Avante (TSXV:XX) Days Inventory

: 24.38 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Avante's Average Total Inventories for the three months ended in Dec. 2023 was C$1.07 Mil. Avante's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.99 Mil. Hence, Avante's Days Inventory for the three months ended in Dec. 2023 was 24.38.

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

TSXV:XX' s Days Inventory Range Over the Past 10 Years
Min: 16.23 Med: 40.76 Max: 64.42
Current: 35.02

During the past 13 years, Avante's highest Days Inventory was 64.42. The lowest was 16.23. And the median was 40.76.

TSXV:XX's Days Inventory is ranked worse than
53.74% of 681 companies
in the Business Services industry
Industry Median: 29.12 vs TSXV:XX: 35.02

Avante's Days Inventory declined from Sep. 2022 (27.39) to Dec. 2023 (24.38).

Inventory Turnover measures how fast the company turns over its inventory within a year. Avante's Inventory Turnover for the three months ended in Dec. 2023 was 3.74.

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. Avante's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.

Avante Days Inventory Historical Data

The historical data trend for Avante'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.

Avante Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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25.37

16.23

64.42

45.22

28.75

Avante Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															27.39	30.52	26.20	29.04	24.38

Competitive Comparison

For the Security & Protection Services subindustry, Avante'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.

Avante Days Inventory Distribution

For the Business Services industry and Industrials sector, Avante's Days Inventory distribution charts can be found below:

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

Avante Days Inventory Calculation

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

Avante's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.936	+	0.929)	/	2 )	/	11.838	*	365
=	0.9325					/	11.838	*	365
=	28.75

Avante's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.122	+	1.012)	/	2 )	/	3.993	*	365 / 4
=	1.067					/	3.993	*	365 / 4
=	24.38

Avante (TSXV:XX) 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.

Avante's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.993	/	1.067
	=	3.74

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.

Avante's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.067	/	6.941
	=	0.15

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.

Avante Days Inventory Related Terms

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

Avante (TSXV:XX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avante Corp (TSXV:XX) » Definitions » Days Inventory

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Traded in Other Exchanges

ALXXF:USA

Address

1959 Leslie Street, Toronto, ON, CAN, M3B 2M3

Website

https://www.avantelogixx.com

Avante Corp is engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Avante security. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of technology and client service.

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