MyndTec (XCNQ:MYTC) Days Inventory : 237.48 (As of Mar. 2025)

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What is MyndTec Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MyndTec's Average Total Inventories for the three months ended in Mar. 2025 was C$0.10 Mil. MyndTec's Cost of Goods Sold for the three months ended in Mar. 2025 was C$0.04 Mil. Hence, MyndTec's Days Inventory for the three months ended in Mar. 2025 was 237.48.

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

XCNQ:MYTC' s Days Inventory Range Over the Past 10 Years
Min: 416.95 Med: 537.84 Max: 1231.88
Current: 416.95

During the past 5 years, MyndTec's highest Days Inventory was 1231.88. The lowest was 416.95. And the median was 537.84.

XCNQ:MYTC's Days Inventory is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 183.23 vs XCNQ:MYTC: 416.95

MyndTec's Days Inventory declined from Mar. 2024 (489.80) to Mar. 2025 (237.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. MyndTec's Inventory Turnover for the three months ended in Mar. 2025 was 0.38.

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. MyndTec's Inventory-to-Revenue for the three months ended in Mar. 2025 was 1.06.

MyndTec Days Inventory Historical Data

The historical data trend for MyndTec'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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MyndTec Days Inventory Chart

MyndTec Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

1,231.88

454.43

537.84

979.27

514.79

MyndTec Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Inventory	Get a 7-Day Free Trial													489.80	270.37	877.40	2,062.25	237.48

Competitive Comparison of MyndTec's Days Inventory

For the Medical Devices subindustry, MyndTec'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.

MyndTec's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MyndTec's Days Inventory distribution charts can be found below:

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

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MyndTec Days Inventory Calculation

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

MyndTec's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.184	+	0.115)	/	2 )	/	0.106	*	365
=	0.1495					/	0.106	*	365
=	514.79

MyndTec's Days Inventory for the quarter that ended in Mar. 2025 is calculated as:

	Days Inventory (Q: Mar. 2025 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (0.115	+	0.088)	/	2 )	/	0.039	*	365 / 4
=	0.1015					/	0.039	*	365 / 4
=	237.48

MyndTec (XCNQ:MYTC) 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.

MyndTec's Inventory Turnover for the three months ended in Mar. 2025 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.039	/	0.1015
	=	0.38

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.

MyndTec's Inventory to Revenue for the three months ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1015	/	0.096
	=	1.06

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.

MyndTec Days Inventory Related Terms

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

MyndTec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MyndTec Inc (XCNQ:MYTC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Minnesota Court, Suite 122, Mississauga, ON, CAN, L5N 3C9

Website

https://www.myndtec.com

MyndTec Inc is a medical technology company. It researches, develops, and distributes new therapies designed to improve function, maximize independence and enhance the quality of life for individuals with upper limb paralysis due to stroke, spinal cord injury, or traumatic brain injury. The firm develops non-invasive neurological and nervous system electrical stimulation therapeutics for the treatment of neurological diseases and injuries specifically targeted to markets with large, growing, and patient populations. The company generates revenues from sales in Canada and the United States.

MyndTec Headlines

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