Corsair Gaming (Corsair Gaming) Days Inventory : 68.99 (As of Dec. 2023)

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What is Corsair Gaming Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Corsair Gaming's Average Total Inventories for the three months ended in Dec. 2023 was $238 Mil. Corsair Gaming's Cost of Goods Sold for the three months ended in Dec. 2023 was $315 Mil. Hence, Corsair Gaming's Days Inventory for the three months ended in Dec. 2023 was 68.99.

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

CRSR' s Days Inventory Range Over the Past 10 Years
Min: 55.63 Med: 70.34 Max: 83.09
Current: 71

During the past 6 years, Corsair Gaming's highest Days Inventory was 83.09. The lowest was 55.63. And the median was 70.34.

CRSR's Days Inventory is ranked better than
69.69% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs CRSR: 71.00

Corsair Gaming's Days Inventory increased from Dec. 2022 (67.13) to Dec. 2023 (68.99). It might indicate that Corsair Gaming's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Corsair Gaming's Inventory Turnover for the three months ended in Dec. 2023 was 1.32.

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. Corsair Gaming's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.57.

Corsair Gaming Days Inventory Historical Data

The historical data trend for Corsair Gaming'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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Corsair Gaming Days Inventory Chart

Corsair Gaming Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.74

55.63

68.83

83.09

71.85

Corsair Gaming Quarterly Data
	Dec18	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															67.13	64.76	75.42	74.66	68.99

Competitive Comparison of Corsair Gaming's Days Inventory

For the Computer Hardware subindustry, Corsair Gaming'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.

Corsair Gaming's Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where Corsair Gaming's Days Inventory falls into.

Corsair Gaming Days Inventory Calculation

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

Corsair Gaming'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
=	( (192.717	+	240.172)	/	2 )	/	1099.612	*	365
=	216.4445					/	1099.612	*	365
=	71.85

Corsair Gaming'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
=	( (235.556	+	240.172)	/	2 )	/	314.612	*	365 / 4
=	237.864					/	314.612	*	365 / 4
=	68.99

Corsair Gaming (NAS:CRSR) 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.

Corsair Gaming's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	314.612	/	237.864
	=	1.32

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.

Corsair Gaming's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	237.864	/	417.286
	=	0.57

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.

Corsair Gaming Days Inventory Related Terms

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

Corsair Gaming (Corsair Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Corsair Gaming Inc (NAS:CRSR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CRSR:Mexico 6C2:Germany 6C2:Germany

Address

115 N. McCarthy Boulevard, Milpitas, CA, USA, 95035

Website

https://www.corsair.com

Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mousepads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals, which is the key revenue-generating segment; and Gaming Components and systems. Geographically, the group derives revenue from the Americas, Europe and the Middle East, and the Asia Pacific.

Executives

Thi L La	officer: Chief Operating Officer	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Michael G Potter	officer: Chief Financial Officer	5555 NE MOORE CT., HILLSBORO OR 97124
Majoros George L. Jr.	director, 10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Anup Bagaria	director, 10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Corsair Group (cayman), Lp	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Samuel R. Szteinbaum	director	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Sarah Mears Kim	director	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PKWY, FREMONT CA 94538
Bertrand Chevalier	officer: Chief Sales Officer	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Andrew J. Paul	director, officer: See Remarks	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Randall J Weisenburger	director	C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019
Eagletree-carbide (gp), Llc	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Gregg A Lakritz	officer: Controller	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Stuart A Martin	director	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Diana L. Bell	director	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Eagletree Partners Iv Ultimate Gp, Llc	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036