Days Inventory is also known as Days Sales of Inventory (DSI). SKYX Platforms's Average Total Inventories for the
three
months ended in Dec. 2023 was $4.41 Mil. SKYX Platforms's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $15.54 Mil.
Hence, SKYX Platforms's Days Inventory for the
three
months ended in Dec. 2023 was 25.87.
The historical rank and industry rank for SKYX Platforms's Days Inventory or its related term are showing as below:
SKYX'
s Days Inventory Range Over the Past 10 Years
Min: 23.96 Med: 136.1 Max: 27307.76
Current: 31.64
During the past 9 years, SKYX Platforms's highest Days Inventory was 27307.76. The lowest was 23.96. And the median was 136.10.
SKYX's Days Inventory is ranked better than 94.08% of 2904
companies
in the Industrial Products industry
Industry Median: 119.93
vs SKYX: 31.64
SKYX Platforms's Days Inventory
declined
from Dec. 2022 (154,760.00) to Dec. 2023 (25.87).
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
SKYX Platforms's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.53.
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.
SKYX Platforms's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.20.
SKYX Platforms Days Inventory Historical Data
The historical data trend for SKYX Platforms'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 SKYX Platforms's Days Inventory
For the Electrical Equipment & Parts subindustry, SKYX Platforms'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.
SKYX Platforms's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, SKYX Platforms's Days Inventory distribution charts can be found below:
* The bar in red indicates where SKYX Platforms's Days Inventory falls into.
SKYX Platforms Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SKYX Platforms's Days Inventory for the fiscal year that 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.
SKYX Platforms (NAS:SKYX) 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.
SKYX Platforms'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.
SKYX Platforms'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.
SKYX Platforms Days Inventory Related Terms
Thank you for viewing the detailed overview of SKYX Platforms's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
SKYX Platforms (SKYX Platforms) Business Description
SKYX Platforms Corp operates in the business of developing proprietary technology that enables a quick and safe installation of electrical fixtures, such as light fixtures and ceiling fans. The company's technology consists of a weight bearing, fixable socket and a revolving plug for conducting electric power and supporting an electrical appliance attached to a wall or ceiling. The socket is comprised of a nonconductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug is also comprised of a nonconductive body that houses corresponding conductive rings, attaches to the socket via a male post and is capable of feeding electric power to an appliance. The Company generates its income from the United States.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SKYX has been successfully added to your 