FRX Innovations (TSXV:FRXI) Days Inventory : 218.23 (As of Sep. 2023)

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What is FRX Innovations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FRX Innovations's Average Total Inventories for the three months ended in Sep. 2023 was C$3.24 Mil. FRX Innovations's Cost of Goods Sold for the three months ended in Sep. 2023 was C$1.36 Mil. Hence, FRX Innovations's Days Inventory for the three months ended in Sep. 2023 was 218.23.

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

TSXV:FRXI' s Days Inventory Range Over the Past 10 Years
Min: 66.2 Med: 90.17 Max: 1202.12
Current: 1202.12

During the past 5 years, FRX Innovations's highest Days Inventory was 1202.12. The lowest was 66.20. And the median was 90.17.

TSXV:FRXI's Days Inventory is ranked worse than
99.53% of 1491 companies
in the Chemicals industry
Industry Median: 81.77 vs TSXV:FRXI: 1202.12

FRX Innovations's Days Inventory increased from Sep. 2022 (152.03) to Sep. 2023 (218.23). It might indicate that FRX Innovations'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. FRX Innovations's Inventory Turnover for the three months ended in Sep. 2023 was 0.42.

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. FRX Innovations's Inventory-to-Revenue for the three months ended in Sep. 2023 was 3.81.

FRX Innovations Days Inventory Historical Data

The historical data trend for FRX Innovations'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.

FRX Innovations Days Inventory Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

98.31

82.03

66.20

269.06

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial									152.03	-	617.35	260.22	218.23

Competitive Comparison of FRX Innovations's Days Inventory

For the Specialty Chemicals subindustry, FRX Innovations'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.

FRX Innovations's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FRX Innovations's Days Inventory distribution charts can be found below:

* The bar in red indicates where FRX Innovations's Days Inventory falls into.

FRX Innovations Days Inventory Calculation

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

FRX Innovations'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
=	( (1.816	+	4.522)	/	2 )	/	4.299	*	365
=	3.169					/	4.299	*	365
=	269.06

FRX Innovations's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.638	+	2.848)	/	2 )	/	1.356	*	365 / 4
=	3.243					/	1.356	*	365 / 4
=	218.23

FRX Innovations (TSXV:FRXI) 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.

FRX Innovations's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.356	/	3.243
	=	0.42

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.

FRX Innovations's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.243	/	0.851
	=	3.81

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.

FRX Innovations Days Inventory Related Terms

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

FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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