GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Navitas Semiconductor Corp (NAS:NVTS) » Definitions » Days Inventory

Navitas Semiconductor (Navitas Semiconductor) Days Inventory : 118.29 (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Navitas Semiconductor Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Navitas Semiconductor's Average Total Inventories for the three months ended in Dec. 2023 was $19.54 Mil. Navitas Semiconductor's Cost of Goods Sold for the three months ended in Dec. 2023 was $15.07 Mil. Hence, Navitas Semiconductor's Days Inventory for the three months ended in Dec. 2023 was 118.29.

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

NVTS' s Days Inventory Range Over the Past 10 Years
Min: 144.66   Med: 187.18   Max: 217.9
Current: 144.66

During the past 4 years, Navitas Semiconductor's highest Days Inventory was 217.90. The lowest was 144.66. And the median was 187.18.

NVTS's Days Inventory is ranked worse than
57.17% of 941 companies
in the Semiconductors industry
Industry Median: 130.44 vs NVTS: 144.66

Navitas Semiconductor's Days Inventory declined from Dec. 2022 (224.40) to Dec. 2023 (118.29).

Inventory Turnover measures how fast the company turns over its inventory within a year. Navitas Semiconductor's Inventory Turnover for the three months ended in Dec. 2023 was 0.77.

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. Navitas Semiconductor's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.75.


Navitas Semiconductor Days Inventory Historical Data

The historical data trend for Navitas Semiconductor'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.

Navitas Semiconductor Days Inventory Chart

Navitas Semiconductor Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
152.75 215.11 217.90 159.25

Navitas Semiconductor Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 224.40 219.83 162.99 106.71 118.29

Competitive Comparison of Navitas Semiconductor's Days Inventory

For the Semiconductors subindustry, Navitas Semiconductor'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.


Navitas Semiconductor's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Navitas Semiconductor's Days Inventory distribution charts can be found below:

* The bar in red indicates where Navitas Semiconductor's Days Inventory falls into.



Navitas Semiconductor Days Inventory Calculation

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

Navitas Semiconductor'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
=( (19.061 + 23.166) / 2 ) / 48.392*365
=21.1135 / 48.392*365
=159.25

Navitas Semiconductor'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
=( (15.904 + 23.166) / 2 ) / 15.07*365 / 4
=19.535 / 15.07*365 / 4
=118.29

* 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.


Navitas Semiconductor  (NAS:NVTS) 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.

Navitas Semiconductor's Inventory Turnover for the three months ended in Dec. 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.

Navitas Semiconductor's Inventory to Revenue for the three months ended in Dec. 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.


Navitas Semiconductor Days Inventory Related Terms

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


Navitas Semiconductor (Navitas Semiconductor) Business Description

Traded in Other Exchanges
N/A
Address
3520 Challenger Street, Torrance, CA, USA, 90503-1640
Navitas Semiconductor Corp develops ultra-efficient gallium nitride (GaN) semiconductors that are revolutionizing power electronics. GaN power ICs integrate GaN power with drive, control, and protection to enable fast charging, high power density, and energy savings for mobile, consumer, enterprise, eMobility, and new energy markets. The company operates as one reportable segment, the design, development, manufacture and marketing of integrated circuits and related components for use in mobile device and other markets. Geographically, the company operates in China, Europe, United States, Rest of Asia and Others. Majority of revenue is generated from China.
Executives
Ron Shelton officer: Sr VP, CFO and Treasurer
Dipender Saluja director 1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Wunderlich Gary Kent Jr director CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367
Richard J Hendrix director 1300 NORTH 17TH STREET, ARLINGTON VA 22209
Eugene Sheridan director, officer: Chief Executive Officer C/O NAVITAS SEMICONDUCTOR CORPORATION, 3520 CHALLENGER STREET, TORRANCE CA 90503-1640
Daniel M. Kinzer director, officer: Chief Oprtng and Tech Officer C/O CORP SEC, FAIRCHILD SEMICONDUCTOR, 82 RUNNING HILL RD., S. PORTLAND ME 04106
Ranbir Singh 10 percent owner, officer: EVP, GeneSic Business 2101 E. EL SEGUNDO BLVD., STE. 205, EL SEGUNDO CA 90245
Sicpower, Llc 10 percent owner C/O CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
David Moxam director C/O 2101 EL SEGUNDO BLVD., SUITE 204, EL SEGUNDO CA 90245
Todd Glickman officer: Interim Chf Financial Officer C/O 2101 EL SEGUNDO BLVD., SUITE 204, EL SEGUNDO CA 90245
Malibuiq, Llc 10 percent owner 21245 SMITH ROAD, COVINGTON LA 70435
Brian Long director
Atalaya Capital Management Lp 10 percent owner ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Atalaya Special Purpose Investment Fund Lp 10 percent owner ONE ROCKEFELLER PLAZA, NEW YORK NY 10710
Acm Asof Vii (cayman) Holdco Lp 10 percent owner ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10022