Avricore Health (Avricore Health) Days Inventory : 2.30 (As of Dec. 2023)

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What is Avricore Health Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Avricore Health's Average Total Inventories for the three months ended in Dec. 2023 was $0.02 Mil. Avricore Health's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.64 Mil. Hence, Avricore Health's Days Inventory for the three months ended in Dec. 2023 was 2.30.

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

AVCRF' s Days Inventory Range Over the Past 10 Years
Min: 3.36 Med: 1959.47 Max: 43313.33
Current: 4.11

During the past 13 years, Avricore Health's highest Days Inventory was 43313.33. The lowest was 3.36. And the median was 1959.47.

AVCRF's Days Inventory is ranked better than
97.87% of 188 companies
in the Medical Diagnostics & Research industry
Industry Median: 69.24 vs AVCRF: 4.11

Avricore Health's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (2.30). It might indicate that Avricore Health's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avricore Health's Inventory Turnover for the three months ended in Dec. 2023 was 39.75.

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. Avricore Health's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Avricore Health Days Inventory Historical Data

The historical data trend for Avricore Health'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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Avricore Health Days Inventory Chart

Avricore Health Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,981.43

3.43

Avricore Health Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	2.30

Competitive Comparison of Avricore Health's Days Inventory

For the Diagnostics & Research subindustry, Avricore Health'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.

Avricore Health's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Avricore Health's Days Inventory distribution charts can be found below:

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

Avricore Health Days Inventory Calculation

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

Avricore Health'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
=	( (0	+	0.016)	/	1 )	/	1.701	*	365
=	0.016					/	1.701	*	365
=	3.43

Avricore Health'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
=	( (0	+	0.016)	/	1 )	/	0.636	*	365 / 4
=	0.016					/	0.636	*	365 / 4
=	2.30

Avricore Health (OTCPK:AVCRF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.636	/	0.016
	=	39.75

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.016	/	1.009
	=	0.02

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.

Avricore Health Days Inventory Related Terms

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

Avricore Health (Avricore Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avricore Health Inc (OTCPK:AVCRF) » Definitions » Days Inventory

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8VP1:Germany AVCR:Canada

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.avricorehealth.com

Avricore Health Inc is a Canada based company. The company is involved in the business of health data and point-of-care technologies. The Company has only one segment, being the HealthTab - Point of Care Business in Canada. The Company's revenues are generated from operating leases of the POCT system and sale of testing panels.