RYAH Group (XCNQ:RYAH) Days Inventory : 3,984.58 (As of Sep. 2022)

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What is RYAH Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RYAH Group's Average Total Inventories for the three months ended in Sep. 2022 was C$0.13 Mil. RYAH Group's Cost of Goods Sold for the three months ended in Sep. 2022 was C$0.00 Mil. Hence, RYAH Group's Days Inventory for the three months ended in Sep. 2022 was 3,984.58.

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

XCNQ:RYAH's Days Inventory is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 32.42
* Ranked among companies with meaningful Days Inventory only.

RYAH Group's Days Inventory increased from Sep. 2021 (2,349.69) to Sep. 2022 (3,984.58). It might indicate that RYAH Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. RYAH Group's Inventory Turnover for the three months ended in Sep. 2022 was 0.02.

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. RYAH Group's Inventory-to-Revenue for the three months ended in Sep. 2022 was 11.91.

RYAH Group Days Inventory Historical Data

The historical data trend for RYAH Group'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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RYAH Group Days Inventory Chart

RYAH Group Annual Data

Trend

Dec20

Dec21

Days Inventory

1,834.86

1,088.48

RYAH Group Quarterly Data
	Feb20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial			2,349.69	915.54	-	482.57	3,984.58

Competitive Comparison of RYAH Group's Days Inventory

For the Health Information Services subindustry, RYAH Group'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.

RYAH Group's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, RYAH Group's Days Inventory distribution charts can be found below:

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

RYAH Group Days Inventory Calculation

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

RYAH Group's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.186	+	0.148)	/	2 )	/	0.056	*	365
=	0.167					/	0.056	*	365
=	1,088.48

RYAH Group's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0.129	+	0.133)	/	2 )	/	0.003	*	365 / 4
=	0.131					/	0.003	*	365 / 4
=	3,984.58

RYAH Group (XCNQ:RYAH) 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.

RYAH Group's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.003	/	0.131
	=	0.02

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.

RYAH Group's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.131	/	0.011
	=	11.91

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.

RYAH Group Days Inventory Related Terms

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

RYAH Group (XCNQ:RYAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » RYAH Group Inc (XCNQ:RYAH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 34TH STREET, SUITE B421, BROOKLYN, NY, USA, 11232

Website

https://www.ryahgroup.com

RYAH Group Inc is a data technology company in plant-based medicine. Its Artificial Intelligence platform aggregates and correlates HIPAA-compliant dosing data from seed to consumption. This helps the company to conduct predictive analyses to help doctors, researchers, and end-users create personalized dosing regimens that can accurately foresee patient outcomes. the company also provide other products which are smart inhaler system & smart patch system.

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