The historical rank and industry rank for Avid Technology's Days Inventory or its related term are showing as below:
AVID'
s Days Inventory Range Over the Past 10 Years
Min: 52.21 Med: 82.89 Max: 105.36
Current: 60.3
During the past 13 years, Avid Technology's highest Days Inventory was 105.36. The lowest was 52.21. And the median was 82.89.
AVID's Days Inventory is not ranked
in the Software industry.
Industry Median: 19.61
vs AVID: 60.30
Avid Technology's Days Inventory
increased
from Sep. 2022 (56.67) to Sep. 2023 (78.03).
It might indicate that Avid Technology's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Avid Technology's Inventory Turnover for the
three
months ended in Sep. 2023 was 1.17.
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.
Avid Technology's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.31.
Avid Technology Days Inventory Historical Data
The historical data trend for Avid Technology'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 Avid Technology's Days Inventory
For the Software - Application subindustry, Avid Technology'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.
Avid Technology's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Avid Technology's Days Inventory distribution charts can be found below:
* The bar in red indicates where Avid Technology's Days Inventory falls into.
Avid Technology Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avid Technology's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Avid Technology (NAS:AVID) 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.
Avid Technology's Inventory Turnover for the
three
months ended in Sep. 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.
Avid Technology's Inventory to Revenue for the
three
months ended in Sep. 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.
Avid Technology Days Inventory Related Terms
Thank you for viewing the detailed overview of Avid Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Avid Technology (Avid Technology) Business Description
Avid Technology Inc develops and sells software and hardware for digital media production and management. Its products are used in production, film studios, cable television stations, recording studios, and other agencies. The company has operations in the U.S.; the Americas; Europe, Middle East, and Africa; and Asia-Pacific. Most of its revenue is split fairly evenly between the U.S. and EMEA. The company's products are organized into suites, including Artist Suite, which includes video editing and digital audio workstations; Media Suite, which provides newsroom management solutions; Studio Suite, which provides tools for on-air programming; and Storage Suite, which provides products for digital storage. It derives most of the revenue from video and audio products and services.
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