Wearable Devices (Wearable Devices) Days Inventory : 1,614.66 (As of Dec. 2023)

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What is Wearable Devices Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wearable Devices's Average Total Inventories for the six months ended in Dec. 2023 was $0.52 Mil. Wearable Devices's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.06 Mil. Hence, Wearable Devices's Days Inventory for the six months ended in Dec. 2023 was 1,614.66.

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

WLDS' s Days Inventory Range Over the Past 10 Years
Min: 139.05 Med: 565.75 Max: 3055.4
Current: 2060.48

During the past 5 years, Wearable Devices's highest Days Inventory was 3055.40. The lowest was 139.05. And the median was 565.75.

WLDS's Days Inventory is ranked worse than
99.34% of 2409 companies
in the Hardware industry
Industry Median: 101.78 vs WLDS: 2060.48

Wearable Devices's Days Inventory increased from Dec. 2022 (255.50) to Dec. 2023 (1,614.66). It might indicate that Wearable Devices'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. Wearable Devices's Inventory Turnover for the six months ended in Dec. 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. Wearable Devices's Inventory-to-Revenue for the six months ended in Dec. 2023 was 7.46.

Wearable Devices Days Inventory Historical Data

The historical data trend for Wearable Devices'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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Wearable Devices Days Inventory Chart

Wearable Devices Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

139.05

567.78

565.75

310.25

3,055.40

Wearable Devices Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial				790.83	346.75	255.50	547.50	1,614.66

Competitive Comparison of Wearable Devices's Days Inventory

For the Consumer Electronics subindustry, Wearable Devices'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.

Wearable Devices's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wearable Devices's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wearable Devices's Days Inventory falls into.

Wearable Devices Days Inventory Calculation

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

Wearable Devices'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
=	( (0.006	+	1.032)	/	2 )	/	0.062	*	365
=	0.519					/	0.062	*	365
=	3,055.40

Wearable Devices'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.012	+	1.032)	/	2 )	/	0.059	*	365 / 2
=	0.522					/	0.059	*	365 / 2
=	1,614.66

Wearable Devices (NAS:WLDS) 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.

Wearable Devices's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.059	/	0.522
	=	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.

Wearable Devices's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.522	/	0.07
	=	7.46

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.

Wearable Devices Days Inventory Related Terms

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

Wearable Devices (Wearable Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wearable Devices Ltd (NAS:WLDS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yokne'am, Ha-Ta'asiya Street 2, Illit, ISR, 20692

Website

http://www.wearabledevices.co.il

Wearable Devices Ltd develops a non-invasive Neural input interface for controlling digital devices using subtle finger movements. Its products include Mudra Inspire and Mudra Band.