NorthStar Gaming Holdings (TSXV:BET) Days Inventory : 0.00 (As of Dec. 2023)

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What is NorthStar Gaming Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NorthStar Gaming Holdings's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. NorthStar Gaming Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.93 Mil. Hence, NorthStar Gaming Holdings's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

TSXV:BET's Days Inventory is not ranked ^*
in the Interactive Media industry.
Industry Median: 16.425
* Ranked among companies with meaningful Days Inventory only.

NorthStar Gaming Holdings's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. NorthStar Gaming Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

NorthStar Gaming Holdings Days Inventory Historical Data

The historical data trend for NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings Days Inventory Chart

NorthStar Gaming Holdings Annual Data

Trend

Jun22

Dec23

Days Inventory

NorthStar Gaming Holdings Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	-	-	-	-	-

Competitive Comparison of NorthStar Gaming Holdings's Days Inventory

For the Electronic Gaming & Multimedia subindustry, NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings's Days Inventory Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NorthStar Gaming Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where NorthStar Gaming Holdings's Days Inventory falls into.

NorthStar Gaming Holdings Days Inventory Calculation

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

NorthStar Gaming Holdings'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: Jun. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	12.241	*	365
=	0					/	12.241	*	365
=	0.00

NorthStar Gaming Holdings'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)	/	1 )	/	3.932	*	365 / 4
=	0					/	3.932	*	365 / 4
=	0.00

NorthStar Gaming Holdings (TSXV:BET) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.932	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	6.451
	=	0.00

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.

NorthStar Gaming Holdings Days Inventory Related Terms

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

NorthStar Gaming Holdings (TSXV:BET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NorthStar Gaming Holdings Inc (TSXV:BET) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NSBBF:USA

Address

220 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.northstargaming.ca

NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. This segment's gaming revenue is primarily generated from the proceeds from the Company's online casino and sportsbook.

Executives

Corey Goodman

Senior Officer

NorthStar Gaming Holdings (TSXV:BET) Headlines

No Headlines