CRTG (The Coretec Group) Days Inventory: (As of Jun. 2024)

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What is The Coretec Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). The Coretec Group's Average Total Inventories for the three months ended in Jun. 2024 was $0.00 Mil. The Coretec Group's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.02 Mil. Hence, The Coretec Group's Days Inventory for the three months ended in Jun. 2024 was 0.00.

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

CRTG's Days Inventory is not ranked *
in the Hardware industry.
Industry Median: 96.385
* Ranked among companies with meaningful Days Inventory only.

The Coretec Group's Days Inventory stayed the same from Jun. 2023 () to Jun. 2024 ().

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.

The Coretec Group  (OTCPK:CRTG) 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.

The Coretec Group's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.024617 / 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.

The Coretec Group's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

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

* 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.

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.

The Coretec Group Days Inventory Related Terms

The Coretec Group Days Inventory Historical Data

* Premium members only.

The historical data trend for The Coretec Group'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.

The Coretec Group Days Inventory Chart

The Coretec Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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The Coretec Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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CRTG vs ITOX, ANET, DELL: Days Inventory Comparison

For the Computer Hardware subindustry, The Coretec Group'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.

The Coretec Group Days Inventory vs Hardware Industry

For the Hardware industry and Technology sector, The Coretec Group's Days Inventory distribution charts can be found below:

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


The Coretec Group Days Inventory Calculation

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

The Coretec Group'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 ) / 0.095133*365
=0 / 0.095133*365
=0.00

The Coretec Group's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.024617*365 / 4
=0 / 0.024617*365 / 4
=0.00

* 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.

The Coretec Group Business Description

Address 333 Jackson Plaza, Suite 460, Ann Arbor, MI, USA, 48103
The Coretec Group Inc is a technology company. The company is currently developing, testing, and providing new and improved technologies, products, and service solutions for energy-related industries, including oil/gas, renewable energy, and distributed energy industries. Many of these technologies and products also have applications for medical, electronic, photonic, display, and lighting markets. The company's product portfolio includes Endurion, Coretec HexaSilane, CSpace, and other Technologies which are based on the production of silicon products.