Imax (IMAX) Days Inventory : 82.94 (As of Dec. 2023)

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What is Imax Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Imax's Average Total Inventories for the three months ended in Dec. 2023 was $38.5 Mil. Imax's Cost of Goods Sold for the three months ended in Dec. 2023 was $42.3 Mil. Hence, Imax's Days Inventory for the three months ended in Dec. 2023 was 82.94.

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

IMAX' s Days Inventory Range Over the Past 10 Years
Min: 41.89 Med: 78.23 Max: 130.51
Current: 83.36

During the past 13 years, Imax's highest Days Inventory was 130.51. The lowest was 41.89. And the median was 78.23.

IMAX's Days Inventory is ranked worse than
71.54% of 657 companies
in the Media - Diversified industry
Industry Median: 26.32 vs IMAX: 83.36

Imax's Days Inventory increased from Dec. 2022 (62.98) to Dec. 2023 (82.94). It might indicate that Imax's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Imax's Inventory Turnover for the three months ended in Dec. 2023 was 1.10.

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

Imax Days Inventory Historical Data

The historical data trend for Imax'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.

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Imax Days Inventory Chart

Imax Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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88.04

130.51

100.74

73.86

71.77

Imax 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															62.98	85.36	85.10	91.58	82.94

Competitive Comparison of Imax's Days Inventory

For the Entertainment subindustry, Imax'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.

Imax's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Imax's Days Inventory distribution charts can be found below:

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

Imax Days Inventory Calculation

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

Imax'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
=	( (31.534	+	31.584)	/	2 )	/	160.498	*	365
=	31.559					/	160.498	*	365
=	71.77

Imax'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
=	( (45.365	+	31.584)	/	2 )	/	42.33	*	365 / 4
=	38.4745					/	42.33	*	365 / 4
=	82.94

Imax (NYSE:IMAX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.33	/	38.4745
	=	1.10

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.4745	/	86.018
	=	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.

Imax Days Inventory Related Terms

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

Imax (IMAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Imax Corp (NYSE:IMAX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IMA:Germany

Address

2525 Speakman Drive, Mississauga, ON, CAN, L5K 1B1

Website

https://www.imax.com

Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters. Instead, the firm generates revenue via selling and leasing the required proprietary equipment and via fees for digitally remastering standard films into the proprietary Imax format. The firm has expanded from 210 commercial theaters in 2008 to over 1,630 today and increased the annual number of Imax releases from 13 in 2007 to 68 in 2028. Roughly 70% of the firm's screens are in China (48%) and the U.S. (22%), but Imax has screens in 87 countries.

Executives

Calamera Pablo	officer: CTO & EVP	C/O IMAX CORPORATION, 902 BROADWAY, FLOOR 20, NEW YORK NY 10010
Kenneth Ian Weissman	officer: Sr VP & Corporate Secretary	902 BROADWAY AVE, 20TH FLOOR, NEW YORK NY 10010-6002
Richard L Gelfond	director, officer: Chief Executive Officer	902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Denny Tu	officer: Chief Marketing Officer	12582 WEST MILLENNIUM DRIVE, PLAYA VISTA CA 90094
Daniel Manwaring	officer: CEO, IMAX China Holding, Inc.	IMAX CORPORATION, 902 BROADWAY, FLOOR 20, NEW YORK NY 10010
Mark Welton	officer: Executive Vice President	2525 SPEAKMAN DRIVE, C/O IMAX CORP, MISSISSAUGA A6 L5K 1B1
Gail Berman	director	902 BROADWAY, FLOOR 20, NEW YORK NY 10010
Elizabeth Gitajn	officer: SVP, Finance & Controller	2525 SPEAKMAN DRIVE, MISSISSAUGA, ONTARIO Z4 L5K 1B1
Jennifer L. Wong	director	C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281
Michele Golden	officer: Global Chief People Officer	902 BROADWAY, FLOOR 20, NEW YORK NY 10010
Natasha Fernandes	officer: Chief Financial Officer	2525 SPEAKMAN DRIVE, MISSISSAUGA A6 L5K1B1
Jacqueline Bassani	officer: Chief People Officer	2525 SPEAKMAN DRIVE, MISSISSAUGA A6 L5K1B1
Robert D Lister	officer: Exec VP Bus&Legal Affairs	902 BROADWAY, 20TH FLOOR, C/O IMAX CORP, NEW YORK NY 10022
Steve Pamon	director	1241 E MAIN ST, STAMFORD CT 06902-3520
Megan Colligan	officer: President IMAX Entertainment	12582 WEST MILLENNNIUM DRIVE, LOS ANGELES CA 90094