Innoviz Technologies (Innoviz Technologies) Days Inventory : 17.79 (As of Dec. 2023)

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What is Innoviz Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innoviz Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $3.35 Mil. Innoviz Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $17.20 Mil. Hence, Innoviz Technologies's Days Inventory for the three months ended in Dec. 2023 was 17.79.

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

INVZ' s Days Inventory Range Over the Past 10 Years
Min: 34.29 Med: 104.79 Max: 246.46
Current: 44.17

During the past 6 years, Innoviz Technologies's highest Days Inventory was 246.46. The lowest was 34.29. And the median was 104.79.

INVZ's Days Inventory is ranked better than
81.32% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.295 vs INVZ: 44.17

Innoviz Technologies's Days Inventory declined from Dec. 2022 (99.21) to Dec. 2023 (17.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Innoviz Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 5.13.

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. Innoviz Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.22.

Innoviz Technologies Days Inventory Historical Data

The historical data trend for Innoviz 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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Innoviz Technologies Days Inventory Chart

Innoviz Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

246.46

99.84

111.71

104.79

34.29

Innoviz Technologies Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial													99.21	77.28	85.88	75.14	17.79

Competitive Comparison of Innoviz Technologies's Days Inventory

For the Auto Parts subindustry, Innoviz 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.

Innoviz Technologies's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Innoviz Technologies's Days Inventory distribution charts can be found below:

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

Innoviz Technologies Days Inventory Calculation

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

Innoviz 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
=	( (4.236	+	1.868)	/	2 )	/	32.49	*	365
=	3.052					/	32.49	*	365
=	34.29

Innoviz 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.838	+	1.868)	/	2 )	/	17.197	*	365 / 4
=	3.353					/	17.197	*	365 / 4
=	17.79

Innoviz Technologies (NAS:INVZ) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.197	/	3.353
	=	5.13

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.353	/	14.917
	=	0.22

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.

Innoviz Technologies Days Inventory Related Terms

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

Innoviz Technologies (Innoviz Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Innoviz Technologies Ltd (NAS:INVZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Uri Ariav street, Building C, Nitzba 300, Rosh HaAin, ISR, 4809202

Website

https://www.innoviz.tech

Innoviz Technologies Ltd is a provider of solid-state LiDAR and perception solutions that feature technological breakthroughs across core components and bring enhanced vision and superior performance to enable safe autonomous driving at a mass scale. The company provides a complete and comprehensive solution for OEMs and Tier-1 partners that are developing and marketing autonomous driving vehicles to the passenger car and other relevant markets, such as robotaxis, shuttles, delivery vehicles, buses and trucks, and other industries that require 3-dimensional high resolution sensors. Company's solutions can enable safe autonomy for industries like logistics, drones, robotics, construction and other industrial applications, agriculture, smart city, smart infrastructures, security and mapping.