The historical rank and industry rank for Lumentum Holdings's Days Inventory or its related term are showing as below:
LITE'
s Days Inventory Range Over the Past 10 Years
Min: 57.13 Med: 68.54 Max: 138.86
Current: 138.86
During the past 12 years, Lumentum Holdings's highest Days Inventory was 138.86. The lowest was 57.13. And the median was 68.54.
LITE's Days Inventory is ranked worse than 64.44% of 2407
companies
in the Hardware industry
Industry Median: 103.77
vs LITE: 138.86
Lumentum Holdings's Days Inventory
increased
from Dec. 2022 (98.43) to Dec. 2023 (135.56).
It might indicate that Lumentum Holdings'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.
Lumentum Holdings's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.67.
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.
Lumentum Holdings's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.23.
Lumentum Holdings Days Inventory Historical Data
The historical data trend for Lumentum Holdings'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 Lumentum Holdings's Days Inventory
For the Communication Equipment subindustry, Lumentum Holdings'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.
Lumentum Holdings's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Lumentum Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Lumentum Holdings's Days Inventory falls into.
Lumentum Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Lumentum Holdings's Days Inventory for the fiscal year that ended in Jun. 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.
Lumentum Holdings (NAS:LITE) 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.
Lumentum Holdings'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.
Lumentum Holdings'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.
Lumentum Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of Lumentum Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Lumentum Holdings (Lumentum Holdings) Business Description
Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.
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