Spot Coffee (Canada) (TSXV:SPP) Days Inventory : 26.51 (As of Sep. 2023)

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What is Spot Coffee (Canada) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Spot Coffee (Canada)'s Average Total Inventories for the three months ended in Sep. 2023 was C$0.21 Mil. Spot Coffee (Canada)'s Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.74 Mil. Hence, Spot Coffee (Canada)'s Days Inventory for the three months ended in Sep. 2023 was 26.51.

The historical rank and industry rank for Spot Coffee (Canada)'s Days Inventory or its related term are showing as below:

TSXV:SPP' s Days Inventory Range Over the Past 10 Years
Min: 13.91 Med: 19.32 Max: 39.51
Current: 37.53

During the past 13 years, Spot Coffee (Canada)'s highest Days Inventory was 39.51. The lowest was 13.91. And the median was 19.32.

TSXV:SPP's Days Inventory is ranked worse than
78.04% of 337 companies
in the Restaurants industry
Industry Median: 15.61 vs TSXV:SPP: 37.53

Spot Coffee (Canada)'s Days Inventory increased from Jun. 2022 (25.15) to Sep. 2023 (26.51). It might indicate that Spot Coffee (Canada)'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spot Coffee (Canada)'s Inventory Turnover for the three months ended in Sep. 2023 was 3.44.

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. Spot Coffee (Canada)'s Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.09.

Spot Coffee (Canada) Days Inventory Historical Data

The historical data trend for Spot Coffee (Canada)'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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Spot Coffee (Canada) Days Inventory Chart

Spot Coffee (Canada) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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19.12

19.52

39.51

31.20

25.36

Spot Coffee (Canada) Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															25.15	29.10	26.51	32.58	26.51

Competitive Comparison of Spot Coffee (Canada)'s Days Inventory

For the Restaurants subindustry, Spot Coffee (Canada)'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.

Spot Coffee (Canada)'s Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Spot Coffee (Canada)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Spot Coffee (Canada)'s Days Inventory falls into.

Spot Coffee (Canada) Days Inventory Calculation

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

Spot Coffee (Canada)'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
=	( (0.171	+	0.184)	/	2 )	/	2.555	*	365
=	0.1775					/	2.555	*	365
=	25.36

Spot Coffee (Canada)'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.238	+	0.189)	/	2 )	/	0.735	*	365 / 4
=	0.2135					/	0.735	*	365 / 4
=	26.51

Spot Coffee (Canada) (TSXV:SPP) 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.

Spot Coffee (Canada)'s Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.735	/	0.2135
	=	3.44

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.

Spot Coffee (Canada)'s Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2135	/	2.503
	=	0.09

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.

Spot Coffee (Canada) Days Inventory Related Terms

Thank you for viewing the detailed overview of Spot Coffee (Canada)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Spot Coffee (Canada) (TSXV:SPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Spot Coffee (Canada) Ltd (TSXV:SPP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SCFFF:USA

Address

141, Adelaide Street West, Suite 1007, Toronto, ON, CAN, M5H 3L5

Website

https://www.spotcoffee.com

Spot Coffee (Canada) Ltd is a Canada-based company that designs, builds, and operates community-oriented cafes. It provides customer service, light meals, and in-house roasted gourmet coffee. The company's geographical segments include Canada and the United States of America. It derives a majority of revenue from the United States of America. The company generates maximum revenue from retail sales.

Executives

Anton Michel Ayoub

Director, Senior Officer

Spot Coffee (Canada) (TSXV:SPP) Headlines

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