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Twin Vee PowerCats Co (Twin Vee PowerCats Co) Days Inventory : 89.44 (As of Dec. 2023)


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What is Twin Vee PowerCats Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Twin Vee PowerCats Co's Average Total Inventories for the three months ended in Dec. 2023 was $6.51 Mil. Twin Vee PowerCats Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.64 Mil. Hence, Twin Vee PowerCats Co's Days Inventory for the three months ended in Dec. 2023 was 89.44.

The historical rank and industry rank for Twin Vee PowerCats Co's Days Inventory or its related term are showing as below:

VEEE' s Days Inventory Range Over the Past 10 Years
Min: 40.43   Med: 49.69   Max: 84.39
Current: 84.39

During the past 5 years, Twin Vee PowerCats Co's highest Days Inventory was 84.39. The lowest was 40.43. And the median was 49.69.

VEEE's Days Inventory is ranked worse than
51.99% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.295 vs VEEE: 84.39

Twin Vee PowerCats Co's Days Inventory increased from Dec. 2022 (52.30) to Dec. 2023 (89.44). It might indicate that Twin Vee PowerCats Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Twin Vee PowerCats Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.02.

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. Twin Vee PowerCats Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.77.


Twin Vee PowerCats Co Days Inventory Historical Data

The historical data trend for Twin Vee PowerCats Co'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.

Twin Vee PowerCats Co Days Inventory Chart

Twin Vee PowerCats Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
40.43 47.61 52.59 49.69 68.47

Twin Vee PowerCats Co Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.30 71.04 80.69 112.88 89.44

Competitive Comparison of Twin Vee PowerCats Co's Days Inventory

For the Recreational Vehicles subindustry, Twin Vee PowerCats Co'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.


Twin Vee PowerCats Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Twin Vee PowerCats Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Twin Vee PowerCats Co's Days Inventory falls into.



Twin Vee PowerCats Co Days Inventory Calculation

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

Twin Vee PowerCats Co'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
=( (4.008 + 4.885) / 2 ) / 23.703*365
=4.4465 / 23.703*365
=68.47

Twin Vee PowerCats Co'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
=( (8.135 + 4.885) / 2 ) / 6.642*365 / 4
=6.51 / 6.642*365 / 4
=89.44

* 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.


Twin Vee PowerCats Co  (NAS:VEEE) 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.

Twin Vee PowerCats Co'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.

Twin Vee PowerCats Co'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.


Twin Vee PowerCats Co Days Inventory Related Terms

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


Twin Vee PowerCats Co (Twin Vee PowerCats Co) Business Description

Traded in Other Exchanges
N/A
Address
3101 South US-1, Fort Pierce, Florida, FL, USA, 34982
Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers.
Executives
Kevin Schuyler director 1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Bard D. Rockenbach director 3101 S. US-1, FT. PIERCE FL 34982
Carrie L. Gunnerson officer: Chief Financial Officer 5556 HIGHWAY 9, ARMSTRONG IA 50514
Steven A Shallcross director C/O ELYS GAME TECHNOLOGY CORP., 130 ADELAIDE STREET WEST, SUITE 701, TORONTO A6 M5H2K4
Joseph C Visconti director, 10 percent owner, officer: CEO and President 525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Twin Vee Powercats, Inc. 10 percent owner 3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross director 3101 S. US-1, FT. PIERCE FL 34982
Donna Barnett officer: Chief Financial Officer 3101 S. US-1, FT. PIERCE FL 34982
Preston Yarborough director, officer: Vice President 3101 S. US-1, FT. PIERCE FL 34981
James Henry Melvin director 3101 S. US-1, FT. PIERCE FL 34982
Daniel Norton officer: Chief Engineer 3101 S. US-1, FT. PIERCE FL 34982