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Rapid Dose Therapeutics (XCNQ:DOSE) Days Inventory : 82.76 (As of Aug. 2024)


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What is Rapid Dose Therapeutics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rapid Dose Therapeutics's Average Total Inventories for the three months ended in Aug. 2024 was C$0.17 Mil. Rapid Dose Therapeutics's Cost of Goods Sold for the three months ended in Aug. 2024 was C$0.19 Mil. Hence, Rapid Dose Therapeutics's Days Inventory for the three months ended in Aug. 2024 was 82.76.

The historical rank and industry rank for Rapid Dose Therapeutics's Days Inventory or its related term are showing as below:

XCNQ:DOSE' s Days Inventory Range Over the Past 10 Years
Min: 103.71   Med: 255.59   Max: 1801.77
Current: 103.71

During the past 13 years, Rapid Dose Therapeutics's highest Days Inventory was 1801.77. The lowest was 103.71. And the median was 255.59.

XCNQ:DOSE's Days Inventory is ranked better than
73.07% of 646 companies
in the Biotechnology industry
Industry Median: 185.91 vs XCNQ:DOSE: 103.71

Rapid Dose Therapeutics's Days Inventory declined from Aug. 2023 (132.27) to Aug. 2024 (82.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Rapid Dose Therapeutics's Inventory Turnover for the three months ended in Aug. 2024 was 1.10.

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. Rapid Dose Therapeutics's Inventory-to-Revenue for the three months ended in Aug. 2024 was 0.33.


Rapid Dose Therapeutics Days Inventory Historical Data

The historical data trend for Rapid Dose Therapeutics'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.

Rapid Dose Therapeutics Days Inventory Chart

Rapid Dose Therapeutics Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 995.20 1,801.77 255.59 201.49 110.62

Rapid Dose Therapeutics Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 Premium Member Only 132.27 117.32 137.91 91.25 82.76

Competitive Comparison of Rapid Dose Therapeutics's Days Inventory

For the Biotechnology subindustry, Rapid Dose Therapeutics'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.


Rapid Dose Therapeutics's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Rapid Dose Therapeutics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Rapid Dose Therapeutics's Days Inventory falls into.



Rapid Dose Therapeutics Days Inventory Calculation

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

Rapid Dose Therapeutics's Days Inventory for the fiscal year that ended in Feb. 2024 is calculated as

Days Inventory (A: Feb. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Feb. 2023 ) + Total Inventories (A: Feb. 2024 )) / count ) / Cost of Goods Sold (A: Feb. 2024 )*Days in Period
=( (0.145 + 0.132) / 2 ) / 0.457*365
=0.1385 / 0.457*365
=110.62

Rapid Dose Therapeutics's Days Inventory for the quarter that ended in Aug. 2024 is calculated as:

Days Inventory (Q: Aug. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: May. 2024 ) + Total Inventories (Q: Aug. 2024 )) / count ) / Cost of Goods Sold (Q: Aug. 2024 )*Days in Period
=( (0.152 + 0.189) / 2 ) / 0.188*365 / 4
=0.1705 / 0.188*365 / 4
=82.76

* 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.


Rapid Dose Therapeutics  (XCNQ:DOSE) 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.

Rapid Dose Therapeutics's Inventory Turnover for the three months ended in Aug. 2024 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.

Rapid Dose Therapeutics's Inventory to Revenue for the three months ended in Aug. 2024 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.


Rapid Dose Therapeutics Days Inventory Related Terms

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


Rapid Dose Therapeutics Business Description

Traded in Other Exchanges
Address
1121 Walkers Line, Unit 3, Burlington, ON, CAN, L7N 2G4
Rapid Dose Therapeutics Corp is a Canadian biotechnology company revolutionizing drug delivery through innovation. The company's flagship product QuickStrip is a thin, orally dissolvable film, that can be infused with an infinite list of active ingredients (nutraceuticals, pharmaceuticals, vaccines, and cannabis) that are delivered quickly into the bloodstream resulting in rapid onset of the active ingredient.
Executives
Mark Upsdell Director
Brian Howlett Director

Rapid Dose Therapeutics Headlines

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