Days Inventory is also known as Days Sales of Inventory (DSI). Palladyne AI's Average Total Inventories for the
three
months ended in Dec. 2023 was $1.09 Mil. Palladyne AI's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1.09 Mil.
Hence, Palladyne AI's Days Inventory for the
three
months ended in Dec. 2023 was 90.96.
The historical rank and industry rank for Palladyne AI's Days Inventory or its related term are showing as below:
PDYN'
s Days Inventory Range Over the Past 10 Years
Min: 46.06 Med: 76.31 Max: 224.69
Current: 224.69
During the past 4 years, Palladyne AI's highest Days Inventory was 224.69. The lowest was 46.06. And the median was 76.31.
PDYN's Days Inventory is ranked worse than 92.58% of 1564
companies
in the Software industry
Industry Median: 19.625
vs PDYN: 224.69
Palladyne AI's Days Inventory
increased
from Dec. 2022 (70.27) to Dec. 2023 (90.96).
It might indicate that Palladyne AI'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.
Palladyne AI's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.00.
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.
Palladyne AI's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.46.
Palladyne AI Days Inventory Historical Data
The historical data trend for Palladyne AI'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 Palladyne AI's Days Inventory
For the Software - Infrastructure subindustry, Palladyne AI'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.
Palladyne AI's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Palladyne AI's Days Inventory distribution charts can be found below:
* The bar in red indicates where Palladyne AI's Days Inventory falls into.
Palladyne AI Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Palladyne AI's Days Inventory for the fiscal year that 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.
Palladyne AI (NAS:PDYN) 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.
Palladyne AI'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.
Palladyne AI'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.
Palladyne AI Days Inventory Related Terms
Thank you for viewing the detailed overview of Palladyne AI's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Sarcos Technology & Robotics Corp designs, develops and manufactures a broad range of advanced mobile robotic systems that redefine human possibilities and are designed to enable the safest, most productive workforce in the world. The company operates in challenging, unstructured industrial environments and includes teleoperated robotic systems, a powered robotic exoskeleton, and software solutions that enable task autonomy.
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