BCNWF (Bitcoin Well) Days Inventory : 4.08 (As of Sep. 2024)

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What is Bitcoin Well Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bitcoin Well's Average Total Inventories for the three months ended in Sep. 2024 was $0.66 Mil. Bitcoin Well's Cost of Goods Sold for the three months ended in Sep. 2024 was $14.84 Mil. Hence, Bitcoin Well's Days Inventory for the three months ended in Sep. 2024 was 4.08.

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

BCNWF' s Days Inventory Range Over the Past 10 Years
Min: 2.46 Med: 4.79 Max: 20.48
Current: 4

During the past 5 years, Bitcoin Well's highest Days Inventory was 20.48. The lowest was 2.46. And the median was 4.79.

BCNWF's Days Inventory is ranked better than
81% of 221 companies
in the Capital Markets industry
Industry Median: 68.16 vs BCNWF: 4.00

Bitcoin Well's Days Inventory increased from Sep. 2023 (2.95) to Sep. 2024 (4.08). It might indicate that Bitcoin Well's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bitcoin Well's Inventory Turnover for the three months ended in Sep. 2024 was 22.35.

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. Bitcoin Well's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.04.

Bitcoin Well Days Inventory Historical Data

The historical data trend for Bitcoin Well'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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Bitcoin Well Days Inventory Chart

Bitcoin Well Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

2.46

20.47

10.24

3.25

4.76

Bitcoin Well Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															2.95	3.39	5.15	4.18	4.08

Competitive Comparison of Bitcoin Well's Days Inventory

For the Capital Markets subindustry, Bitcoin Well'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.

Bitcoin Well's Days Inventory Distribution in the Capital Markets Industry

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

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

Bitcoin Well Days Inventory Calculation

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

Bitcoin Well'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
=	( (0.523	+	0.443)	/	2 )	/	37.05	*	365
=	0.483					/	37.05	*	365
=	4.76

Bitcoin Well's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.678	+	0.65)	/	2 )	/	14.842	*	365 / 4
=	0.664					/	14.842	*	365 / 4
=	4.08

Bitcoin Well (OTCPK:BCNWF) 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.

Bitcoin Well's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.842	/	0.664
	=	22.35

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.

Bitcoin Well's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.664	/	15.51
	=	0.04

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.

Bitcoin Well Days Inventory Related Terms

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

Bitcoin Well Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Well Inc (OTCPK:BCNWF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BTCW:Canada

Address

10142 82 Avenue NW, Suite 1900, Edmonton, AB, CAN, T6E 1Z4

Website

https://www.bitcoinwell.com

Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services. The company operates two business units, consisting of (i) Bitcoin ATMs and (ii) the Online Bitcoin Portal. The Bitcoin ATM business unit operates a fleet of over 180 Bitcoin ATM machines placed and operating throughout Canada.