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Sharc International Systems (XCNQ:SHRC) Days Inventory : 351.27 (As of Sep. 2023)


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What is Sharc International Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sharc International Systems's Average Total Inventories for the three months ended in Sep. 2023 was C$1.27 Mil. Sharc International Systems's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.33 Mil. Hence, Sharc International Systems's Days Inventory for the three months ended in Sep. 2023 was 351.27.

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

XCNQ:SHRC' s Days Inventory Range Over the Past 10 Years
Min: 113.94   Med: 375.38   Max: 1770.52
Current: 249.39

During the past 12 years, Sharc International Systems's highest Days Inventory was 1770.52. The lowest was 113.94. And the median was 375.38.

XCNQ:SHRC's Days Inventory is ranked worse than
84.47% of 2904 companies
in the Industrial Products industry
Industry Median: 119.93 vs XCNQ:SHRC: 249.39

Sharc International Systems's Days Inventory declined from Sep. 2022 (3,874.62) to Sep. 2023 (351.27).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sharc International Systems's Inventory Turnover for the three months ended in Sep. 2023 was 0.26.

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. Sharc International Systems's Inventory-to-Revenue for the three months ended in Sep. 2023 was 2.32.


Sharc International Systems Days Inventory Historical Data

The historical data trend for Sharc International Systems'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.

Sharc International Systems Days Inventory Chart

Sharc International Systems Annual Data
Trend Oct13 Oct14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 550.06 1,770.52 495.50 172.66 255.26

Sharc International Systems Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 3,874.62 157.81 190.05 387.61 351.27

Competitive Comparison of Sharc International Systems's Days Inventory

For the Pollution & Treatment Controls subindustry, Sharc International Systems'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.


Sharc International Systems's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sharc International Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sharc International Systems's Days Inventory falls into.



Sharc International Systems Days Inventory Calculation

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

Sharc International Systems's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (0.962 + 0.971) / 2 ) / 1.382*365
=0.9665 / 1.382*365
=255.26

Sharc International Systems's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (1.138 + 1.395) / 2 ) / 0.329*365 / 4
=1.2665 / 0.329*365 / 4
=351.27

* 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.


Sharc International Systems  (XCNQ:SHRC) 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.

Sharc International Systems's Inventory Turnover for the three months ended in Sep. 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.

Sharc International Systems's Inventory to Revenue for the three months ended in Sep. 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.


Sharc International Systems Days Inventory Related Terms

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


Sharc International Systems (XCNQ:SHRC) Business Description

Traded in Other Exchanges
Address
1443 Spitfire Place, Port Coquitlam, BC, CAN, V3C 6L4
Sharc International Systems Inc is engaged in providing wastewater heat exchange expertise and products that serve commercial, industrial, public utilities and residential development projects objectives of reducing their carbon footprint while saving on energy costs. The company operates in a single operating segment namely, Sales and marketing of Wastewater energy transfer equipment.