INVRF (Inverite Insights) Days Inventory : 0.00 (As of Dec. 2024)

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What is Inverite Insights Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Inverite Insights's Average Total Inventories for the three months ended in Dec. 2024 was $0.00 Mil. Inverite Insights's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.22 Mil. Hence, Inverite Insights's Days Inventory for the three months ended in Dec. 2024 was 0.00.

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

INVRF's Days Inventory is not ranked ^*
in the Credit Services industry.
Industry Median: 47.2
* Ranked among companies with meaningful Days Inventory only.

Inverite Insights's Days Inventory stayed the same from Jun. 2023 (0.00) to Dec. 2024 (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. Inverite Insights's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.00.

Inverite Insights Days Inventory Historical Data

The historical data trend for Inverite Insights'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.

Inverite Insights Days Inventory Chart

Inverite Insights Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

Inverite Insights Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Inverite Insights's Days Inventory

For the Credit Services subindustry, Inverite Insights'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.

Inverite Insights's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Inverite Insights's Days Inventory distribution charts can be found below:

* The bar in red indicates where Inverite Insights's Days Inventory falls into.

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Inverite Insights Days Inventory Calculation

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

Inverite Insights'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 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Inverite Insights's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.222	*	365 / 4
=	0					/	0.222	*	365 / 4
=	0.00

Inverite Insights (OTCPK:INVRF) 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.

Inverite Insights's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.222	/	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.

Inverite Insights's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.218
	=	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.

Inverite Insights Days Inventory Related Terms

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Inverite Insights Business Description

Industry

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INVR:Canada

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2.

Website

https://www.inverite.com

Inverite Insights Inc provides AI-driven software focusing on real-time financial data, which empowers business lenders and financial institutions to transact effectively for data enrichment, identify-KYC, risk management, and compliance. The company operates a cloud-based transactional and Risk Model as a Service (RMaaS) platform; and offers open banking and consumer-directed finance solutions, including banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and know-your-client/anti-money laundering purposes.