Neptune Digital Assets (TSXV:NDA) Days Inventory : 0.00 (As of Feb. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Neptune Digital Assets Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Neptune Digital Assets's Average Total Inventories for the three months ended in Feb. 2024 was C$0.00 Mil. Neptune Digital Assets's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.37 Mil. Hence, Neptune Digital Assets's Days Inventory for the three months ended in Feb. 2024 was 0.00.

The historical rank and industry rank for Neptune Digital Assets's Days Inventory or its related term are showing as below:

During the past 5 years, Neptune Digital Assets's highest Days Inventory was 20456.40. The lowest was 710.86. And the median was 3411.45.

TSXV:NDA's Days Inventory is not ranked ^*
in the Capital Markets industry.
Industry Median: 58.365
* Ranked among companies with meaningful Days Inventory only.

Neptune Digital Assets's Days Inventory stayed the same from Feb. 2023 (0.00) to Feb. 2024 (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. Neptune Digital Assets's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.00.

Neptune Digital Assets Days Inventory Historical Data

The historical data trend for Neptune Digital Assets'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.

Neptune Digital Assets Days Inventory Chart

Neptune Digital Assets Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Days Inventory

6,095.50

20,456.40

727.40

710.86

Neptune Digital Assets Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Neptune Digital Assets's Days Inventory

For the Capital Markets subindustry, Neptune Digital Assets'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.

Neptune Digital Assets's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Neptune Digital Assets's Days Inventory distribution charts can be found below:

* The bar in red indicates where Neptune Digital Assets's Days Inventory falls into.

Neptune Digital Assets Days Inventory Calculation

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

Neptune Digital Assets's Days Inventory for the fiscal year that ended in Aug. 2023 is calculated as

	Days Inventory (A: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (4.495	+	0)	/	1 )	/	2.308	*	365
=	4.495					/	2.308	*	365
=	710.86

Neptune Digital Assets's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.371	*	365 / 4
=	0					/	0.371	*	365 / 4
=	0.00

Neptune Digital Assets (TSXV:NDA) 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.

Neptune Digital Assets's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.371	/	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.

Neptune Digital Assets's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.634
	=	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.

Neptune Digital Assets Days Inventory Related Terms

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

Neptune Digital Assets (TSXV:NDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Neptune Digital Assets Corp (TSXV:NDA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NPPTF:USA 1NW:Germany

Address

1133 Melville Street, The Stack, Suite 2700, Vancouver, BC, CAN, V6E 4E5

Website

https://www.neptunedigitalassets.com

Neptune Digital Assets Corp is engaged in the business that building, owning, and operating digital currency infrastructure assets. Its core assets are Bitcoin mining equipment and Digital currencies and its primary business model is to generate Bitcoin. Its ancillary activities include staking and lending various digital currencies to earn interest and staking rewards. It operates in Canada and the United States.

Neptune Digital Assets (TSXV:NDA) Headlines

No Headlines