The historical rank and industry rank for Eightco Holdings's Days Inventory or its related term are showing as below:
OCTO'
s Days Inventory Range Over the Past 10 Years
Min: 7.13 Med: 28.42 Max: 36.37
Current: 36.37
During the past 4 years, Eightco Holdings's highest Days Inventory was 36.37. The lowest was 7.13. And the median was 28.42.
OCTO's Days Inventory is ranked better than 90.74% of 367
companies
in the Packaging & Containers industry
Industry Median: 77.89
vs OCTO: 36.37
Eightco Holdings's Days Inventory
increased
from Dec. 2022 (13.34) to Dec. 2023 (43.25).
It might indicate that Eightco Holdings's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Eightco Holdings's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.11.
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.
Eightco Holdings's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.43.
Eightco Holdings Days Inventory Historical Data
The historical data trend for Eightco Holdings'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.
Competitive Comparison of Eightco Holdings's Days Inventory
For the Packaging & Containers subindustry, Eightco Holdings'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.
Eightco Holdings's Days Inventory Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Eightco Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Eightco Holdings's Days Inventory falls into.
Eightco Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Eightco Holdings's Days Inventory for the fiscal year that 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.
Eightco Holdings (NAS:OCTO) 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.
Eightco Holdings'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.
Eightco Holdings'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.
Eightco Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of Eightco Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Eightco Holdings (Eightco Holdings) Business Description
Eightco Holdings Inc is committed to growth focused around its existing subsidiaries, Forever 8, an inventory management platform for e-commerce sellers, and Ferguson Containers, a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.
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