Days Inventory is also known as Days Sales of Inventory (DSI). UMeWorld's Average Total Inventories for the
six
months ended in Sep. 2023 was $0.01 Mil. UMeWorld's Cost of Goods Sold for the
six
months ended in Sep. 2023 was $0.00 Mil.
Hence, UMeWorld's Days Inventory for the
six
months ended in Sep. 2023 was 547.50.
The historical rank and industry rank for UMeWorld's Days Inventory or its related term are showing as below:
UMEWF'
s Days Inventory Range Over the Past 10 Years
Min: 1095 Med: 2737.5 Max: 4380
Current: 1095
During the past 13 years, UMeWorld's highest Days Inventory was 4380.00. The lowest was 1095.00. And the median was 2737.50.
UMEWF's Days Inventory is ranked worse than 98.26% of 1785
companies
in the Consumer Packaged Goods industry
Industry Median: 82.1
vs UMEWF: 1095.00
UMeWorld's Days Inventory
increased
from Sep. 2021 (0.00) to Sep. 2023 (1,095.00).
It might indicate that UMeWorld's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
UMeWorld's Inventory Turnover for the
six
months ended in Sep. 2023 was 0.33.
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.
UMeWorld's Inventory-to-Revenue for the
six
months ended in Sep. 2023 was 12.00.
UMeWorld Days Inventory Historical Data
The historical data trend for UMeWorld'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.
Competitive Comparison of UMeWorld's Days Inventory
For the Packaged Foods subindustry, UMeWorld'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.
UMeWorld's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, UMeWorld's Days Inventory distribution charts can be found below:
* The bar in red indicates where UMeWorld's Days Inventory falls into.
UMeWorld Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
UMeWorld's Days Inventory for the fiscal year that 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.
UMeWorld (OTCPK:UMEWF) 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.
UMeWorld's Inventory Turnover for the
six
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.
UMeWorld's Inventory to Revenue for the
six
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.
UMeWorld Days Inventory Related Terms
Thank you for viewing the detailed overview of UMeWorld's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
UMeWorld Ltd is an internet technology company. It has developed a UMFun, the kindergarten-to-grade (K-12) product of the company which is a cloud-based, adaptive learning and assessment platform which analyzes and adapts to a student's performance and personalizes the delivery of proprietary educational items in accordance with the student's learning needs. The company offers UMFun's off-school version to Chinese K-12 students through China Mobile. Its other products are UMTang, UEXiao, and 17Speech.
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