C-Bond Systems (C-Bond Systems) Days Inventory : 35.06 (As of Dec. 2023)

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What is C-Bond Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). C-Bond Systems's Average Total Inventories for the three months ended in Dec. 2023 was $0.15 Mil. C-Bond Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.38 Mil. Hence, C-Bond Systems's Days Inventory for the three months ended in Dec. 2023 was 35.06.

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

CBNT' s Days Inventory Range Over the Past 10 Years
Min: 30.58 Med: 41.78 Max: 69.09
Current: 33.81

During the past 13 years, C-Bond Systems's highest Days Inventory was 69.09. The lowest was 30.58. And the median was 41.78.

CBNT's Days Inventory is ranked better than
88.67% of 1492 companies
in the Chemicals industry
Industry Median: 83.25 vs CBNT: 33.81

C-Bond Systems's Days Inventory increased from Dec. 2022 (29.50) to Dec. 2023 (35.06). It might indicate that C-Bond Systems's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. C-Bond Systems's Inventory Turnover for the three months ended in Dec. 2023 was 2.60.

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. C-Bond Systems's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.20.

C-Bond Systems Days Inventory Historical Data

The historical data trend for C-Bond 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.

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C-Bond Systems Days Inventory Chart

C-Bond Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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35.90

69.09

44.44

30.58

40.06

C-Bond Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															29.50	25.33	38.86	30.11	35.06

Competitive Comparison of C-Bond Systems's Days Inventory

For the Specialty Chemicals subindustry, C-Bond 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.

C-Bond Systems's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, C-Bond Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where C-Bond Systems's Days Inventory falls into.

C-Bond Systems Days Inventory Calculation

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

C-Bond Systems'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
=	( (0.077	+	0.182)	/	2 )	/	1.18	*	365
=	0.1295					/	1.18	*	365
=	40.06

C-Bond Systems'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
=	( (0.11	+	0.182)	/	2 )	/	0.38	*	365 / 4
=	0.146					/	0.38	*	365 / 4
=	35.06

C-Bond Systems (OTCPK:CBNT) 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.

C-Bond Systems's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.38	/	0.146
	=	2.60

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.

C-Bond Systems's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.146	/	0.745
	=	0.20

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.

C-Bond Systems Days Inventory Related Terms

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

C-Bond Systems (C-Bond Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » C-Bond Systems Inc (OTCPK:CBNT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

6035 South Loop East, Houston, TX, USA, 80525

Website

https://www.cbondsystems.com

C-Bond Systems Inc is a nanotechnology company and owner, developer, and manufacturer of the patented C-Bond technology. It operates in two divisions: C-Bond and Mobile Tint. The company generates maximum revenue from the Mobile Tint segment. Mobile Tint segment is engaged in the distribution and installation of window film solutions. C-Bond segment is engaged in the manufacturing and sale of a windshield strengthening water repellent solution as well as a disinfection product, and the sale of multi-purpose glass strengthening primer and window film mounting solutions, including ballistic-resistant film systems and a forced entry system.

Executives

Allison F Tomek	director, officer: PRESIDENT	6035 SOUTH LOOP EAST, HOUSTON TX 77033
Barry M Edelstein	director	1100 GREEN VALLEY ROAD, BRYN MAWR PA 19010
Scott Viggo Thomsen	director	6035 SOUTH LOOP EAST, HOUSTON TX 77033
Scott R Silverman	officer: CEO, PRESIDENT
Pugliese Vincent Joseph Alfred	officer: CEO, Int CFO, Treas., Sec.	6035 SOUTH LOOP EAST, HOUSTON CO 77033
Boco Investments Llc	10 percent owner	103 WEST MOUNTAIN AVENUE, FORT COLLINS CO 80524
Joni K Troska	officer: Secretary	123 NORTH COLLEGE DRIVE, STE. 200, FT. COLLINGS CO 80524
Brian L Klemsz	director, officer: CEO and CFO	1601 OFFICERS ROW, VANCOUVER WA 98661