radar System Days Inventory Related Terms

Thank you for viewing the detailed overview of Smart Radar System's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Smart Radar System (XKRX:424960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smart Radar System Inc (XKRX:424960) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

925beon-gil, 3F Fine Digital, 41, Seongnam-daero, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13496

Website

https://www.smartradarsystem.com

Smart Radar System Inc is a company developing radar solutions for autonomous cars and industrial applications. They provide RF antenna design, hardware module fabrication, radar signal processing algorithms and software APIs. It offers products such as RETINA-4FN, RETINA-4SN and IRISc-03A which are 4D Imaging Radars, Single chip Radars.

Smart Radar System (XKRX:424960) Headlines

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