Days Inventory is also known as Days Sales of Inventory (DSI). Q BioMed's Average Total Inventories for the
three
months ended in Feb. 2023 was $0.00 Mil. Q BioMed's Cost of Goods Sold for the
three
months ended in Feb. 2023 was $0.00 Mil.
Hence, Q BioMed's Days Inventory for the
three
months ended in Feb. 2023 was 0.00.
The historical rank and industry rank for Q BioMed's Days Inventory or its related term are showing as below:
QBIO's Days Inventory is not ranked *
in the Biotechnology industry.
Industry Median: 192.72 * Ranked among companies with meaningful Days Inventory only.
Q BioMed's Days Inventory
declined
from Feb. 2022 (27.13) to Feb. 2023 (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.
Q BioMed Days Inventory Historical Data
The historical data trend for Q BioMed'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 Q BioMed's Days Inventory
For the Biotechnology subindustry, Q BioMed'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.
Q BioMed's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Q BioMed's Days Inventory distribution charts can be found below:
* The bar in red indicates where Q BioMed's Days Inventory falls into.
Q BioMed Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Q BioMed's Days Inventory for the fiscal year that ended in Nov. 2022 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.
Q BioMed (OTCPK:QBIO) 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.
Q BioMed's Inventory Turnover for the
three
months ended in Feb. 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.
Q BioMed's Inventory to Revenue for the
three
months ended in Feb. 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.
Q BioMed Days Inventory Related Terms
Thank you for viewing the detailed overview of Q BioMed's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Q BioMed Inc is a biomedical acceleration and development company. It has a focus on licensing, acquiring, and providing strategic resources to life sciences and healthcare companies. The company intends to mitigate risk by acquiring multiple assets over time and across a broad spectrum of healthcare-related products, companies, and sectors. Generic Strontium Chloride Sr-89 Injection USP (Strontium-89) is a radioactive pharmaceutical injection to relieve bone pain in patients with painful skeletal metastases. It also has three development-stage products: QBM-001 for rare pediatric non-verbal autism spectrum disorder, Uttroside-B for liver cancer, and MAN 01 for glaucoma.
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