Hapbee Technologies (TSXV:HAPB) Days Inventory : 1,500.99 (As of Sep. 2024)

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What is Hapbee Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hapbee Technologies's Average Total Inventories for the three months ended in Sep. 2024 was C$0.97 Mil. Hapbee Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.06 Mil. Hence, Hapbee Technologies's Days Inventory for the three months ended in Sep. 2024 was 1,500.99.

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

TSXV:HAPB' s Days Inventory Range Over the Past 10 Years
Min: 20.95 Med: 77.69 Max: 667.71
Current: 667.71

During the past 5 years, Hapbee Technologies's highest Days Inventory was 667.71. The lowest was 20.95. And the median was 77.69.

TSXV:HAPB's Days Inventory is ranked worse than
98.32% of 2386 companies
in the Hardware industry
Industry Median: 96.04 vs TSXV:HAPB: 667.71

Hapbee Technologies's Days Inventory increased from Sep. 2023 (254.41) to Sep. 2024 (1,500.99). It might indicate that Hapbee Technologies's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hapbee Technologies's Inventory Turnover for the three months ended in Sep. 2024 was 0.06.

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. Hapbee Technologies's Inventory-to-Revenue for the three months ended in Sep. 2024 was 4.73.

Hapbee Technologies Days Inventory Historical Data

The historical data trend for Hapbee Technologies'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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Hapbee Technologies Days Inventory Chart

Hapbee Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

20.95

45.85

109.53

139.09

Hapbee Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															254.41	140.97	547.50	1,184.39	1,500.99

Competitive Comparison of Hapbee Technologies's Days Inventory

For the Consumer Electronics subindustry, Hapbee Technologies'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.

Hapbee Technologies's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hapbee Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hapbee Technologies's Days Inventory falls into.

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Hapbee Technologies Days Inventory Calculation

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

Hapbee Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.355	+	0.209)	/	2 )	/	0.74	*	365
=	0.282					/	0.74	*	365
=	139.09

Hapbee Technologies's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.917	+	1.024)	/	2 )	/	0.059	*	365 / 4
=	0.9705					/	0.059	*	365 / 4
=	1,500.99

Hapbee Technologies (TSXV:HAPB) 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.

Hapbee Technologies's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.059	/	0.9705
	=	0.06

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.

Hapbee Technologies's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9705	/	0.205
	=	4.73

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.

Hapbee Technologies Days Inventory Related Terms

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

Hapbee Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hapbee Technologies Inc (TSXV:HAPB) » Definitions » Days Inventory

Traded in Other Exchanges

HAPBF:USA HA1:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.hapbee.com

Hapbee Technologies Inc is engaged in developing and marketing wearable fitness and wellness products. The company's core product, Hapbee Wearable Wellness Product, is a wearable device that allows wearers to choose how they feel by producing a variety of sensations by playing precise electromagnetic fields. The sensations fall under several broad categories such as Happy, Alert, Relax, Calm, Sleepy, and Focus.

Hapbee Technologies Headlines

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