FTC Solar (FRA:6YK) Days Inventory : 24.02 (As of Mar. 2024)

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What is FTC Solar Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FTC Solar's Average Total Inventories for the three months ended in Mar. 2024 was €3.56 Mil. FTC Solar's Cost of Goods Sold for the three months ended in Mar. 2024 was €13.52 Mil. Hence, FTC Solar's Days Inventory for the three months ended in Mar. 2024 was 24.02.

The historical rank and industry rank for FTC Solar's Days Inventory or its related term are showing as below:

FRA:6YK' s Days Inventory Range Over the Past 10 Years
Min: 6.15 Med: 28.91 Max: 29.86
Current: 20.9

During the past 5 years, FTC Solar's highest Days Inventory was 29.86. The lowest was 6.15. And the median was 28.91.

FRA:6YK's Days Inventory is ranked better than
94.38% of 943 companies
in the Semiconductors industry
Industry Median: 130.22 vs FRA:6YK: 20.90

FTC Solar's Days Inventory declined from Mar. 2023 (27.85) to Mar. 2024 (24.02).

Inventory Turnover measures how fast the company turns over its inventory within a year. FTC Solar's Inventory Turnover for the three months ended in Mar. 2024 was 3.80.

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. FTC Solar's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.31.

FTC Solar Days Inventory Historical Data

The historical data trend for FTC Solar'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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FTC Solar Days Inventory Chart

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

29.86

6.58

6.28

28.24

29.67

FTC Solar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial													27.85	22.33	17.82	17.56	24.02

Competitive Comparison of FTC Solar's Days Inventory

For the Solar subindustry, FTC Solar'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.

FTC Solar's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's Days Inventory distribution charts can be found below:

* The bar in red indicates where FTC Solar's Days Inventory falls into.

FTC Solar Days Inventory Calculation

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

FTC Solar'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
=	( (14.112	+	3.581)	/	2 )	/	108.843	*	365
=	8.8465					/	108.843	*	365
=	29.67

FTC Solar's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.581	+	3.536)	/	2 )	/	13.519	*	365 / 4
=	3.5585					/	13.519	*	365 / 4
=	24.02

FTC Solar (FRA:6YK) 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.

FTC Solar's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.519	/	3.5585
	=	3.80

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.

FTC Solar's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.5585	/	11.58
	=	0.31

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.

FTC Solar Days Inventory Related Terms

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

FTC Solar (FRA:6YK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (FRA:6YK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FTCI:USA

Address

9020 N Capital of Texas Highway, Building 1, Suite 260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.

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