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Advanced Container Technologies (Advanced Container Technologies) Days Inventory : 83.27 (As of Sep. 2022)


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What is Advanced Container Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Advanced Container Technologies's Average Total Inventories for the three months ended in Sep. 2022 was $0.44 Mil. Advanced Container Technologies's Cost of Goods Sold for the three months ended in Sep. 2022 was $0.49 Mil. Hence, Advanced Container Technologies's Days Inventory for the three months ended in Sep. 2022 was 83.27.

The historical rank and industry rank for Advanced Container Technologies's Days Inventory or its related term are showing as below:

ACTX's Days Inventory is not ranked *
in the Packaging & Containers industry.
Industry Median: 77.89
* Ranked among companies with meaningful Days Inventory only.

Advanced Container Technologies's Days Inventory increased from Sep. 2021 (29.50) to Sep. 2022 (83.27). It might indicate that Advanced Container Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Advanced Container Technologies's Inventory Turnover for the three months ended in Sep. 2022 was 1.10.

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. Advanced Container Technologies's Inventory-to-Revenue for the three months ended in Sep. 2022 was 0.70.


Advanced Container Technologies Days Inventory Historical Data

The historical data trend for Advanced Container Technologies'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.

Advanced Container Technologies Days Inventory Chart

Advanced Container Technologies Annual Data
Trend Jun00 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.42 68.08 46.16 28.90 23.40

Advanced Container Technologies Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.50 32.38 59.96 68.09 83.27

Competitive Comparison of Advanced Container Technologies's Days Inventory

For the Packaging & Containers subindustry, Advanced Container Technologies'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.


Advanced Container Technologies's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Advanced Container Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Advanced Container Technologies's Days Inventory falls into.



Advanced Container Technologies Days Inventory Calculation

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

Advanced Container Technologies's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

Days Inventory (A: Dec. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (0.106 + 0.438) / 2 ) / 4.243*365
=0.272 / 4.243*365
=23.40

Advanced Container Technologies's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

Days Inventory (Q: Sep. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2022 ) + Total Inventories (Q: Sep. 2022 )) / count ) / Cost of Goods Sold (Q: Sep. 2022 )*Days in Period
=( (0.433 + 0.454) / 2 ) / 0.486*365 / 4
=0.4435 / 0.486*365 / 4
=83.27

* 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.


Advanced Container Technologies  (OTCPK:ACTX) 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.

Advanced Container Technologies's Inventory Turnover for the three months ended in Sep. 2022 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.

Advanced Container Technologies's Inventory to Revenue for the three months ended in Sep. 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.


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.


Advanced Container Technologies Days Inventory Related Terms

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


Advanced Container Technologies (Advanced Container Technologies) Business Description

Traded in Other Exchanges
N/A
Address
1620 Commerce Street, Suite A, Corona, CA, USA, 92878
Advanced Container Technologies Inc is in the business of selling and marketing proprietary plastic medical grade containers in the United States. The company's flagship product is Medtainer, which can store grind and shred pharmaceuticals, herbs, teas, and other solids or liquids. It's another product is GrowPods, which are specially modified insulated shipping containers in which plants, herbs, and spices may be grown hydroponically in a controlled environment. Its other products include Humidity pack inserts, Plastic lighter holders, Jars, and Lighters.