Braxia Scientific (XCNQ:BRAX) Days Inventory : 0.00 (As of Dec. 2023)

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What is Braxia Scientific Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Braxia Scientific's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Braxia Scientific's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.41 Mil. Hence, Braxia Scientific's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

XCNQ:BRAX' s Days Inventory Range Over the Past 10 Years
Min: 1.92 Med: 1.92 Max: 6.33
Current: 6.33

During the past 3 years, Braxia Scientific's highest Days Inventory was 6.33. The lowest was 1.92. And the median was 1.92.

XCNQ:BRAX's Days Inventory is ranked better than
98.17% of 654 companies
in the Biotechnology industry
Industry Median: 192.63 vs XCNQ:BRAX: 6.33

Braxia Scientific's Days Inventory declined from Dec. 2022 (8.48) 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. Braxia Scientific's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Braxia Scientific Days Inventory Historical Data

The historical data trend for Braxia Scientific'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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Braxia Scientific Days Inventory Chart

Braxia Scientific Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

1.92

Braxia Scientific Quarterly Data
	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												8.48	1.65	1.60	-	-

Competitive Comparison of Braxia Scientific's Days Inventory

For the Biotechnology subindustry, Braxia Scientific'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.

Braxia Scientific's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Braxia Scientific's Days Inventory distribution charts can be found below:

* The bar in red indicates where Braxia Scientific's Days Inventory falls into.

Braxia Scientific Days Inventory Calculation

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

Braxia Scientific'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	+	0.009)	/	1 )	/	1.712	*	365
=	0.009					/	1.712	*	365
=	1.92

Braxia Scientific'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 )	/	0.41	*	365 / 4
=	0					/	0.41	*	365 / 4
=	0.00

Braxia Scientific (XCNQ:BRAX) 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.

Braxia Scientific's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.41	/	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.

Braxia Scientific's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.492
	=	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.

Braxia Scientific Days Inventory Related Terms

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

Braxia Scientific (XCNQ:BRAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Braxia Scientific Corp (XCNQ:BRAX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BRAXF:USA 4960:Germany

Address

700 Bay Street, Suite 1903, Toronto, ON, CAN, M5G 1Z6

Website

https://www.braxiascientific.com

Braxia Scientific Corp is a research-driven medical solutions company that aims to reduce the illness burden of brain-based mental disorders such as depressive disorder among others. It is primarily focused on owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and research activities related to discovering and commercializing novel drugs and delivery methods. The company develops ketamine and psilocybin derivatives and other psychedelic products from its IP development platform.

Braxia Scientific (XCNQ:BRAX) Headlines

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