Long Blockchain (Long Blockchain) Days Inventory : 153.13 (As of Sep. 2018)

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What is Long Blockchain Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Long Blockchain's Average Total Inventories for the three months ended in Sep. 2018 was $1.09 Mil. Long Blockchain's Cost of Goods Sold for the three months ended in Sep. 2018 was $0.65 Mil. Hence, Long Blockchain's Days Inventory for the three months ended in Sep. 2018 was 153.13.

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

LBCC's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 19.61
* Ranked among companies with meaningful Days Inventory only.

Long Blockchain's Days Inventory increased from Sep. 2017 (118.55) to Sep. 2018 (153.13). It might indicate that Long Blockchain's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Long Blockchain's Inventory Turnover for the three months ended in Sep. 2018 was 0.60.

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. Long Blockchain's Inventory-to-Revenue for the three months ended in Sep. 2018 was 1.32.

Long Blockchain Days Inventory Historical Data

The historical data trend for Long Blockchain'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.

Long Blockchain Days Inventory Chart

Long Blockchain Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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136.15

149.42

81.84

110.36

Long Blockchain Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Inventory	Get a 7-Day Free Trial															118.55	159.13	289.58	150.38	153.13

Competitive Comparison of Long Blockchain's Days Inventory

For the Software - Application subindustry, Long Blockchain'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.

Long Blockchain's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where Long Blockchain's Days Inventory falls into.

Long Blockchain Days Inventory Calculation

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

Long Blockchain's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (1.188	+	1.599)	/	2 )	/	4.609	*	365
=	1.3935					/	4.609	*	365
=	110.36

Long Blockchain's Days Inventory for the quarter that ended in Sep. 2018 is calculated as:

	Days Inventory (Q: Sep. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (1.264	+	0.921)	/	2 )	/	0.651	*	365 / 4
=	1.0925					/	0.651	*	365 / 4
=	153.13

Long Blockchain (OTCPK:LBCC) 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.

Long Blockchain's Inventory Turnover for the three months ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.651	/	1.0925
	=	0.60

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.

Long Blockchain's Inventory to Revenue for the three months ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.0925	/	0.827
	=	1.32

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.

Long Blockchain Days Inventory Related Terms

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

Long Blockchain (Long Blockchain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Long Blockchain Corp (OTCPK:LBCC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-1 Dubon Court, Farmingdale, NY, USA, 11735

Website

http://www.longblockchain.com

Long Blockchain Corp is engaged in developing and investing in globally scalable blockchain technology solutions that create long term value for its shareholders and the wider community by investing in and developing businesses that are on-chain. It is also focused on providing loyalty, incentive, reward, and gift card programs to corporate and consumer brands. The companies other business includes non-alcohol ready-to-drink segment.