Days Inventory is also known as Days Sales of Inventory (DSI). Desktop Metal's Average Total Inventories for the
three
months ended in Dec. 2023 was $94.9 Mil. Desktop Metal's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $69.1 Mil.
Hence, Desktop Metal's Days Inventory for the
three
months ended in Dec. 2023 was 125.37.
The historical rank and industry rank for Desktop Metal's Days Inventory or its related term are showing as below:
DM'
s Days Inventory Range Over the Past 10 Years
Min: 60.4 Med: 145.64 Max: 175.43
Current: 175.43
During the past 5 years, Desktop Metal's highest Days Inventory was 175.43. The lowest was 60.40. And the median was 145.64.
DM's Days Inventory is ranked worse than 75% of 2404
companies
in the Hardware industry
Industry Median: 104.035
vs DM: 175.43
Desktop Metal's Days Inventory
declined
from Dec. 2022 (159.77) to Dec. 2023 (125.37).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Desktop Metal's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.73.
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.
Desktop Metal's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.81.
Desktop Metal Days Inventory Historical Data
The historical data trend for Desktop Metal'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.
Desktop Metal Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
60.40
104.88
145.64
147.86
159.29
Desktop Metal Quarterly Data
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
159.77
203.06
191.94
231.92
125.37
Competitive Comparison
For the Computer Hardware subindustry, Desktop Metal'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.
Desktop Metal Days Inventory Distribution
For the Hardware industry and Technology sector, Desktop Metal's Days Inventory distribution charts can be found below:
* The bar in red indicates where Desktop Metal's Days Inventory falls into.
Desktop Metal Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Desktop Metal'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.
Desktop Metal (NYSE:DM) 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.
Desktop Metal'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.
Desktop Metal'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.
Desktop Metal Days Inventory Related Terms
Thank you for viewing the detailed overview of Desktop Metal's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Desktop Metal (Desktop Metal) Business Description
Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC).
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