Days Inventory is also known as Days Sales of Inventory (DSI). Tigo Energy's Average Total Inventories for the
three
months ended in Dec. 2023 was $59.4 Mil. Tigo Energy's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $6.4 Mil.
Hence, Tigo Energy's Days Inventory for the
three
months ended in Dec. 2023 was 851.31.
The historical rank and industry rank for Tigo Energy's Days Inventory or its related term are showing as below:
TYGO'
s Days Inventory Range Over the Past 10 Years
Min: 112.9 Med: 118.54 Max: 179.57
Current: 179.57
During the past 3 years, Tigo Energy's highest Days Inventory was 179.57. The lowest was 112.90. And the median was 118.54.
TYGO's Days Inventory is ranked worse than 69.53% of 942
companies
in the Semiconductors industry
Industry Median: 130.435
vs TYGO: 179.57
Tigo Energy's Days Inventory
increased
from Dec. 2022 (108.40) to Dec. 2023 (851.31).
It might indicate that Tigo Energy'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.
Tigo Energy's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.11.
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.
Tigo Energy's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 6.43.
Tigo Energy Days Inventory Historical Data
The historical data trend for Tigo Energy'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 Tigo Energy's Days Inventory
For the Solar subindustry, Tigo Energy'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.
Tigo Energy's Days Inventory Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Tigo Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tigo Energy's Days Inventory falls into.
Tigo Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tigo Energy'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.
Tigo Energy (NAS:TYGO) 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.
Tigo Energy'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.
Tigo Energy'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.
Tigo Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of Tigo Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tigo Energy Inc designs innovative solar power conversion and storage products that provide customers more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.
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