Innovative Designs (Innovative Designs) Days Inventory : 1,499.11 (As of Jan. 2024)

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What is Innovative Designs Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innovative Designs's Average Total Inventories for the three months ended in Jan. 2024 was $0.58 Mil. Innovative Designs's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.04 Mil. Hence, Innovative Designs's Days Inventory for the three months ended in Jan. 2024 was 1,499.11.

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

IVDN' s Days Inventory Range Over the Past 10 Years
Min: 650.52 Med: 1346.33 Max: 2107.22
Current: 1182.13

During the past 13 years, Innovative Designs's highest Days Inventory was 2107.22. The lowest was 650.52. And the median was 1346.33.

IVDN's Days Inventory is ranked worse than
97.47% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.78 vs IVDN: 1182.13

Innovative Designs's Days Inventory declined from Jan. 2023 (3,054.19) to Jan. 2024 (1,499.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovative Designs's Inventory Turnover for the three months ended in Jan. 2024 was 0.06.

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. Innovative Designs's Inventory-to-Revenue for the three months ended in Jan. 2024 was 8.71.

Innovative Designs Days Inventory Historical Data

The historical data trend for Innovative Designs'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.

* Premium members only.

Innovative Designs Days Inventory Chart

Innovative Designs Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Inventory

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1,952.89

1,689.87

2,107.22

1,288.67

1,134.11

Innovative Designs Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															3,054.19	4,467.74	722.30	851.17	1,499.11

Competitive Comparison of Innovative Designs's Days Inventory

For the Apparel Retail subindustry, Innovative Designs'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.

Innovative Designs's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Innovative Designs's Days Inventory distribution charts can be found below:

* The bar in red indicates where Innovative Designs's Days Inventory falls into.

Innovative Designs Days Inventory Calculation

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

Innovative Designs's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

	Days Inventory (A: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (0.495	+	0.549)	/	2 )	/	0.168	*	365
=	0.522					/	0.168	*	365
=	1,134.11

Innovative Designs's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.549	+	0.601)	/	2 )	/	0.035	*	365 / 4
=	0.575					/	0.035	*	365 / 4
=	1,499.11

Innovative Designs (OTCPK:IVDN) 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.

Innovative Designs's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.035	/	0.575
	=	0.06

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.

Innovative Designs's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.575	/	0.066
	=	8.71

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.

Innovative Designs Days Inventory Related Terms

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

Innovative Designs (Innovative Designs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovative Designs Inc (OTCPK:IVDN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Cherry Street, Pittsburgh, PA, USA, 15223

Website

https://www.idigear.com

Innovative Designs Inc markets cold-weather recreational and industrial clothing products, as well as house wrap, which is made from INSULTEX, a low density foamed polyethylene with buoyancy, scent block and thermal resistant properties. The business activity of the firm is operated through two segments Apparel and Housewrap. The Apparel segment offers a range of cold weather apparel and related items. The Housewrap segment includes its INSULTEX House Wrap and its own seam tape. It generates maximum revenue from the Housewrap segment.

Executives

Robert Kennedy Adams	director	3509 WILLIAM PENN DR., SAN ANTONIO TX 78230
Donald Vincent Garlotta	director	124 CHERRY STREET, PITTSBURGH PA 15223
Joseph Riccelli	director, 10 percent owner, officer: Chief Executive Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean Kolocouris	director	109 FOX PATH, MOON TWP PA 15108
Daniel P Rains	director	2509 WIEWAN ROAD, ALIQUIPPA PA 15001
Robert D Monsour	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Innovative Designs Inc	director	124 CHERRY ST., STE 1, PITTSBURGH PA 15223
Joseph A Riccelli	officer: Vice President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean P Kolocouris	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Frank Riccelli	director, 10 percent owner, officer: President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dominic Cerniglia	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Anthony Fonzi	director, officer: Chief Financial Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215