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Polar Power (Polar Power) Days Inventory : 323.48 (As of Dec. 2023)


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What is Polar Power Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Polar Power's Average Total Inventories for the three months ended in Dec. 2023 was $17.84 Mil. Polar Power's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.03 Mil. Hence, Polar Power's Days Inventory for the three months ended in Dec. 2023 was 323.48.

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

POLA' s Days Inventory Range Over the Past 10 Years
Min: 99.94   Med: 200.31   Max: 428.56
Current: 428.56

During the past 10 years, Polar Power's highest Days Inventory was 428.56. The lowest was 99.94. And the median was 200.31.

POLA's Days Inventory is ranked worse than
95.39% of 2908 companies
in the Industrial Products industry
Industry Median: 120.82 vs POLA: 428.56

Polar Power's Days Inventory increased from Dec. 2022 (237.96) to Dec. 2023 (323.48). It might indicate that Polar Power's sales slowed down.

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. Polar Power's Inventory Turnover for the three months ended in Dec. 2023 was 0.28.

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. Polar Power's Inventory-to-Revenue for the three months ended in Dec. 2023 was 4.95.


Polar Power Days Inventory Historical Data

The historical data trend for Polar Power'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.

Polar Power Days Inventory Chart

Polar Power Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 205.47 286.52 245.73 320.66 399.83

Polar Power Quarterly Data
Mar19 Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only 237.96 429.49 383.51 832.59 323.48

Competitive Comparison of Polar Power's Days Inventory

For the Electrical Equipment & Parts subindustry, Polar Power'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.


Polar Power's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polar Power's Days Inventory distribution charts can be found below:

* The bar in red indicates where Polar Power's Days Inventory falls into.



Polar Power Days Inventory Calculation

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

Polar Power'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
=( (15.46 + 16.522) / 2 ) / 14.598*365
=15.991 / 14.598*365
=399.83

Polar Power'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
=( (19.155 + 16.522) / 2 ) / 5.032*365 / 4
=17.8385 / 5.032*365 / 4
=323.48

* 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.


Polar Power  (NAS:POLA) 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.

Polar Power'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.

Polar Power'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.


Polar Power Days Inventory Related Terms

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


Polar Power (Polar Power) Business Description

Traded in Other Exchanges
Address
249 East Gardena Boulevard, Gardena, CA, USA, 90248
Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.
Executives
Keith Albrecht director 249 E. GARDENA BOULEVARD, GARDENA CA 90248
Arthur D. Sams director, 10 percent owner, officer: President, CEO, Secretary 249 E. GARDENA BOULEVARD, GARDENA CA 90248
Rajesh Masina officer: Chief Operating Officer 249 E. GARDENA BOULEVARD, GARDENA CA 90248
Luis Zavala officer: Chief Financial Officer 249 E. GARDENA BOULEVARD, GARDENA CA 90248
Peter Gross director 249 E. GARDENA BLVD., GARDENA CA 90248
Matthew Goldman director 249 E. GARDENA BOULEVARD, GARDENA CA 90248