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Victory Square Technologies (XCNQ:VST) Days Inventory : 3.90 (As of Dec. 2023)


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What is Victory Square Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Victory Square Technologies's Average Total Inventories for the three months ended in Dec. 2023 was C$0.08 Mil. Victory Square Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1.79 Mil. Hence, Victory Square Technologies's Days Inventory for the three months ended in Dec. 2023 was 3.90.

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

XCNQ:VST' s Days Inventory Range Over the Past 10 Years
Min: 5.78   Med: 16.93   Max: 90
Current: 6.61

During the past 9 years, Victory Square Technologies's highest Days Inventory was 90.00. The lowest was 5.78. And the median was 16.93.

XCNQ:VST's Days Inventory is ranked better than
85.45% of 165 companies
in the Asset Management industry
Industry Median: 78.63 vs XCNQ:VST: 6.61

Victory Square Technologies's Days Inventory declined from Sep. 2022 (80.21) to Dec. 2023 (3.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. Victory Square Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 23.40.

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. Victory Square Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.


Victory Square Technologies Days Inventory Historical Data

The historical data trend for Victory Square Technologies'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.

Victory Square Technologies Days Inventory Chart

Victory Square Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only - - 90.00 16.93 5.78

Victory Square Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
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 80.21 35.83 6.93 3.82 3.90

Competitive Comparison of Victory Square Technologies's Days Inventory

For the Asset Management subindustry, Victory Square Technologies'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.


Victory Square Technologies's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Victory Square Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Victory Square Technologies's Days Inventory falls into.



Victory Square Technologies Days Inventory Calculation

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

Victory Square Technologies'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
=( (0.104 + 0.104) / 2 ) / 6.565*365
=0.104 / 6.565*365
=5.78

Victory Square Technologies'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
=( (0.049 + 0.104) / 2 ) / 1.79*365 / 4
=0.0765 / 1.79*365 / 4
=3.90

* 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.


Victory Square Technologies  (XCNQ:VST) 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.

Victory Square Technologies's Inventory Turnover for the three months ended in Dec. 2023 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.

Victory Square Technologies's Inventory to Revenue for the three months ended in Dec. 2023 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.


Victory Square Technologies Days Inventory Related Terms

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


Victory Square Technologies (XCNQ:VST) Business Description

Traded in Other Exchanges
Address
750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7
Victory Square Technologies Inc is focused on investing in disruptive innovation builds, acquires, and invests in startups, then provides the senior leadership and resources needed for fast-track growth. Victory Square provides investors with a liquid way to invest in early-stage technology and healthcare companies without buying a venture fund that requires accredited investor status or multi-year commitments. The firm's corporate portfolio consists of companies using Artificial intelligence (AI), Virtual reality (VR), Augmented reality (AR), and blockchain to disrupt sectors as diverse as fintech, insurance, health, and gaming.
Executives
Shafin Diamond Tejani Director, Director or Senior Officer of 10% Security Holder, Senior Officer