PMEDF (Predictmedix AI) Days Inventory : 0.00 (As of Jul. 2024)

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What is Predictmedix AI Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Predictmedix AI's Average Total Inventories for the three months ended in Jul. 2024 was $0.00 Mil. Predictmedix AI's Cost of Goods Sold for the three months ended in Jul. 2024 was $0.00 Mil.

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

PMEDF's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 185.305
* Ranked among companies with meaningful Days Inventory only.

Predictmedix AI's Days Inventory stayed the same from Oct. 2022 (0.00) to Jul. 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.

Predictmedix AI Days Inventory Historical Data

The historical data trend for Predictmedix AI'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.

Predictmedix AI Days Inventory Chart

Predictmedix AI Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Days Inventory

Predictmedix AI Quarterly Data
	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jul24
Days Inventory	Get a 7-Day Free Trial														-	-	-	-	-

Competitive Comparison of Predictmedix AI's Days Inventory

For the Medical Devices subindustry, Predictmedix AI'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.

Predictmedix AI's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Predictmedix AI's Days Inventory distribution charts can be found below:

* The bar in red indicates where Predictmedix AI's Days Inventory falls into.

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Predictmedix AI Days Inventory Calculation

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

Predictmedix AI's Days Inventory for the fiscal year that ended in Jan. 2023 is calculated as

	Days Inventory (A: Jan. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.006	*	365
=	0					/	0.006	*	365
=	0.00

Predictmedix AI's Days Inventory for the quarter that ended in Jul. 2024 is calculated as:

	Days Inventory (Q: Jul. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Predictmedix AI (OTCPK:PMEDF) 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.

Predictmedix AI's Inventory Turnover for the three months ended in Jul. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	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.

Predictmedix AI's Inventory to Revenue for the three months ended in Jul. 2024 is calculated as

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

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.

Predictmedix AI Days Inventory Related Terms

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

Predictmedix AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Predictmedix AI Inc (OTCPK:PMEDF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

3QP0:Germany PMED:Canada

Address

77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8

Website

https://www.predictmedix.com

Predictmedix AI Inc provides rapid health screening and remote patient care solutions globally. The company's Safe Entry Stations are powered by a proprietary artificial intelligence (AI) that uses multispectral cameras to analyze physiological data patterns and predict a variety of health issues including infectious diseases such as COVID-19, impairment by drugs or alcohol, fatigue or various mental illnesses.