Eonx Technologies (XCNQ:EONX) Days Inventory : 41.39 (As of Dec. 2023)

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What is Eonx Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eonx Technologies's Average Total Inventories for the three months ended in Dec. 2023 was C$0.82 Mil. Eonx Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1.80 Mil. Hence, Eonx Technologies's Days Inventory for the three months ended in Dec. 2023 was 41.39.

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

XCNQ:EONX' s Days Inventory Range Over the Past 10 Years
Min: 90.66 Med: 546.56 Max: 546.56
Current: 90.66

During the past 4 years, Eonx Technologies's highest Days Inventory was 546.56. The lowest was 90.66. And the median was 546.56.

XCNQ:EONX's Days Inventory is ranked worse than
77.98% of 1562 companies
in the Software industry
Industry Median: 19.48 vs XCNQ:EONX: 90.66

Eonx Technologies's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (41.39). It might indicate that Eonx Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eonx Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 2.20.

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. Eonx Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.22.

Eonx Technologies Days Inventory Historical Data

The historical data trend for Eonx Technologies'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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Eonx Technologies Days Inventory Chart

Eonx Technologies Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Inventory

546.56

Eonx Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											-	-	-	27.35	41.39

Competitive Comparison of Eonx Technologies's Days Inventory

For the Software - Infrastructure subindustry, Eonx Technologies'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.

Eonx Technologies's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Eonx Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eonx Technologies's Days Inventory falls into.

Eonx Technologies Days Inventory Calculation

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

Eonx Technologies's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.741	+	1.152)	/	2 )	/	0.966	*	365
=	1.4465					/	0.966	*	365
=	546.56

Eonx Technologies'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
=	( (0.68	+	0.954)	/	2 )	/	1.801	*	365 / 4
=	0.817					/	1.801	*	365 / 4
=	41.39

Eonx Technologies (XCNQ:EONX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.801	/	0.817
	=	2.20

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.817	/	3.795
	=	0.22

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.

Eonx Technologies Days Inventory Related Terms

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

Eonx Technologies (XCNQ:EONX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eonx Technologies Inc (XCNQ:EONX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1183 Toorak Road, Camberwell, VIC, AUS, 3124

Website

https://www.eonx.com

Eonx Technologies Inc is a financial technology company. The company is engaged in developing and marketing a suite of financial technology products including the payment processor, e-wallets, identity and security for Know Your Customer (KYC) and Anti Money Laundering (AML), loyalty points solutions, and an e-commerce store.

Executives

Accelerative Investments Pty Ltd

Director

Eonx Technologies (XCNQ:EONX) Headlines

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