BEACN Wizardry & Magic (TSXV:BECN) Days Inventory : 305.59 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is BEACN Wizardry & Magic Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BEACN Wizardry & Magic's Average Total Inventories for the three months ended in Sep. 2023 was C$1.80 Mil. BEACN Wizardry & Magic's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.54 Mil. Hence, BEACN Wizardry & Magic's Days Inventory for the three months ended in Sep. 2023 was 305.59.

The historical rank and industry rank for BEACN Wizardry & Magic's Days Inventory or its related term are showing as below:

TSXV:BECN' s Days Inventory Range Over the Past 10 Years
Min: 142.03 Med: 142.03 Max: 360.51
Current: 360.51

During the past 3 years, BEACN Wizardry & Magic's highest Days Inventory was 360.51. The lowest was 142.03. And the median was 142.03.

TSXV:BECN's Days Inventory is ranked worse than
93.93% of 2407 companies
in the Hardware industry
Industry Median: 102.53 vs TSXV:BECN: 360.51

BEACN Wizardry & Magic's Days Inventory declined from Sep. 2022 (348.28) to Sep. 2023 (305.59).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. BEACN Wizardry & Magic's Inventory Turnover for the three months ended in Sep. 2023 was 0.30.

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. BEACN Wizardry & Magic's Inventory-to-Revenue for the three months ended in Sep. 2023 was 2.02.

BEACN Wizardry & Magic Days Inventory Historical Data

The historical data trend for BEACN Wizardry & Magic'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.

BEACN Wizardry & Magic Days Inventory Chart

BEACN Wizardry & Magic Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

142.03

BEACN Wizardry & Magic Quarterly Data
	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial							348.28	250.38	454.33	559.31	305.59

Competitive Comparison of BEACN Wizardry & Magic's Days Inventory

For the Consumer Electronics subindustry, BEACN Wizardry & Magic'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.

BEACN Wizardry & Magic's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BEACN Wizardry & Magic's Days Inventory distribution charts can be found below:

* The bar in red indicates where BEACN Wizardry & Magic's Days Inventory falls into.

BEACN Wizardry & Magic Days Inventory Calculation

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

BEACN Wizardry & Magic'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
=	( (0.537	+	1.555)	/	2 )	/	2.688	*	365
=	1.046					/	2.688	*	365
=	142.03

BEACN Wizardry & Magic'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
=	( (1.755	+	1.835)	/	2 )	/	0.536	*	365 / 4
=	1.795					/	0.536	*	365 / 4
=	305.59

BEACN Wizardry & Magic (TSXV:BECN) 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.

BEACN Wizardry & Magic's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.536	/	1.795
	=	0.30

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.

BEACN Wizardry & Magic's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.795	/	0.887
	=	2.02

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.

BEACN Wizardry & Magic Days Inventory Related Terms

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

BEACN Wizardry & Magic (TSXV:BECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BEACN Wizardry & Magic Inc (TSXV:BECN) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

3450 Uptown Boulevard, Suite 301, Victoria, BC, CAN, V8Z 0B9

Website

BEACN Wizardry & Magic Inc develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and?Beacn Mix Create. The group has two reportable geographic segments namely North America and Other.