GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arista Networks Inc (NYSE:ANET) » Definitions » Days Inventory

Arista Networks (Arista Networks) Days Inventory : 323.61 (As of Dec. 2023)


View and export this data going back to 2014. Start your Free Trial

What is Arista Networks Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arista Networks's Average Total Inventories for the three months ended in Dec. 2023 was $1,919 Mil. Arista Networks's Cost of Goods Sold for the three months ended in Dec. 2023 was $541 Mil. Hence, Arista Networks's Days Inventory for the three months ended in Dec. 2023 was 323.61.

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

ANET' s Days Inventory Range Over the Past 10 Years
Min: 105.6   Med: 152.86   Max: 284.01
Current: 284.01

During the past 13 years, Arista Networks's highest Days Inventory was 284.01. The lowest was 105.60. And the median was 152.86.

ANET's Days Inventory is ranked worse than
90.31% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs ANET: 284.01

Arista Networks's Days Inventory increased from Dec. 2022 (215.12) to Dec. 2023 (323.61). It might indicate that Arista Networks'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. Arista Networks's Inventory Turnover for the three months ended in Dec. 2023 was 0.28.

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. Arista Networks's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.25.


Arista Networks Days Inventory Historical Data

The historical data trend for Arista Networks'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.

Arista Networks Days Inventory Chart

Arista Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 107.09 158.01 193.19 207.56 264.75

Arista Networks Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 215.12 248.00 281.55 302.37 323.61

Competitive Comparison of Arista Networks's Days Inventory

For the Computer Hardware subindustry, Arista Networks'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.


Arista Networks's Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where Arista Networks's Days Inventory falls into.



Arista Networks Days Inventory Calculation

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

Arista Networks'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
=( (1289.706 + 1945.18) / 2 ) / 2229.887*365
=1617.443 / 2229.887*365
=264.75

Arista Networks'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1893.538 + 1945.18) / 2 ) / 541.211*365 / 4
=1919.359 / 541.211*365 / 4
=323.61

* 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.


Arista Networks  (NYSE:ANET) 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.

Arista Networks's Inventory Turnover for the three months ended in Dec. 2023 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.

Arista Networks's Inventory to Revenue for the three months 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.


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.


Arista Networks Days Inventory Related Terms

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


Arista Networks (Arista Networks) Business Description

Address
5453 Great America Parkway, Santa Clara, CA, USA, 95054
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.
Executives
Yvonne Wassenaar director C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Jayshree Ullal director, officer: President and CEO C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Kenneth Duda officer: SVP and CTO C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
John F Mccool officer: Chief Platform Officer, C/O ARISTA NETWORKS, 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Charles H Giancarlo director 170 WEST TASMAN DRIVE, SAN JOSE X1 95134
Marc Taxay officer: SVP and General Counsel 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Ita M Brennan officer: SVP & Chief Financial Officer 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Kelly Bodnar Battles director 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Anshul Sadana officer: SVP, Customer Engineering C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Andreas Bechtolsheim director, 10 percent owner, officer: Chief Development Officer C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Ann Mather director
Lewis Chew director DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Daniel Scheinman director C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Nikos Theodosopoulos director C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Manuel Felix Rivelo officer: SVP, Chief Customer Officer 2312 MAGNOLIA BLVD. WEST, SEATTLE WA 98199