Abacus Life (Abacus Life) Days Inventory : 0.00 (As of Dec. 2023)

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What is Abacus Life Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abacus Life's Average Total Inventories for the three months ended in Dec. 2023 was $0.00 Mil. Abacus Life's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.66 Mil. Hence, Abacus Life's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

ABL's Days Inventory is not ranked ^*
in the Insurance industry.
Industry Median: 7.99
* Ranked among companies with meaningful Days Inventory only.

Abacus Life's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 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. Abacus Life's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Abacus Life Days Inventory Historical Data

The historical data trend for Abacus Life'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.

* Premium members only.

Abacus Life Days Inventory Chart

Abacus Life Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

Abacus Life Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Abacus Life's Days Inventory

For the Insurance - Life subindustry, Abacus Life'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.

Abacus Life's Days Inventory Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Abacus Life's Days Inventory distribution charts can be found below:

* The bar in red indicates where Abacus Life's Days Inventory falls into.

Abacus Life Days Inventory Calculation

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

Abacus Life's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	6.49	*	365
=	0					/	6.49	*	365
=	0.00

Abacus Life'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	+	0)	/	1 )	/	1.663	*	365 / 4
=	0					/	1.663	*	365 / 4
=	0.00

Abacus Life (NAS:ABL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.663	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	23.696
	=	0.00

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.

Abacus Life Days Inventory Related Terms

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

Abacus Life (Abacus Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abacus Life Inc (NAS:ABL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2101 Park Center Drive, Suite 170, Orlando, FL, USA, 32835

Website

https://www.abacuslife.com

Abacus Life Inc is a vertically integrated alternative asset manager specializing in investing in life insurance products throughout the lifecycle of a life insurance policy.

Executives

Adam Samuel Gusky	officer: Chief Investment Officer	RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
Sean Mcnealy	director, 10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mary Beth Schulte	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Van Katwijk Cornelis Michiel	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Jay J Jackson	director, officer: Chief Executive Officer	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mccauley William Hugh Jr	officer: Chief Financial Officer	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Asset Management, Llc	10 percent owner	777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487
Corbett Thomas Wingett Jr	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Kevin Scott Kirby	10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Matthew Ganovsky	10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Karla Radka	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Sponsor, Llc	10 percent owner	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Terrence M. Pegula	10 percent owner	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Alberta Investment Management Corp	10 percent owner	1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116