Days Inventory is also known as Days Sales of Inventory (DSI). VerifyMe's Average Total Inventories for the
three
months ended in Mar. 2024 was $0.04 Mil. VerifyMe's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $3.50 Mil.
Hence, VerifyMe's Days Inventory for the
three
months ended in Mar. 2024 was 0.91.
The historical rank and industry rank for VerifyMe's Days Inventory or its related term are showing as below:
VRME'
s Days Inventory Range Over the Past 10 Years
Min: 0.98 Med: 247.26 Max: 528.62
Current: 0.98
During the past 13 years, VerifyMe's highest Days Inventory was 528.62. The lowest was 0.98. And the median was 247.26.
VRME's Days Inventory is ranked better than 90.01% of 681
companies
in the Business Services industry
Industry Median: 30.28
vs VRME: 0.98
VerifyMe's Days Inventory
declined
from Mar. 2023 (1.49) to Mar. 2024 (0.91).
Inventory Turnover measures how fast the company turns over its inventory within a year.
VerifyMe's Inventory Turnover for the
three
months ended in Mar. 2024 was 99.97.
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.
VerifyMe's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.01.
VerifyMe Days Inventory Historical Data
The historical data trend for VerifyMe'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.
Competitive Comparison of VerifyMe's Days Inventory
For the Security & Protection Services subindustry, VerifyMe'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.
VerifyMe's Days Inventory Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, VerifyMe's Days Inventory distribution charts can be found below:
* The bar in red indicates where VerifyMe's Days Inventory falls into.
VerifyMe Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
VerifyMe's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
VerifyMe (NAS:VRME) 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.
VerifyMe's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
VerifyMe's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
VerifyMe Days Inventory Related Terms
Thank you for viewing the detailed overview of VerifyMe's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
VerifyMe Inc is a technology solutions company based in the United States. It markets a broad patent portfolio that includes patents in the field of authenticating products, people, and financial transactions. In the areas of authentication and serialization of physical goods, the company offers clients the following products as anti-counterfeit systems: RainbowSecure, VeriPAS supply chain serialization, track, and trace technology; VeriPAS Smartphone Authenticator; VerifyMe Beeper; VerifyMe Web. The company serves a diverse set of markets including pharmaceutical companies, high-end retailers, the gaming industry, and governments worldwide.
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