International Barrier Technology (International Barrier Technology) Days Inventory : 55.14 (As of Jun. 2017)

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What is International Barrier Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). International Barrier Technology's Average Total Inventories for the three months ended in Jun. 2017 was $0.94 Mil. International Barrier Technology's Cost of Goods Sold for the three months ended in Jun. 2017 was $1.55 Mil. Hence, International Barrier Technology's Days Inventory for the three months ended in Jun. 2017 was 55.14.

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

IBTGF's Days Inventory is not ranked ^*
in the Building Materials industry.
Industry Median: 83.41
* Ranked among companies with meaningful Days Inventory only.

International Barrier Technology's Days Inventory increased from Jun. 2016 (24.75) to Jun. 2017 (55.14). It might indicate that International Barrier Technology's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. International Barrier Technology's Inventory Turnover for the three months ended in Jun. 2017 was 1.65.

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. International Barrier Technology's Inventory-to-Revenue for the three months ended in Jun. 2017 was 0.53.

International Barrier Technology Days Inventory Historical Data

The historical data trend for International Barrier Technology'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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International Barrier Technology Days Inventory Chart

International Barrier Technology Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Days Inventory

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22.55

23.80

29.72

29.29

38.15

International Barrier Technology Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Days Inventory	Get a 7-Day Free Trial															24.75	28.34	28.32	33.87	55.14

Competitive Comparison of International Barrier Technology's Days Inventory

For the Building Materials subindustry, International Barrier Technology'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.

International Barrier Technology's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, International Barrier Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where International Barrier Technology's Days Inventory falls into.

International Barrier Technology Days Inventory Calculation

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

International Barrier Technology's Days Inventory for the fiscal year that ended in Jun. 2017 is calculated as

	Days Inventory (A: Jun. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2016 )	+	Total Inventories (A: Jun. 2017 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2017 )	*	Days in Period
=	( (0.674	+	0.989)	/	2 )	/	7.956	*	365
=	0.8315					/	7.956	*	365
=	38.15

International Barrier Technology's Days Inventory for the quarter that ended in Jun. 2017 is calculated as:

	Days Inventory (Q: Jun. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2017 )	+	Total Inventories (Q: Jun. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
=	( (0.889	+	0.989)	/	2 )	/	1.554	*	365 / 4
=	0.939					/	1.554	*	365 / 4
=	55.14

International Barrier Technology (OTCPK:IBTGF) 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.

International Barrier Technology's Inventory Turnover for the three months ended in Jun. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.554	/	0.939
	=	1.65

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.

International Barrier Technology's Inventory to Revenue for the three months ended in Jun. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.939	/	1.762
	=	0.53

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.

International Barrier Technology Days Inventory Related Terms

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International Barrier Technology (International Barrier Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » International Barrier Technology Inc (OTCPK:IBTGF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.intlbarrier.com

International Barrier Technology Inc. is incorporated in July 1986 under the name 'Barrier Technology Inc.' The name was changed to 'International Barrier Technology Inc.' on 11 March 1996. The Company acquired the rights to the Pyrotite Technology for Canada in July 1986 and for the United States in March 1992. The Company develops, manufactures, and markets proprietary fire resistant building materials designed to help protect people and property from the destruction of fire. The Company uses a patented, non-combustible, non-toxic Pyrotite formulation that is used to coat wood panels and has potential application to engineered wood products, paint, plastics, and expanded polystyrene. Pyrotite is a fire-barrier material comprised of the patented formulation reinforced with chopped fiberglass strands and applied by customers directly to wood sheathing designed to prevent ignition and inhibit the spread of flames; and Blazeguard, a composite fire-rated panel, composed of a coating of the patented formulation adhered to a layer of structural sheathing or oriented strand board (OSB). The Company competes with other building materials companies that have similar operations.

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