Computer Modelling Group (TSX:CMG) Days Inventory : 0.00 (As of Dec. 2023)

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What is Computer Modelling Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Computer Modelling Group's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Computer Modelling Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$6.36 Mil. Hence, Computer Modelling Group's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Computer Modelling Group's Days Inventory or its related term are showing as below:

TSX:CMG's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 19.64
* Ranked among companies with meaningful Days Inventory only.

Computer Modelling Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 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. Computer Modelling Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Computer Modelling Group Days Inventory Historical Data

The historical data trend for Computer Modelling Group'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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Computer Modelling Group Days Inventory Chart

Computer Modelling Group Annual Data

Trend

Mar14

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Mar20

Mar21

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Mar23

Days Inventory

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Computer Modelling Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Computer Modelling Group's Days Inventory

For the Software - Application subindustry, Computer Modelling Group'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.

Computer Modelling Group's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Computer Modelling Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Computer Modelling Group's Days Inventory falls into.

Computer Modelling Group Days Inventory Calculation

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

Computer Modelling Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

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

Computer Modelling Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	6.356	*	365 / 4
=	0					/	6.356	*	365 / 4
=	0.00

Computer Modelling Group (TSX:CMG) 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.

Computer Modelling Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.356	/	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.

Computer Modelling Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	33.007
	=	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.

Computer Modelling Group Days Inventory Related Terms

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Computer Modelling Group (TSX:CMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer Modelling Group Ltd (TSX:CMG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CMDXF:USA

Address

3710 33 Street N.W., Calgary, AB, CAN, T2L 2M1

Website

https://www.cmgl.ca

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in Americas, Europe, Middle East, Africa, and Asia-Pacific regions.

Executives

Robert David Hicks

Senior Officer