NextGen Food Robotics (NEOE:NGRB) Days Inventory : 0.00 (As of Jan. 2024)

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What is NextGen Food Robotics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NextGen Food Robotics's Average Total Inventories for the three months ended in Jan. 2024 was C$0.00 Mil. NextGen Food Robotics's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.08 Mil. Hence, NextGen Food Robotics's Days Inventory for the three months ended in Jan. 2024 was 0.00.

The historical rank and industry rank for NextGen Food Robotics's Days Inventory or its related term are showing as below:

NEOE:NGRB's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 83.685
* Ranked among companies with meaningful Days Inventory only.

NextGen Food Robotics's Days Inventory stayed the same from Jan. 2023 (0.00) to Jan. 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. NextGen Food Robotics's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.00.

NextGen Food Robotics Days Inventory Historical Data

The historical data trend for NextGen Food Robotics'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.

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NextGen Food Robotics Days Inventory Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

Days Inventory

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of NextGen Food Robotics's Days Inventory

For the Packaged Foods subindustry, NextGen Food Robotics'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.

NextGen Food Robotics's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NextGen Food Robotics's Days Inventory distribution charts can be found below:

* The bar in red indicates where NextGen Food Robotics's Days Inventory falls into.

NextGen Food Robotics Days Inventory Calculation

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

NextGen Food Robotics's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as

	Days Inventory (A: Apr. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.25	*	365
=	0					/	0.25	*	365
=	0.00

NextGen Food Robotics'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	+	0)	/	1 )	/	0.084	*	365 / 4
=	0					/	0.084	*	365 / 4
=	0.00

NextGen Food Robotics (NEOE:NGRB) 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.

NextGen Food Robotics's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.084	/	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.

NextGen Food Robotics's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.064
	=	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.

NextGen Food Robotics Days Inventory Related Terms

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

NextGen Food Robotics (NEOE:NGRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (NEOE:NGRB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NGRBF:USA O83:Germany

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

NextGen Food Robotics (NEOE:NGRB) Headlines

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