Viavi Solutions (FRA:UNS1) Days Inventory : 98.99 (As of Dec. 2023)

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What is Viavi Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Viavi Solutions's Average Total Inventories for the three months ended in Dec. 2023 was €105.9 Mil. Viavi Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was €97.7 Mil. Hence, Viavi Solutions's Days Inventory for the three months ended in Dec. 2023 was 98.99.

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

FRA:UNS1' s Days Inventory Range Over the Past 10 Years
Min: 53.84 Med: 72.09 Max: 136.77
Current: 96.17

During the past 13 years, Viavi Solutions's highest Days Inventory was 136.77. The lowest was 53.84. And the median was 72.09.

FRA:UNS1's Days Inventory is ranked better than
52.01% of 2407 companies
in the Hardware industry
Industry Median: 102.53 vs FRA:UNS1: 96.17

Viavi Solutions's Days Inventory increased from Dec. 2022 (92.66) to Dec. 2023 (98.99). It might indicate that Viavi Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Viavi Solutions's Inventory Turnover for the three months ended in Dec. 2023 was 0.92.

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. Viavi Solutions's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.45.

Viavi Solutions Days Inventory Historical Data

The historical data trend for Viavi Solutions'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.

Viavi Solutions Days Inventory Chart

Viavi Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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73.16

71.94

69.32

68.01

89.41

Viavi Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															105.73	94.47	100.45	98.99	92.06

Competitive Comparison of Viavi Solutions's Days Inventory

For the Communication Equipment subindustry, Viavi Solutions'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.

Viavi Solutions's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Viavi Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Viavi Solutions's Days Inventory falls into.

Viavi Solutions Days Inventory Calculation

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

Viavi Solutions's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (104.155	+	107.16)	/	2 )	/	431.318	*	365
=	105.6575					/	431.318	*	365
=	89.41

Viavi Solutions'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
=	( (106.35	+	105.547)	/	2 )	/	97.66	*	365 / 4
=	105.9485					/	97.66	*	365 / 4
=	98.99

Viavi Solutions (FRA:UNS1) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	97.66	/	105.9485
	=	0.92

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	105.9485	/	233.376
	=	0.45

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.

Viavi Solutions Days Inventory Related Terms

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

Viavi Solutions (FRA:UNS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Viavi Solutions Inc (FRA:UNS1) » Definitions » Days Inventory

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VIAV:USA

Address

1445 South Spectrum Boulevard, Suite 102, Chandler, AZ, USA, 85286

Website

https://www.viavisolutions.com

Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.

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