DVNCF (Danavation Technologies) Days Inventory: 46.65 (As of Jan. 2024)

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What is Danavation Technologies Days Inventory?

Danavation Technologies DVNCF -99.95% Days Inventory is 46.65 as of Jan. 2024.

Days Inventory is also known as Days Sales of Inventory (DSI). Danavation Technologies's Average Total Inventories for the three months ended in Jan. 2024 was $0.19 Mil. Danavation Technologies's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.36 Mil. Hence, Danavation Technologies's Days Inventory for the three months ended in Jan. 2024 was 46.65.

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

DVNCF's Days Inventory is not ranked *
in the Software industry.
Industry Median: 19.645
* Ranked among companies with meaningful Days Inventory only.

Danavation Technologies's Days Inventory increased from Jan. 2023 (37.21) to Jan. 2024 (46.65). It might indicate that Danavation Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Danavation Technologies's Inventory Turnover for the three months ended in Jan. 2024 was 1.96.

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. Danavation Technologies's Inventory-to-Revenue for the three months ended in Jan. 2024 was 13.16.


Danavation Technologies  (OTCPK:DVNCF) 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.

Danavation Technologies's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.36192657634805 / 0.18502994039434
=1.96

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.

Danavation Technologies's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.18502994039434 / 0.01405651404646
=13.16

* 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.


Danavation Technologies Days Inventory Related Terms


Danavation Technologies Days Inventory Historical Data

* Premium members only.

The historical data trend for Danavation Technologies'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.

Danavation Technologies Days Inventory Chart

Danavation Technologies Annual Data
Trend Dec12 Dec13 Dec16 Dec17 Dec18 Dec19 Dec20 Jul21 Jul22 Jul23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 12.86 28.22 39.22

Danavation Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.21 43.66 32.74 28.85 46.65

DVNCF vs PRST, BOMO, BZWR: Days Inventory Comparison

For the Software - Application subindustry, Danavation Technologies'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.


Danavation Technologies Days Inventory vs Software Industry

For the Software industry and Technology sector, Danavation Technologies's Days Inventory distribution charts can be found below:

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



Danavation Technologies Days Inventory Calculation

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

Danavation Technologies's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

Days Inventory (A: Jul. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jul. 2022 ) + Total Inventories (A: Jul. 2023 )) / count ) / Cost of Goods Sold (A: Jul. 2023 )*Days in Period
=( (0.3543590744137 + 0.19310997150997) / 2 ) / 2.5476227087435*365
=0.27373452296183 / 2.5476227087435*365
=39.22

Danavation Technologies's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

Days Inventory (Q: Jan. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Oct. 2023 ) + Total Inventories (Q: Jan. 2024 )) / count ) / Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=( (0.18148460291734 + 0.18857527787134) / 2 ) / 0.36192657634805*365 / 4
=0.18502994039434 / 0.36192657634805*365 / 4
=46.65

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 46.65 mean?
Danavation Technologies (DVNCF) has a Days Inventory of 46.65 as of Jan. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Danavation Technologies and its competitors.
Is Danavation Technologies' Days Inventory too high?
Danavation Technologies' current Days Inventory is 46.65. The Software industry median Days Inventory is 19.65. Danavation Technologies' value of 46.65 is 137.5% above this industry median.
How does Danavation Technologies' Days Inventory compare to PRST and BOMO?
Danavation Technologies' Days Inventory of 46.65 can be compared against companies in the Software industry. The industry median Days Inventory is 19.65. Danavation Technologies' value of 46.65 is 137.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Software company?
The median Days Inventory among Software companies is 19.65, based on 1,670 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Danavation Technologies's current Days Inventory of 46.65 is 137.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Danavation Technologies and its competitors. For the Software industry, the median Days Inventory is 19.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Danavation Technologies's current Days Inventory is 46.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Danavation Technologies stock overvalued right now?
Danavation Technologies (DVNCF) has a current Days Inventory of 46.65. The current Days Inventory is 46.65 and 137.5% above the Software industry median of 19.65. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Danavation Technologies (DVNCF), the current Days Inventory is 46.65 as of Jan. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Danavation Technologies Business Description

Address 21 Roybridge Gate, Woodbridge, Vaughan, ON, CAN, L4H 1E6
Danavation Technologies Corp is an internet of things(IoT) technology company, that provides micro e-paper displays to organizations across North America. The company's Digital Smart Labels, powered by IoT automation technology and software Platform-as-a-Service, enables companies across various sectors to automate labelling, price, product, and promotions in real-time, enhancing data accuracy and improving performance by removing high labour costs and low productivity associated with traditional labour-intensive workflows. The primary revenue streams are; Hardware, Installation and configuration and Software agreements.