Ibex Technologies (TSXV:IBT) Days Inventory : 40.26 (As of Jan. 2024)

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What is Ibex Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ibex Technologies's Average Total Inventories for the three months ended in Jan. 2024 was C$0.24 Mil. Ibex Technologies's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.55 Mil. Hence, Ibex Technologies's Days Inventory for the three months ended in Jan. 2024 was 40.26.

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

TSXV:IBT' s Days Inventory Range Over the Past 10 Years
Min: 30.39 Med: 47.84 Max: 158.73
Current: 36.55

During the past 13 years, Ibex Technologies's highest Days Inventory was 158.73. The lowest was 30.39. And the median was 47.84.

TSXV:IBT's Days Inventory is ranked better than
90.52% of 654 companies
in the Biotechnology industry
Industry Median: 193.29 vs TSXV:IBT: 36.55

Ibex Technologies's Days Inventory increased from Jan. 2023 (37.17) to Jan. 2024 (40.26). It might indicate that Ibex Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ibex Technologies's Inventory Turnover for the three months ended in Jan. 2024 was 2.27.

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. Ibex Technologies's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.13.

Ibex Technologies Days Inventory Historical Data

The historical data trend for Ibex Technologies'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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Ibex Technologies Days Inventory Chart

Ibex Technologies Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Inventory

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30.39

30.86

44.34

39.32

31.69

Ibex Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															37.17	34.94	31.66	38.34	40.26

Competitive Comparison of Ibex Technologies's Days Inventory

For the Biotechnology subindustry, Ibex Technologies'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.

Ibex Technologies's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Ibex Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ibex Technologies's Days Inventory falls into.

Ibex Technologies Days Inventory Calculation

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

Ibex Technologies's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0.227	+	0.171)	/	2 )	/	2.292	*	365
=	0.199					/	2.292	*	365
=	31.69

Ibex Technologies's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.234	+	0.254)	/	2 )	/	0.553	*	365 / 4
=	0.244					/	0.553	*	365 / 4
=	40.26

Ibex Technologies (TSXV:IBT) 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.

Ibex Technologies's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.553	/	0.244
	=	2.27

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.

Ibex Technologies's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.244	/	1.922
	=	0.13

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.

Ibex Technologies Days Inventory Related Terms

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

Ibex Technologies (TSXV:IBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Ibex Technologies Inc (TSXV:IBT) » Definitions » Days Inventory

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IBXNF:USA IBT:Germany

Address

5485 Pare Street, Suite 100, Montreal, QC, CAN, H4P 1P7

Website

https://www.ibex.ca

Ibex Technologies Inc is a company engaged in the production and sale of diagnostic products. It manufactures and markets enzymes for biomedical use, through its subsidiaries. It also manufactures and markets a series of arthritis assays that have applications in osteoarthritis research. It sells two product lines namely, Enzymes for in-vitro diagnostics and research, and Tests for osteoarthritis research. The group provides services like Filing and lyophilization of disposable diagnostic components, and Custom fermentation and purification of enzymes for diagnostic companies. Geographically, the firm sells its products in Canada, Germany, the U.S., the U.K., and other countries of which the majority of the revenue is generated from the U.S.

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