Hire Technologies (Hire Technologies) Days Inventory : 0.00 (As of Sep. 2022)

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What is Hire Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hire Technologies's Average Total Inventories for the three months ended in Sep. 2022 was $0.00 Mil. Hire Technologies's Cost of Goods Sold for the three months ended in Sep. 2022 was $3.18 Mil. Hence, Hire Technologies's Days Inventory for the three months ended in Sep. 2022 was 0.00.

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

HIRRF's Days Inventory is not ranked ^*
in the Business Services industry.
Industry Median: 29.67
* Ranked among companies with meaningful Days Inventory only.

Hire Technologies's Days Inventory stayed the same from Sep. 2021 (0.00) to Sep. 2022 (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. Hire Technologies's Inventory-to-Revenue for the three months ended in Sep. 2022 was 0.00.

Hire Technologies Days Inventory Historical Data

The historical data trend for Hire 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.

* Premium members only.

Hire Technologies Days Inventory Chart

Hire Technologies Annual Data

Trend

Mar18

Mar19

Dec20

Dec21

Days Inventory

Hire Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial														-	-	-	-	-

Competitive Comparison of Hire Technologies's Days Inventory

For the Staffing & Employment Services subindustry, Hire 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.

Hire Technologies's Days Inventory Distribution in the Business Services Industry

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

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

Hire Technologies Days Inventory Calculation

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

Hire Technologies's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	12.128	*	365
=	0					/	12.128	*	365
=	0.00

Hire Technologies's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.176	*	365 / 4
=	0					/	3.176	*	365 / 4
=	0.00

Hire Technologies (OTCPK:HIRRF) 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.

Hire Technologies's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.176	/	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.

Hire Technologies's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	5.775
	=	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.

Hire Technologies Days Inventory Related Terms

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

Hire Technologies (Hire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hire Technologies Inc (OTCPK:HIRRF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Adelaide Street East, Suite 400, Toronto, ON, CAN, M5C 1K6

Website

https://www.hire.company

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms. The company provides cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth. The company considers its operations to consist of a single reportable segment. The segment derives its revenue from the provision of recruitment and related HR services to customers. All operations occur in Canada.