The historical rank and industry rank for Precision Optics's Days Inventory or its related term are showing as below:
POCI'
s Days Inventory Range Over the Past 10 Years
Min: 79.5 Med: 116.47 Max: 167.71
Current: 83.53
During the past 13 years, Precision Optics's highest Days Inventory was 167.71. The lowest was 79.50. And the median was 116.47.
POCI's Days Inventory is ranked better than 88.05% of 778
companies
in the Medical Devices & Instruments industry
Industry Median: 191.615
vs POCI: 83.53
Precision Optics's Days Inventory
increased
from Dec. 2022 (77.75) to Dec. 2023 (82.12).
It might indicate that Precision Optics's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Precision Optics's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.11.
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.
Precision Optics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.63.
Precision Optics Days Inventory Historical Data
The historical data trend for Precision Optics'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 Precision Optics's Days Inventory
For the Medical Instruments & Supplies subindustry, Precision Optics'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.
Precision Optics's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Precision Optics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Precision Optics's Days Inventory falls into.
Precision Optics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Precision Optics's Days Inventory for the fiscal year that ended in Jun. 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.
Precision Optics (NAS:POCI) 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.
Precision Optics'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.
Precision Optics'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.
Precision Optics Days Inventory Related Terms
Thank you for viewing the detailed overview of Precision Optics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Precision Optics (Precision Optics) Business Description
Precision Optics Corp Inc is engaged in designing, developing, and manufacturing advanced optical instruments. It manufactures medical products such as endoscopes and endocouplers which incorporate various optical technologies for use in a variety of minimally invasive surgical and diagnostic procedures. The company also produces endoscopes for various applications as well as designs and manufactures custom optical medical devices to satisfy customers' specific requirements. In addition, the company manufactures and sells components and assemblies specially designed for industrial and military use. The company earns the majority of its revenue from the United States.
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