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NTG Clarity Networks (TSXV:NCI) Days Inventory : 0.00 (As of Sep. 2023)


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What is NTG Clarity Networks Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NTG Clarity Networks's Average Total Inventories for the three months ended in Sep. 2023 was C$0.00 Mil. NTG Clarity Networks's Cost of Goods Sold for the three months ended in Sep. 2023 was C$3.92 Mil. Hence, NTG Clarity Networks's Days Inventory for the three months ended in Sep. 2023 was 0.00.

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

During the past 13 years, NTG Clarity Networks's highest Days Inventory was 7.27. The lowest was 6.44. And the median was 6.86.

TSXV:NCI's Days Inventory is not ranked *
in the Software industry.
Industry Median: 19.5
* Ranked among companies with meaningful Days Inventory only.

NTG Clarity Networks's Days Inventory stayed the same from Sep. 2022 (0.00) to Sep. 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. NTG Clarity Networks's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.


NTG Clarity Networks Days Inventory Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks Days Inventory Chart

NTG Clarity Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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NTG Clarity Networks Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of NTG Clarity Networks's Days Inventory

For the Software - Application subindustry, NTG Clarity Networks'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.


NTG Clarity Networks's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, NTG Clarity Networks's Days Inventory distribution charts can be found below:

* The bar in red indicates where NTG Clarity Networks's Days Inventory falls into.



NTG Clarity Networks Days Inventory Calculation

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

NTG Clarity Networks's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (0 + 0) / 1 ) / 10.93*365
=0 / 10.93*365
=0.00

NTG Clarity Networks's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 3.921*365 / 4
=0 / 3.921*365 / 4
=0.00

* 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.


NTG Clarity Networks  (TSXV:NCI) 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.

NTG Clarity Networks's Inventory Turnover for the three months ended in Sep. 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.

NTG Clarity Networks's Inventory to Revenue for the three months ended in Sep. 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.


NTG Clarity Networks Days Inventory Related Terms

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


NTG Clarity Networks (TSXV:NCI) Business Description

Traded in Other Exchanges
Address
2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9
NTG Clarity Networks Inc provides telecommunications engineering, Information Technology, networking, and related software solutions. It develops niche software products directed at telecom service providers and utilities markets. The company also provides professional services and managed services to the same vertical. In addition, it has also expanded into the financial and government sectors by providing products and technical resources to assist customers with projects that include digital transformation. The company`s Canadian segment is made up of activities in Canada and offices in Saudi Arabia and Oman; and the Egypt segment is a software development group that also provides professional services, offshoring services, and network services to customers in Egypt.

NTG Clarity Networks (TSXV:NCI) Headlines