Days Inventory is also known as Days Sales of Inventory (DSI). Fomo Worldwide's Average Total Inventories for the
three
months ended in Mar. 2024 was $0.08 Mil. Fomo Worldwide's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $0.08 Mil.
Hence, Fomo Worldwide's Days Inventory for the
three
months ended in Mar. 2024 was 83.65.
The historical rank and industry rank for Fomo Worldwide's Days Inventory or its related term are showing as below:
IGOT's Days Inventory is not ranked *
in the Asset Management industry.
Industry Median: 80.72 * Ranked among companies with meaningful Days Inventory only.
Fomo Worldwide's Days Inventory
increased
from Mar. 2023 (74.01) to Mar. 2024 (83.65).
It might indicate that Fomo Worldwide's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Fomo Worldwide's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.09.
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.
Fomo Worldwide's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.49.
Fomo Worldwide (OTCPK:IGOT) 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.
Fomo Worldwide's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Fomo Worldwide's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
Fomo Worldwide Days Inventory Related Terms
Fomo Worldwide Days Inventory Historical Data
* Premium members only.
The historical data trend for Fomo Worldwide'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.
For the Asset Management subindustry, Fomo Worldwide'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.
Fomo Worldwide Days Inventory vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fomo Worldwide's Days Inventory distribution charts can be found below:
* The bar in red indicates where Fomo Worldwide's Days Inventory falls into.
* 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.
Fomo Worldwide (IGOT) has a Days Inventory of 83.65 as of Mar. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Fomo Worldwide and its competitors.
Is Fomo Worldwide's Days Inventory too high?
Fomo Worldwide's current Days Inventory is 83.65. The Asset Management industry median Days Inventory is 80.72. Fomo Worldwide's value of 83.65 is 3.6% above this industry median.
How does Fomo Worldwide's Days Inventory compare to TNRG and BLK?
Fomo Worldwide's Days Inventory of 83.65 can be compared against companies in the Asset Management industry. The industry median Days Inventory is 80.72. Fomo Worldwide's value of 83.65 is 3.6% 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 an Asset Management company?
The median Days Inventory among Asset Management companies is 80.72, based on 167 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. Fomo Worldwide's current Days Inventory of 83.65 is 3.6% 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 Fomo Worldwide and its competitors. For the Asset Management industry, the median Days Inventory is 80.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fomo Worldwide's current Days Inventory is 83.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomo Worldwide stock overvalued right now?
Fomo Worldwide (IGOT) has a current Days Inventory of 83.65. The current Days Inventory is 83.65 and 3.6% above the Asset Management industry median of 80.72. 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 Fomo Worldwide (IGOT), the current Days Inventory is 83.65 as of Mar. 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.
Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.
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