Borqs Technologies (Borqs Technologies) Days Inventory : 69.72 (As of Dec. 2023)

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What is Borqs Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Borqs Technologies's Average Total Inventories for the six months ended in Dec. 2023 was $4.54 Mil. Borqs Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was $11.87 Mil. Hence, Borqs Technologies's Days Inventory for the six months ended in Dec. 2023 was 69.72.

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

BRQSF' s Days Inventory Range Over the Past 10 Years
Min: 18.43 Med: 50.41 Max: 67.59
Current: 67.59

During the past 8 years, Borqs Technologies's highest Days Inventory was 67.59. The lowest was 18.43. And the median was 50.41.

BRQSF's Days Inventory is ranked worse than
72.52% of 1561 companies
in the Software industry
Industry Median: 19.46 vs BRQSF: 67.59

Borqs Technologies's Days Inventory increased from Dec. 2022 (56.61) to Dec. 2023 (69.72). It might indicate that Borqs Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Borqs Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 2.62.

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. Borqs Technologies's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.27.

Borqs Technologies Days Inventory Historical Data

The historical data trend for Borqs Technologies'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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Borqs Technologies Days Inventory Chart

Borqs Technologies Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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21.02

52.37

63.88

48.44

59.36

Borqs Technologies Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial												109.85	50.77	56.61	73.65	69.72

Competitive Comparison of Borqs Technologies's Days Inventory

For the Software - Application subindustry, Borqs Technologies'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.

Borqs Technologies's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Borqs Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Borqs Technologies's Days Inventory falls into.

Borqs Technologies Days Inventory Calculation

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

Borqs Technologies'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
=	( (4.235	+	3.556)	/	2 )	/	23.953	*	365
=	3.8955					/	23.953	*	365
=	59.36

Borqs Technologies'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.515	+	3.556)	/	2 )	/	11.873	*	365 / 2
=	4.5355					/	11.873	*	365 / 2
=	69.72

Borqs Technologies (OTCPK:BRQSF) 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.

Borqs Technologies's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.873	/	4.5355
	=	2.62

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.

Borqs Technologies's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.5355	/	17.054
	=	0.27

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.

Borqs Technologies Days Inventory Related Terms

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

Borqs Technologies (Borqs Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Borqs Technologies Inc (OTCPK:BRQSF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Shing Yip Street, Office B, 21st Floor, Legend Tower, Kwun Tong, Kowloon, HKG

Website

https://www.borqs.com

Borqs Technologies Inc operates as a software development company. It is engaged in software, development services, and products providing customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. The company's segment include Connected Solutions. Borqs derives most of its revenues from its Connected Solution which includes Software and Hardware. Its geographical segments include China, India, the United States, and the Rest of the World.

Executives

Bill Huang	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Asset Horizon International Ltd	10 percent owner	FLAT C, 8/F., JONSIM PLACE, 228 QUEEN'S ROAD EAST, HONG KONG K3 000 000
Zhengqi International Holding Ltd	10 percent owner	40 WALL STREET, 28TH FL, NEW YORK NY 10005
George Thangadurai	officer: EVP and President of Int Bus	6190 CORNERSTONE COURT, SAN DIEGO CA 92121
Simon Sun	officer: EVP & Co-GM of Prod. Bus. Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Wong Joseph Wai Leung	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Gene Wuu	officer: EVP & GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Hareesh Ramanna	officer: EVP and GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Ye Eric Tao	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Pat Chan	director, officer: Chair. of the Board, CEO & Pre	UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Anthony K Chan	officer: CFO, EVP Corp. Finance	32108 ALVARADO BLVD., UNIT 138, UNION CITY CA 94587
Intel Corp	10 percent owner	2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054
Bob Li	officer: EVP Corp Affairs & China Sale	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Norwest Venture Partners X L P	10 percent owner	525 UNIVERSITY AVE SUITE 800, PALO ALTO CA 94301
Jian Tu	director, officer: President & Chairman	40 WALL STREET, 28TH FL, NEW YORK NY 10005