Sixth Wave Innovations (XCNQ:SIXW) Days Inventory : 0.00 (As of May. 2023)

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What is Sixth Wave Innovations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sixth Wave Innovations's Average Total Inventories for the three months ended in May. 2023 was C$0.00 Mil. Sixth Wave Innovations's Cost of Goods Sold for the three months ended in May. 2023 was C$0.00 Mil.

The historical rank and industry rank for Sixth Wave Innovations's Days Inventory or its related term are showing as below:

XCNQ:SIXW's Days Inventory is not ranked ^*
in the Chemicals industry.
Industry Median: 81.62
* Ranked among companies with meaningful Days Inventory only.

Sixth Wave Innovations's Days Inventory stayed the same from May. 2022 (0.00) to May. 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.

Sixth Wave Innovations Days Inventory Historical Data

The historical data trend for Sixth Wave Innovations'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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Sixth Wave Innovations Days Inventory Chart

Sixth Wave Innovations Annual Data

Trend

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Days Inventory

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Sixth Wave Innovations Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Sixth Wave Innovations's Days Inventory

For the Specialty Chemicals subindustry, Sixth Wave Innovations'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.

Sixth Wave Innovations's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sixth Wave Innovations's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sixth Wave Innovations's Days Inventory falls into.

Sixth Wave Innovations Days Inventory Calculation

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

Sixth Wave Innovations's Days Inventory for the fiscal year that ended in Aug. 2022 is calculated as

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

Sixth Wave Innovations's Days Inventory for the quarter that ended in May. 2023 is calculated as:

	Days Inventory (Q: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: May. 2023 ))	/	count )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Sixth Wave Innovations (XCNQ:SIXW) 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.

Sixth Wave Innovations's Inventory Turnover for the three months ended in May. 2023 is calculated as

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

Sixth Wave Innovations's Inventory to Revenue for the three months ended in May. 2023 is calculated as

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

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.

Sixth Wave Innovations Days Inventory Related Terms

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

Sixth Wave Innovations (XCNQ:SIXW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sixth Wave Innovations Inc (XCNQ:SIXW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SIXWF:USA AHU:Germany

Address

210 Waterfront Drive Bedford, Suite 110, Nova Scotia, BC, CAN, B4A 0H3

Website

https://www.sixthwave.com

Sixth Wave Innovations Inc is a nanotechnology company that uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and releasing substances at the molecular level. Its current products are in the process of commercialization in gold mining, cannabis production and health and security with rapid virus detection.

Executives

Peter Manuel

Director

Sixth Wave Innovations (XCNQ:SIXW) Headlines

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