Iveda Solutions (Iveda Solutions) Days Inventory : 225.36 (As of Mar. 2024)

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What is Iveda Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Iveda Solutions's Average Total Inventories for the three months ended in Mar. 2024 was $0.41 Mil. Iveda Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.17 Mil. Hence, Iveda Solutions's Days Inventory for the three months ended in Mar. 2024 was 225.36.

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

IVDA' s Days Inventory Range Over the Past 10 Years
Min: 3.1 Med: 36.75 Max: 95.28
Current: 37.6

During the past 12 years, Iveda Solutions's highest Days Inventory was 95.28. The lowest was 3.10. And the median was 36.75.

IVDA's Days Inventory is ranked worse than
54.69% of 682 companies
in the Business Services industry
Industry Median: 30.305 vs IVDA: 37.60

Iveda Solutions's Days Inventory increased from Mar. 2023 (24.27) to Mar. 2024 (225.36). It might indicate that Iveda Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Iveda Solutions's Inventory Turnover for the three months ended in Mar. 2024 was 0.40.

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. Iveda Solutions's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.17.

Iveda Solutions Days Inventory Historical Data

The historical data trend for Iveda Solutions'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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Iveda Solutions Days Inventory Chart

Iveda Solutions Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec20

Dec21

Dec22

Dec23

Days Inventory

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43.14

73.48

95.28

45.36

28.61

Iveda Solutions Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															24.27	14.98	49.49	42.73	225.36

Competitive Comparison of Iveda Solutions's Days Inventory

For the Security & Protection Services subindustry, Iveda Solutions'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.

Iveda Solutions's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Iveda Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Iveda Solutions's Days Inventory falls into.

Iveda Solutions Days Inventory Calculation

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

Iveda Solutions'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
=	( (0.526	+	0.325)	/	2 )	/	5.428	*	365
=	0.4255					/	5.428	*	365
=	28.61

Iveda Solutions'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
=	( (0.325	+	0.49)	/	2 )	/	0.165	*	365 / 4
=	0.4075					/	0.165	*	365 / 4
=	225.36

Iveda Solutions (NAS:IVDA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.165	/	0.4075
	=	0.40

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4075	/	0.347
	=	1.17

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.

Iveda Solutions Days Inventory Related Terms

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

Iveda Solutions (Iveda Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Iveda Solutions Inc (NAS:IVDA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1744 S Val Vista, Suite 213, Mesa, AZ, USA, 85204

Website

https://www.iveda.com

Iveda Solutions Inc is engaged in offering real-time IP video surveillance technologies. The company provides IoT sensors and devices for various applications such as energy management, smart home, smart building, smart community, and patients and eldercare. Its IvedaAI provides AI functions to IP cameras and network video recorders and video management systems. The group has a business presence in the U.S. and the Republic of China (Taiwan), from which key revenue is derived from the Republic of China (Taiwan).

Executives

Joe Farnsworth	director	460 SOUTH GREENFIELD ROAD, MESA AZ 85206
Chi-kuang Sid Sung	officer: President	7098 PHYLLIS AVENUE, SAN JOSE CA 95129
Squirrel-away Llc	director	7500 E PINNACLE PEAK ROAD, SUITE A-106, SCOTTSDALE AZ 85255
Robert J Brilon	officer: CFO/Exec. V.P.	1201 S. ALMA SCHOOL ROAD, SUITE 8500, MESA AZ 85210
Brian Lee Duling	officer: CFO/Treasurer	1201 S. ALMA ROAD, SUITE 8500, MESA AZ 85210
Luz Berg	officer: Chief Operating Officer & CMO	1201 SOUTH ALMA SCHOOL ROAD, SUITE 8500, MESA AZ 85210
Robert Gillen	director	1201 S. ALMA SCHOOL RD., SUITE 8500, MESA AZ 85210
Alejandro Franco	director	1201 S. ALMA SCHOOL ROAD, SUITE 8500, MESA AZ 85210
Richard Casper Gibson	officer: SVP of Global Sales & Support	1201 S. ALMA SCHOOL RD., SUITE 8500, MESA AZ 85210
Lynne Phillis	officer: Controller	1201 S ALMA SCHOOL RD, SUITE 4450, MESA AZ 85210
David Ly	director, 10 percent owner, officer: President and CEO	1201 SOUTH ALMA SCHOOL ROAD, SUITE 8500, MESA AZ 85210
Alex Kuo	officer: See remarks	210-2101 W 38TH AVENUE, VANCOUVER A1 V6M 1R9
William M Walsh	10 percent owner	117 NORTH 2ND AVENUE, STERLING CO 80751
Steven G Wollach	officer: Chief Financial Officer	C/O INTERACTIVE OBJECTS INC, 214 PINE STREET SUITE 800, SEATTLE WA 98101
James D Staudohar	director	1201 S. ALMA SCHOOL ROAD, SUITE 8500, MESA AZ 85210