Days Inventory is also known as Days Sales of Inventory (DSI). Ideanomics's Average Total Inventories for the
three
months ended in Sep. 2023 was $19.9 Mil. Ideanomics's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $2.1 Mil.
Hence, Ideanomics's Days Inventory for the
three
months ended in Sep. 2023 was 855.33.
The historical rank and industry rank for Ideanomics's Days Inventory or its related term are showing as below:
IDEX'
s Days Inventory Range Over the Past 10 Years
Min: 0.21 Med: 2.09 Max: 87.93
Current: 87.93
During the past 13 years, Ideanomics's highest Days Inventory was 87.93. The lowest was 0.21. And the median was 2.09.
IDEX's Days Inventory is ranked better than 73.66% of 205
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 135.11
vs IDEX: 87.93
Ideanomics's Days Inventory
increased
from Sep. 2022 (273.91) to Sep. 2023 (855.33).
It might indicate that Ideanomics'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.
Ideanomics's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.11.
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.
Ideanomics's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 29.85.
Ideanomics Days Inventory Historical Data
The historical data trend for Ideanomics'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 Ideanomics's Days Inventory
For the Farm & Heavy Construction Machinery subindustry, Ideanomics'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.
Ideanomics's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ideanomics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ideanomics's Days Inventory falls into.
Ideanomics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ideanomics'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.
Ideanomics (NAS:IDEX) 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.
Ideanomics'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.
Ideanomics'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.
Ideanomics Days Inventory Related Terms
Thank you for viewing the detailed overview of Ideanomics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ideanomics Inc is an American multinational company engaged in accelerating the commercial adoption of electric vehicles. The company conducts its operations in one segment with three business units; Ideanomics Mobility's focus is electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. There are five operating companies within the Ideanomics Mobility business unit: VIA, Energica, Solectrac, United States Hybrid, and Tree Technologies, Ideanomics Energy's focus is charging and energy-related products and services, and Ideanomics Capital's focus is providing financing support for the Company's Mobility and Energy business units. Geographically, the company operates in North America, Asia, and Europe.
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