Fomo Worldwide (Fomo Worldwide) Days Inventory : 48.76 (As of Sep. 2023)

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What is Fomo Worldwide Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fomo Worldwide's Average Total Inventories for the three months ended in Sep. 2023 was $0.26 Mil. Fomo Worldwide's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.48 Mil. Hence, Fomo Worldwide's Days Inventory for the three months ended in Sep. 2023 was 48.76.

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

IGOT' s Days Inventory Range Over the Past 10 Years
Min: 5.42 Med: 8.21 Max: 53.5
Current: 53.5

During the past 13 years, Fomo Worldwide's highest Days Inventory was 53.50. The lowest was 5.42. And the median was 8.21.

IGOT's Days Inventory is ranked better than
59.39% of 165 companies
in the Asset Management industry
Industry Median: 75.96 vs IGOT: 53.50

Fomo Worldwide's Days Inventory declined from Sep. 2022 (127.39) to Sep. 2023 (48.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fomo Worldwide's Inventory Turnover for the three months ended in Sep. 2023 was 1.87.

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. Fomo Worldwide's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.42.

Fomo Worldwide Days Inventory Historical Data

The historical data trend for Fomo Worldwide'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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Fomo Worldwide Days Inventory Chart

Fomo Worldwide Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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5.42

11.00

Fomo Worldwide Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															127.39	40.57	74.01	36.84	48.76

Competitive Comparison of Fomo Worldwide's Days Inventory

For the Asset Management subindustry, Fomo Worldwide'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.

Fomo Worldwide's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fomo Worldwide's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fomo Worldwide's Days Inventory falls into.

Fomo Worldwide Days Inventory Calculation

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

Fomo Worldwide's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.008	+	0.382)	/	2 )	/	6.468	*	365
=	0.195					/	6.468	*	365
=	11.00

Fomo Worldwide's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.296	+	0.217)	/	2 )	/	0.48	*	365 / 4
=	0.2565					/	0.48	*	365 / 4
=	48.76

Fomo Worldwide (OTCPK:IGOT) 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.

Fomo Worldwide's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.48	/	0.2565
	=	1.87

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.

Fomo Worldwide's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2565	/	0.609
	=	0.42

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.

Fomo Worldwide Days Inventory Related Terms

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

Fomo Worldwide (Fomo Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fomo Worldwide Inc (OTCPK:IGOT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

831 W North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.fomoworldwide.com

Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

Executives

Charles Attila Szoradi	10 percent owner, other: Advisory Board Member	555 SOUTH GODDARD BLVD APT. 332, KING OF PRUSSIA PA 19406
Vikram P Grover	director, officer: CEO	1340 BROOK ST. UNIT M, ST CHARLES IL 60174