Delta CleanTech (XCNQ:DELT) Days Inventory : 79.22 (As of Dec. 2023)

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What is Delta CleanTech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Delta CleanTech's Average Total Inventories for the three months ended in Dec. 2023 was C$0.08 Mil. Delta CleanTech's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.09 Mil. Hence, Delta CleanTech's Days Inventory for the three months ended in Dec. 2023 was 79.22.

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

XCNQ:DELT' s Days Inventory Range Over the Past 10 Years
Min: 74.13 Med: 74.32 Max: 74.32
Current: 74.13

During the past 4 years, Delta CleanTech's highest Days Inventory was 74.32. The lowest was 74.13. And the median was 74.32.

XCNQ:DELT's Days Inventory is ranked better than
77.05% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs XCNQ:DELT: 74.13

Delta CleanTech's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (79.22). It might indicate that Delta CleanTech's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Delta CleanTech's Inventory Turnover for the three months ended in Dec. 2023 was 1.15.

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. Delta CleanTech's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.62.

Delta CleanTech Days Inventory Historical Data

The historical data trend for Delta CleanTech'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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Delta CleanTech Days Inventory Chart

Delta CleanTech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

74.32

Delta CleanTech Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial							-	-	-	-	79.22

Competitive Comparison of Delta CleanTech's Days Inventory

For the Pollution & Treatment Controls subindustry, Delta CleanTech'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.

Delta CleanTech's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Delta CleanTech's Days Inventory falls into.

Delta CleanTech Days Inventory Calculation

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

Delta CleanTech'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	+	0.079)	/	1 )	/	0.388	*	365
=	0.079					/	0.388	*	365
=	74.32

Delta CleanTech'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	+	0.079)	/	1 )	/	0.091	*	365 / 4
=	0.079					/	0.091	*	365 / 4
=	79.22

Delta CleanTech (XCNQ:DELT) 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.

Delta CleanTech's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.091	/	0.079
	=	1.15

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.

Delta CleanTech's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.079	/	0.127
	=	0.62

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.

Delta CleanTech Days Inventory Related Terms

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

Delta CleanTech (XCNQ:DELT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta CleanTech Inc (XCNQ:DELT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DCTIF:USA

Address

2308 Palisade Drive S.W., Calgary, AB, CAN, T2V 3V1

Website

https://www.deltacleantech.ca

Delta CleanTech Inc is a clean energy tech business. It is dedicated to providing clean technology solutions that address the environmental and social governance needs of corporations. The principal activity of Delta consists of four pillars namely CO2 capture, hydrogen production, solvent and ethanol purification, and carbon credit certification and trading. The Company operates in Canada, the United States, United Arab Emirates, Kazakhstan, and China.

Delta CleanTech (XCNQ:DELT) Headlines

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