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Plurilock Security (TSXV:PLUR) Days Inventory : 10.55 (As of Dec. 2023)


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What is Plurilock Security Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Plurilock Security's Average Total Inventories for the three months ended in Dec. 2023 was C$2.49 Mil. Plurilock Security's Cost of Goods Sold for the three months ended in Dec. 2023 was C$21.50 Mil. Hence, Plurilock Security's Days Inventory for the three months ended in Dec. 2023 was 10.55.

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

TSXV:PLUR' s Days Inventory Range Over the Past 10 Years
Min: 3.21   Med: 6.17   Max: 7.85
Current: 7.1

During the past 5 years, Plurilock Security's highest Days Inventory was 7.85. The lowest was 3.21. And the median was 6.17.

TSXV:PLUR's Days Inventory is ranked better than
66.99% of 1560 companies
in the Software industry
Industry Median: 19.44 vs TSXV:PLUR: 7.10

Plurilock Security's Days Inventory increased from Dec. 2022 (6.32) to Dec. 2023 (10.55). It might indicate that Plurilock Security's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Plurilock Security's Inventory Turnover for the three months ended in Dec. 2023 was 8.65.

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. Plurilock Security's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.


Plurilock Security Days Inventory Historical Data

The historical data trend for Plurilock Security'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.

Plurilock Security Days Inventory Chart

Plurilock Security Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
- - 7.85 3.21 6.17

Plurilock Security Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.32 3.15 4.16 8.53 10.55

Competitive Comparison of Plurilock Security's Days Inventory

For the Software - Infrastructure subindustry, Plurilock Security'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.


Plurilock Security's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where Plurilock Security's Days Inventory falls into.



Plurilock Security Days Inventory Calculation

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

Plurilock Security'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
=( (0.316 + 1.866) / 2 ) / 64.568*365
=1.091 / 64.568*365
=6.17

Plurilock Security'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
=( (3.105 + 1.866) / 2 ) / 21.496*365 / 4
=2.4855 / 21.496*365 / 4
=10.55

* 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.


Plurilock Security  (TSXV:PLUR) 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.

Plurilock Security'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.

Plurilock Security'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.


Plurilock Security Days Inventory Related Terms

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


Plurilock Security (TSXV:PLUR) Business Description

Traded in Other Exchanges
Address
1021 West Hastings Street, MNP Tower, 9th Floor, Vancouver, BC, CAN, V6E 0C3
Plurilock Security Inc is an identity-centric cybersecurity company that reduces or eliminates the need for passwords by measuring the pace, rhythm, and cadence of a user's keystrokes to confirm their identity. It has two operating segments, the Technology Division and the Solutions Division. The Technology division, operated under the legacy Plurilock brand, builds and operates Plurilock's own proprietary products. The Solutions division offers ASC's and INC's services and resells cybersecurity industry products and technologies to meet customer needs.
Executives
Jord Tanner Senior Officer