BIO-key International (BIO-key International) Days Inventory : 831.31 (As of Sep. 2023)

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What is BIO-key International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BIO-key International's Average Total Inventories for the three months ended in Sep. 2023 was $4.34 Mil. BIO-key International's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.48 Mil. Hence, BIO-key International's Days Inventory for the three months ended in Sep. 2023 was 831.31.

The historical rank and industry rank for BIO-key International's Days Inventory or its related term are showing as below:

BKYI' s Days Inventory Range Over the Past 10 Years
Min: 5.12 Med: 95.56 Max: 701.49
Current: 567.11

During the past 13 years, BIO-key International's highest Days Inventory was 701.49. The lowest was 5.12. And the median was 95.56.

BKYI's Days Inventory is ranked worse than
96.48% of 682 companies
in the Business Services industry
Industry Median: 30.305 vs BKYI: 567.11

BIO-key International's Days Inventory declined from Sep. 2022 (1,132.75) to Sep. 2023 (831.31).

Inventory Turnover measures how fast the company turns over its inventory within a year. BIO-key International's Inventory Turnover for the three months ended in Sep. 2023 was 0.11.

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. BIO-key International's Inventory-to-Revenue for the three months ended in Sep. 2023 was 2.39.

BIO-key International Days Inventory Historical Data

The historical data trend for BIO-key International'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.

* Premium members only.

BIO-key International Days Inventory Chart

BIO-key International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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85.27

105.85

174.47

575.44

701.49

BIO-key International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															1,132.75	432.46	492.48	663.44	831.31

Competitive Comparison of BIO-key International's Days Inventory

For the Security & Protection Services subindustry, BIO-key International'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.

BIO-key International's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, BIO-key International's Days Inventory distribution charts can be found below:

* The bar in red indicates where BIO-key International's Days Inventory falls into.

BIO-key International Days Inventory Calculation

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

BIO-key International's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.941	+	4.434)	/	2 )	/	2.439	*	365
=	4.6875					/	2.439	*	365
=	701.49

BIO-key International's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.384	+	4.289)	/	2 )	/	0.476	*	365 / 4
=	4.3365					/	0.476	*	365 / 4
=	831.31

BIO-key International (NAS:BKYI) 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.

BIO-key International's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.476	/	4.3365
	=	0.11

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.

BIO-key International's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.3365	/	1.817
	=	2.39

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.

BIO-key International Days Inventory Related Terms

Thank you for viewing the detailed overview of BIO-key International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

BIO-key International (BIO-key International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BIO-key International Inc (NAS:BKYI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3349 Highway 138, Building A, Suite E, Wall, NJ, USA, 07719

Website

https://www.bio-key.com

BIO-key International Inc is a fingerprint biometric technology company. It develops and markets advanced fingerprint biometric identification and identity verification technologies, as well as related identity management and credentialing hardware and software solutions. Its product portfolio comprises SideSwipe, SidePass, EcoID, WEB-key, and others. The company generates its revenue in the form of Services, License fees, and others.

Executives

Michael W Depasquale	director, officer: Co-Chief Executive Officer	1285 CORPORATE CENTER DR, STE 175, EAGAN MN 55121
James David Sullivan	officer: See Remarks	411 WALNUT ST., PMB #15855, GREEN COVE SPRINGS FL 32043
Cameron E. Williams	director	400 N. CASCADES CIRCLE, CANTON GA 30114
Fong Wong Kwok	director	FLAT C, 27/F., BLOCK 5, GRAND PACIFIC VIEWS, SIU LAM K3 00000
Emmanuel Alia	director	15 C SIGNAL HILL ROAD, MADISON CT 06443
Robert J Michel	director	C/O ASTA FUNDING, INC., 210 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Micron Technology Development Ltd	10 percent owner	5/F., SPA CENTRE, 53-55 LOCKHART ROAD, WANCHAI K3 999077
Yick Fabian Shin	director	FLAT B, 23/F, TOWER 2B, 19 TONG YON ST.,, THE WINGS IIIA, TSEUNG KWAN O., NEW TERRITORIES K3 00000
Knook Pieter Cornelis	director	3349 HIGHWAY 138, BUILDING A, SUITE E, WALL NJ 07719
Jianhui Yao	director	SUITES 2601-2, 26/F TOWER 2, NINA TOWER, 8 YEUNG UK RD, TSUEN WAN K3 TWTL 353
Barbara Rivera	director	C/O BIO-KEY INTERNATIONAL, INC., 3349 HIGHWAY 138, BUILDING A, SUITE E, WALL NJ 07719
Thomas Gilley	director	C/O BIO-KEY INTERNATIONAL, INC., 3349 HIGHWAY 138, BUILDING A, SUITE E, WALL NJ 07719
Iii Thomas Bush,	director	C/O BIO-KEY INTERNATIONAL, INC., 3349 HIGHWAY 138, BUILDING A, SUITE E, WALL NJ 07719
Cecilia C Welch	officer: Chief Financial Officer	PO BOX 588, DUNSTABLE MA 01827
John Schoenherr	director	C/O ORACLE CORPORATION, 10 VAN DE GRAAFF DRIVE, BURLINGTON MA 01803