Composite Alliance Group (TSXV:CAG) Days Inventory : 0.00 (As of Dec. 2023)

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What is Composite Alliance Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Composite Alliance Group's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Composite Alliance Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.69 Mil. Hence, Composite Alliance Group's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Composite Alliance Group's Days Inventory or its related term are showing as below:

TSXV:CAG's Days Inventory is not ranked ^*
in the Industrial Products industry.
Industry Median: 120.59
* Ranked among companies with meaningful Days Inventory only.

Composite Alliance Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 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. Composite Alliance Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Composite Alliance Group Days Inventory Historical Data

The historical data trend for Composite Alliance Group'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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Composite Alliance Group Days Inventory Chart

Composite Alliance Group Annual Data

Trend

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Dec23

Days Inventory

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Composite Alliance Group 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															-	-	-	-	-

Competitive Comparison of Composite Alliance Group's Days Inventory

For the Specialty Industrial Machinery subindustry, Composite Alliance Group'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.

Composite Alliance Group's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Composite Alliance Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Composite Alliance Group's Days Inventory falls into.

Composite Alliance Group Days Inventory Calculation

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

Composite Alliance Group'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	+	0)	/	1 )	/	9.711	*	365
=	0					/	9.711	*	365
=	0.00

Composite Alliance Group'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	+	0)	/	1 )	/	3.685	*	365 / 4
=	0					/	3.685	*	365 / 4
=	0.00

Composite Alliance Group (TSXV:CAG) 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.

Composite Alliance Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.685	/	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.

Composite Alliance Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	4.827
	=	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.

Composite Alliance Group Days Inventory Related Terms

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

Composite Alliance Group (TSXV:CAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Composite Alliance Group Inc (TSXV:CAG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 - 7th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 2Z1

Website

https://www.compositealliancegroup.com

Composite Alliance Group Inc provides industrial turn-key solutions by designing and manufacturing the machines. It offers machines and processes to fabricate composite materials for the aerospace and automotive industries. Geographically, it operates in Europe, Asia, and North America, out of which a majority of its revenue is from Asia.