Magnet Forensics (Magnet Forensics) Days Inventory : 0.00 (As of Dec. 2022)

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What is Magnet Forensics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Magnet Forensics's Average Total Inventories for the three months ended in Dec. 2022 was $0.00 Mil. Magnet Forensics's Cost of Goods Sold for the three months ended in Dec. 2022 was $1.71 Mil. Hence, Magnet Forensics's Days Inventory for the three months ended in Dec. 2022 was 0.00.

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

MAGTF's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 19.085
* Ranked among companies with meaningful Days Inventory only.

Magnet Forensics's Days Inventory stayed the same from Dec. 2021 (0.00) to Dec. 2022 (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. Magnet Forensics's Inventory-to-Revenue for the three months ended in Dec. 2022 was 0.00.

Magnet Forensics Days Inventory Historical Data

The historical data trend for Magnet Forensics'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.

Magnet Forensics Days Inventory Chart

Magnet Forensics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Magnet Forensics Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Inventory	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Magnet Forensics's Days Inventory

For the Software - Application subindustry, Magnet Forensics'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.

Magnet Forensics's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Magnet Forensics's Days Inventory distribution charts can be found below:

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

Magnet Forensics Days Inventory Calculation

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

Magnet Forensics'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	+	0)	/	1 )	/	6.465	*	365
=	0					/	6.465	*	365
=	0.00

Magnet Forensics's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.709	*	365 / 4
=	0					/	1.709	*	365 / 4
=	0.00

Magnet Forensics (OTCPK:MAGTF) 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.

Magnet Forensics's Inventory Turnover for the three months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.709	/	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.

Magnet Forensics's Inventory to Revenue for the three months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	31.01
	=	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.

Magnet Forensics Days Inventory Related Terms

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

Magnet Forensics (Magnet Forensics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magnet Forensics Inc (OTCPK:MAGTF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2220 University Avenue East, Suite 300, Waterloo, ON, CAN, N2K0A8

Website

https://www.magnetforensics.com

Magnet Forensics Inc is a developer of digital investigation software. It acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.