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Doseology Sciences (XCNQ:MOOD) Days Inventory : 118.63 (As of Mar. 2024)


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What is Doseology Sciences Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Doseology Sciences's Average Total Inventories for the three months ended in Mar. 2024 was C$0.04 Mil. Doseology Sciences's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.03 Mil. Hence, Doseology Sciences's Days Inventory for the three months ended in Mar. 2024 was 118.63.

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

XCNQ:MOOD' s Days Inventory Range Over the Past 10 Years
Min: 154.68   Med: 944.22   Max: 1733.75
Current: 369.15

During the past 4 years, Doseology Sciences's highest Days Inventory was 1733.75. The lowest was 154.68. And the median was 944.22.

XCNQ:MOOD's Days Inventory is ranked worse than
74.81% of 651 companies
in the Biotechnology industry
Industry Median: 194.42 vs XCNQ:MOOD: 369.15

Doseology Sciences's Days Inventory increased from Mar. 2023 (34.22) to Mar. 2024 (118.63). It might indicate that Doseology Sciences's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Doseology Sciences's Inventory Turnover for the three months ended in Mar. 2024 was 0.77.

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. Doseology Sciences's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.15.


Doseology Sciences Days Inventory Historical Data

The historical data trend for Doseology Sciences'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.

Doseology Sciences Days Inventory Chart

Doseology Sciences Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Days Inventory
- - 154.68 1,733.75

Doseology Sciences Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 34.22 - 29.52 1,140.63 118.63

Competitive Comparison of Doseology Sciences's Days Inventory

For the Biotechnology subindustry, Doseology Sciences'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.


Doseology Sciences's Days Inventory Distribution in the Biotechnology Industry

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

* The bar in red indicates where Doseology Sciences's Days Inventory falls into.



Doseology Sciences Days Inventory Calculation

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

Doseology Sciences's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (0.01 + 0.009) / 2 ) / 0.002*365
=0.0095 / 0.002*365
=1,733.75

Doseology Sciences's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0.048 + 0.03) / 2 ) / 0.03*365 / 4
=0.039 / 0.03*365 / 4
=118.63

* 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.


Doseology Sciences  (XCNQ:MOOD) 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.

Doseology Sciences's Inventory Turnover for the three months ended in Mar. 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.

Doseology Sciences's Inventory to Revenue for the three months ended in Mar. 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.


Doseology Sciences Days Inventory Related Terms

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


Doseology Sciences (XCNQ:MOOD) Business Description

Traded in Other Exchanges
Address
116 - 5100 Anderson Way, Unit 197, Vernon, BC, CAN, V1T 0C4
Doseology Sciences Inc is a diversified life sciences company, on a mission to reimagine mental health therapies through innovation, technology and sustainability. With a focus on the psychedelic and non-psychedelic compounds, also sale of its branded functional mushroom products. Doseology offers cutting-edge therapeutic products and services, with the aim of making a meaningful impact on the mental health pandemic and improving overall health.

Doseology Sciences (XCNQ:MOOD) Headlines

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