Days Inventory is also known as Days Sales of Inventory (DSI). Safety Shot's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.45 Mil. Safety Shot's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $0.18 Mil.
Hence, Safety Shot's Days Inventory for the
three
months ended in Dec. 2023 was 226.85.
The historical rank and industry rank for Safety Shot's Days Inventory or its related term are showing as below:
SHOT'
s Days Inventory Range Over the Past 10 Years
Min: 40.3 Med: 254.72 Max: 2737.5
Current: 40.3
During the past 6 years, Safety Shot's highest Days Inventory was 2737.50. The lowest was 40.30. And the median was 254.72.
SHOT's Days Inventory is ranked better than 79.82% of 109
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 67.25
vs SHOT: 40.30
Safety Shot's Days Inventory
increased
from Dec. 2022 (108.24) to Dec. 2023 (226.85).
It might indicate that Safety Shot's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Safety Shot's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.40.
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.
Safety Shot's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 3.35.
Safety Shot Days Inventory Historical Data
The historical data trend for Safety Shot'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.
Competitive Comparison of Safety Shot's Days Inventory
For the Beverages - Non-Alcoholic subindustry, Safety Shot'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.
Safety Shot's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Safety Shot's Days Inventory distribution charts can be found below:
* The bar in red indicates where Safety Shot's Days Inventory falls into.
Safety Shot Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Safety Shot's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Safety Shot (NAS:SHOT) 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.
Safety Shot's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Safety Shot's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Safety Shot Days Inventory Related Terms
Thank you for viewing the detailed overview of Safety Shot's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Safety Shot Inc is a wellness and functional beverage company. It is set to launch Safety Shot, the patented beverage that helps people feel better faster by reducing blood alcohol content and boosting clarity.
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