Kornit Digital (Kornit Digital) Days Inventory : 163.79 (As of Dec. 2023)

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What is Kornit Digital Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kornit Digital's Average Total Inventories for the three months ended in Dec. 2023 was $75.4 Mil. Kornit Digital's Cost of Goods Sold for the three months ended in Dec. 2023 was $42.0 Mil. Hence, Kornit Digital's Days Inventory for the three months ended in Dec. 2023 was 163.79.

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

KRNT' s Days Inventory Range Over the Past 10 Years
Min: 110.68 Med: 140.78 Max: 201.18
Current: 201.18

During the past 12 years, Kornit Digital's highest Days Inventory was 201.18. The lowest was 110.68. And the median was 140.78.

KRNT's Days Inventory is ranked worse than
76.13% of 2908 companies
in the Industrial Products industry
Industry Median: 120.82 vs KRNT: 201.18

Kornit Digital's Days Inventory declined from Dec. 2022 (197.55) to Dec. 2023 (163.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kornit Digital's Inventory Turnover for the three months ended in Dec. 2023 was 0.56.

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. Kornit Digital's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.33.

Kornit Digital Days Inventory Historical Data

The historical data trend for Kornit Digital'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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Kornit Digital Days Inventory Chart

Kornit Digital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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125.98

155.58

123.93

158.95

187.63

Kornit Digital Quarterly Data
	Mar19	Jun19	Sep19	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															197.55	239.45	220.10	202.48	163.79

Competitive Comparison of Kornit Digital's Days Inventory

For the Specialty Industrial Machinery subindustry, Kornit Digital'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.

Kornit Digital's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kornit Digital's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kornit Digital's Days Inventory falls into.

Kornit Digital Days Inventory Calculation

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

Kornit Digital'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
=	( (89.415	+	67.712)	/	2 )	/	152.829	*	365
=	78.5635					/	152.829	*	365
=	187.63

Kornit Digital'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
=	( (83.111	+	67.712)	/	2 )	/	42.013	*	365 / 4
=	75.4115					/	42.013	*	365 / 4
=	163.79

Kornit Digital (NAS:KRNT) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.013	/	75.4115
	=	0.56

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	75.4115	/	56.585
	=	1.33

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.

Kornit Digital Days Inventory Related Terms

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

Kornit Digital (Kornit Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kornit Digital Ltd (NAS:KRNT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KRNT:Mexico 0KD:Germany

Address

12 Ha'Amal Street, Afek Park, Rosh-Ha'Ayin, ISR, 4809246

Website

https://www.kornit.com

Kornit Digital Ltd develops, designs and markets digital printing solutions for the global printed textile industry. The company focuses on its DTG and DTF segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software and value-added services that allow for large-scale printing of short runs of complex images and designs directly on finished garments and fabrics. It has developed and offers a broad portfolio of differentiated digital printing solutions for the DTG market that provide answers to challenges faced by participants in the global printed textile industry. It generates revenue from sales of systems, ink and other consumables and service including software subscriptions.