Markforged Holding (Markforged Holding) Days Inventory : 202.89 (As of Dec. 2023)

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What is Markforged Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Markforged Holding's Average Total Inventories for the three months ended in Dec. 2023 was $27.75 Mil. Markforged Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $12.48 Mil. Hence, Markforged Holding's Days Inventory for the three months ended in Dec. 2023 was 202.89.

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

MKFG' s Days Inventory Range Over the Past 10 Years
Min: 79.94 Med: 107.07 Max: 208.16
Current: 208.16

During the past 4 years, Markforged Holding's highest Days Inventory was 208.16. The lowest was 79.94. And the median was 107.07.

MKFG's Days Inventory is ranked worse than
81.47% of 2407 companies
in the Hardware industry
Industry Median: 102.58 vs MKFG: 208.16

Markforged Holding's Days Inventory increased from Dec. 2022 (147.76) to Dec. 2023 (202.89). It might indicate that Markforged Holding'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. Markforged Holding's Inventory Turnover for the three months ended in Dec. 2023 was 0.45.

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. Markforged Holding's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.15.

Markforged Holding Days Inventory Historical Data

The historical data trend for Markforged Holding'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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Markforged Holding Days Inventory Chart

Markforged Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

79.94

80.53

133.60

196.59

Markforged Holding Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial									147.76	203.11	199.34	243.98	202.89

Competitive Comparison of Markforged Holding's Days Inventory

For the Computer Hardware subindustry, Markforged Holding'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.

Markforged Holding's Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where Markforged Holding's Days Inventory falls into.

Markforged Holding Days Inventory Calculation

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

Markforged Holding'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
=	( (26.409	+	26.773)	/	2 )	/	49.37	*	365
=	26.591					/	49.37	*	365
=	196.59

Markforged Holding'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
=	( (28.72	+	26.773)	/	2 )	/	12.479	*	365 / 4
=	27.7465					/	12.479	*	365 / 4
=	202.89

Markforged Holding (NYSE:MKFG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.479	/	27.7465
	=	0.45

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.7465	/	24.17
	=	1.15

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.

Markforged Holding Days Inventory Related Terms

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Markforged Holding (Markforged Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Markforged Holding Corp (NYSE:MKFG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

480 Pleasant Street, Watertown, MA, USA, 02472

Website

https://www.markforged.com

Markforged Holding Corp transforms manufacturing with 3D metal and continuous carbon fiber printers capable of producing parts tough enough for the factory floor. The Markforged Digital Forge brings the power and speed of agile software development to industrial manufacturing, combining hardware, software, and materials to eliminate the barriers between design and functional parts. The company's geographical segments include the Americas; Europe, the Middle East, Africa; and Asia-Pacific.

Executives

Aaron Vandevender	director	1 TOWER PLACE, SUITE 850, SOUTH SAN FRANCISCO CA 94080
Assaf Zipori	officer: Acting Chief Financial Officer	MARKFORGED HOLDING CORP, 60 TOWER ROAD, WALTHAM MA 02451
Shai Terem	director, officer: President and CEO	C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472
Mark Joseph Schwartz	officer: Chief Financial Officer	4104 24TH STREET #345, SAN FRANCISCO CA 94114
Gregory Mark	10 percent owner	C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472
David Benhaim	officer: Chief Technology Officer	C/O MARKFORGED, 480 PLEASANT STREET, WATERTWON MA 02472
Stephen Karp	officer: General Counsel	C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472
Carol Meyers	director	3 BATTERY WHARF, UNIT 3408, BOSTON MA 02109
Alan Masarek	director	C/O VONAGE HOLDINGS CORP., 23 MAIN STREET, HOLMDEL NJ 07733
Richard A Damore	10 percent owner	C/O NORTHBRIDGE VENTURE PARTNERS, 950 WINTER ST STE 4600, WALTHAM MA 02451
North Bridge Venture Partners 7, L.p.	10 percent owner	60 WILLIAM STREET, SUITE 350, WELLESLEY MA 02481
North Bridge Venture Management 7, L.p.	10 percent owner	60 WILLIAM STREET, SUITE 350, WELLESLEY MA 02481
Michael Medici	director	C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472
Matrix Ix Management Co. Llc	10 percent owner	101 MAIN STREET, 17TH FLOOR, CAMBRIDGE MA 02142
Antonio L. Rodriguez	director	MATRIX PARTNERS, 101 MAIN STREET, 17TH FLOOR, CAMBRIDGE MA 02142