SKKY (Skkynet Cloud Systems) Days Inventory : 0.00 (As of Jul. 2024)

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What is Skkynet Cloud Systems Days Inventory?

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

The historical rank and industry rank for Skkynet Cloud Systems's Days Inventory or its related term are showing as below:

During the past 13 years, Skkynet Cloud Systems's highest Days Inventory was 125.47. The lowest was 39.92. And the median was 119.02.

SKKY's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.72
* Ranked among companies with meaningful Days Inventory only.

Skkynet Cloud Systems's Days Inventory stayed the same from Jul. 2023 (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. Skkynet Cloud Systems's Inventory-to-Revenue for the three months ended in Jul. 2024 was 0.00.

Skkynet Cloud Systems Days Inventory Historical Data

The historical data trend for Skkynet Cloud Systems'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.

Skkynet Cloud Systems Days Inventory Chart

Skkynet Cloud Systems Annual Data

Trend

Oct14

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Days Inventory

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Skkynet Cloud Systems Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Skkynet Cloud Systems's Days Inventory

For the Software - Infrastructure subindustry, Skkynet Cloud Systems'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.

Skkynet Cloud Systems's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Skkynet Cloud Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Skkynet Cloud Systems's Days Inventory falls into.

Skkynet Cloud Systems Days Inventory Calculation

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

Skkynet Cloud Systems's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

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

Skkynet Cloud Systems'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: Apr. 2024 )	+	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

Skkynet Cloud Systems (OTCPK:SKKY) 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.

Skkynet Cloud Systems'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.

Skkynet Cloud Systems's Inventory to Revenue for the three months ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.666
	=	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.

Skkynet Cloud Systems Days Inventory Related Terms

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

Skkynet Cloud Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Skkynet Cloud Systems Inc (OTCPK:SKKY) » Definitions » Days Inventory

Comparable Companies

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Traded in Other Exchanges

N/A

Address

2233 Argentina Road, Suite 302, Mississauga, ON, CAN, L5N 2X7

Website

https://www.skkynet.com

Skkynet Cloud Systems Inc is an industrial middleware vendor company. It provides connectivity and data acquisition to a wide variety of industrial and office hardware and software products. The company's Skkynet Connected Systems platform includes the DataHub and Embedded Toolkit software. The company provides three types of cloud services: remotely hosted cloud systems and locally hosted cloud systems or a hybrid of the two. The business serves North America, Europe, Asia Pacific, South America and other regions.

Executives

Andrew S Thomas	director, 10 percent owner, officer: Chief Executive Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Paul Benford	director, 10 percent owner, officer: Chief Operating Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Lowell Thomas Holden	officer: Chief Financial Officer	631 US HWY 1, SUITE 407, NORTH PALM BEACH FL 33408
Paul E Thomas	director, 10 percent owner, officer: President	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Xavier Eric Mesrobian	officer: VP Sales and Marketing	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
John X Adiletta	director	51 BOULDERWOOD DRIVE, BERNARDSVILLE NJ 07924
Kenneth W. Jennings	director	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Norman Evans	director	5650 TOMKEN RD., UNIT 16, MISSISSAUGA A6 L4W 4P1
Michael R Thomas	other: Advisor	2233 ARGENTIA ROAD, SUITE 306, MISSISSAUGA A6 L5N 2X7