Days Inventory is also known as Days Sales of Inventory (DSI). Glow LifeTech's Average Total Inventories for the
three
months ended in Sep. 2023 was C$0.13 Mil. Glow LifeTech's Cost of Goods Sold for the
three
months ended in Sep. 2023 was C$0.01 Mil.
Hence, Glow LifeTech's Days Inventory for the
three
months ended in Sep. 2023 was 2,007.50.
The historical rank and industry rank for Glow LifeTech's Days Inventory or its related term are showing as below:
XCNQ:GLOW'
s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 7835.33
Current: 7835.33
During the past 4 years, Glow LifeTech's highest Days Inventory was 7835.33. The lowest was 0.00. And the median was 0.00.
XCNQ:GLOW's Days Inventory is ranked worse than 98.47% of 654
companies
in the Biotechnology industry
Industry Median: 191.745
vs XCNQ:GLOW: 7835.33
Glow LifeTech's Days Inventory
increased
from Sep. 2022 (0.00) to Sep. 2023 (2,007.50).
It might indicate that Glow LifeTech's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Glow LifeTech's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.05.
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.
Glow LifeTech's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 6.95.
Glow LifeTech Days Inventory Historical Data
The historical data trend for Glow LifeTech'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 Glow LifeTech's Days Inventory
For the Biotechnology subindustry, Glow LifeTech'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.
Glow LifeTech's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Glow LifeTech's Days Inventory distribution charts can be found below:
* The bar in red indicates where Glow LifeTech's Days Inventory falls into.
Glow LifeTech Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Glow LifeTech's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Glow LifeTech (XCNQ:GLOW) 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.
Glow LifeTech'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.
Glow LifeTech'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.
Glow LifeTech Days Inventory Related Terms
Thank you for viewing the detailed overview of Glow LifeTech's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Glow LifeTech Corp is a biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption, and effectiveness. Its plant-based MyCell Technology delivery system transforms poorly absorbed natural compounds into enhanced water-compatible concentrates, unlocking the full healing potential of natural active compounds.
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