PowerBand Solutions (PowerBand Solutions) Days Inventory : 0.00 (As of Sep. 2023)

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What is PowerBand Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PowerBand Solutions's Average Total Inventories for the three months ended in Sep. 2023 was $0.00 Mil. PowerBand Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.22 Mil. Hence, PowerBand Solutions's Days Inventory for the three months ended in Sep. 2023 was 0.00.

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

PWWBF' s Days Inventory Range Over the Past 10 Years
Min: 0.37 Med: 11.5 Max: 66.04
Current: 66.04

During the past 13 years, PowerBand Solutions's highest Days Inventory was 66.04. The lowest was 0.37. And the median was 11.50.

PWWBF's Days Inventory is ranked worse than
72.09% of 1562 companies
in the Software industry
Industry Median: 19.44 vs PWWBF: 66.04

PowerBand Solutions's Days Inventory declined from Sep. 2022 (55.30) to Sep. 2023 (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. PowerBand Solutions's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

PowerBand Solutions Days Inventory Historical Data

The historical data trend for PowerBand Solutions'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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PowerBand Solutions Days Inventory Chart

PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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38.18

22.02

0.36

0.41

PowerBand Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															55.30	61.47	-	-	-

Competitive Comparison of PowerBand Solutions's Days Inventory

For the Software - Application subindustry, PowerBand Solutions'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.

PowerBand Solutions's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, PowerBand Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where PowerBand Solutions's Days Inventory falls into.

PowerBand Solutions Days Inventory Calculation

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

PowerBand Solutions's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.005	+	0)	/	1 )	/	4.503	*	365
=	0.005					/	4.503	*	365
=	0.41

PowerBand Solutions's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.223	*	365 / 4
=	0					/	0.223	*	365 / 4
=	0.00

PowerBand Solutions (OTCPK:PWWBF) 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.

PowerBand Solutions's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.223	/	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.

PowerBand Solutions's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.41
	=	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.

PowerBand Solutions Days Inventory Related Terms

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

PowerBand Solutions (PowerBand Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (OTCPK:PWWBF) » Definitions » Days Inventory

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Traded in Other Exchanges

PBX:Canada

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.