BYND Cannasoft Enterprises (XCNQ:BYND) Days Inventory : 0.00 (As of Dec. 2023)

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What is BYND Cannasoft Enterprises Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BYND Cannasoft Enterprises's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. BYND Cannasoft Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.26 Mil. Hence, BYND Cannasoft Enterprises's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

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

BYND Cannasoft Enterprises's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (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. BYND Cannasoft Enterprises's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

BYND Cannasoft Enterprises Days Inventory Historical Data

The historical data trend for BYND Cannasoft Enterprises'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.

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BYND Cannasoft Enterprises Days Inventory Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of BYND Cannasoft Enterprises's Days Inventory

For the Software - Infrastructure subindustry, BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, BYND Cannasoft Enterprises's Days Inventory distribution charts can be found below:

* The bar in red indicates where BYND Cannasoft Enterprises's Days Inventory falls into.

BYND Cannasoft Enterprises Days Inventory Calculation

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

BYND Cannasoft Enterprises's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.678	*	365
=	0					/	0.678	*	365
=	0.00

BYND Cannasoft Enterprises'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
=	( (0	+	0)	/	1 )	/	0.26	*	365 / 4
=	0					/	0.26	*	365 / 4
=	0.00

BYND Cannasoft Enterprises (XCNQ:BYND) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.26	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.203
	=	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.

BYND Cannasoft Enterprises Days Inventory Related Terms

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

BYND Cannasoft Enterprises (XCNQ:BYND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (XCNQ:BYND) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BCAN:USA

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.