Legible (XCNQ:READ) Days Inventory : 0.00 (As of Dec. 2023)

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What is Legible Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Legible's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Legible's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Legible's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

XCNQ:READ's Days Inventory is not ranked ^*
in the Media - Diversified industry.
Industry Median: 25.75
* Ranked among companies with meaningful Days Inventory only.

Legible's Days Inventory stayed the same from Sep. 2022 (0.00) 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. Legible's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Legible Days Inventory Historical Data

The historical data trend for Legible'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.

Legible Days Inventory Chart

Legible Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Days Inventory

Legible Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Legible's Days Inventory

For the Publishing subindustry, Legible'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.

Legible's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Legible's Days Inventory distribution charts can be found below:

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

Legible Days Inventory Calculation

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

Legible's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.035	*	365
=	0					/	0.035	*	365
=	0.00

Legible'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 )	/	0.008	*	365 / 4
=	0					/	0.008	*	365 / 4
=	0.00

Legible (XCNQ:READ) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.008	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.014
	=	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.

Legible Days Inventory Related Terms

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

Legible (XCNQ:READ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Legible Inc (XCNQ:READ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

LEBGF:USA D0T:Germany

Address

2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2

Website

https://www.legible.com/about

Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.

Executives

Angela Jean Doll

Senior Officer

Legible (XCNQ:READ) Headlines

No Headlines