SpotLite360 IOT Solutions (XCNQ:LITE) Days Inventory : 0.00 (As of Sep. 2023)

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What is SpotLite360 IOT Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SpotLite360 IOT Solutions's Average Total Inventories for the three months ended in Sep. 2023 was C$0.10 Mil. SpotLite360 IOT Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.00 Mil.

The historical rank and industry rank for SpotLite360 IOT Solutions's Days Inventory or its related term are showing as below:

XCNQ:LITE' s Days Inventory Range Over the Past 10 Years
Min: 471.27 Med: 471.27 Max: 785.91
Current: 785.91

During the past 3 years, SpotLite360 IOT Solutions's highest Days Inventory was 785.91. The lowest was 471.27. And the median was 471.27.

XCNQ:LITE's Days Inventory is ranked worse than
99.14% of 466 companies
in the Healthcare Providers & Services industry
Industry Median: 32.575 vs XCNQ:LITE: 785.91

SpotLite360 IOT Solutions's Days Inventory stayed the same from Sep. 2022 (0.00) to Sep. 2023 (0.00).

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. SpotLite360 IOT Solutions's Inventory Turnover for the three months ended in Sep. 2023 was 0.00.

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.

SpotLite360 IOT Solutions Days Inventory Historical Data

The historical data trend for SpotLite360 IOT Solutions'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.

SpotLite360 IOT Solutions Days Inventory Chart

SpotLite360 IOT Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

471.27

SpotLite360 IOT Solutions Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial									-	199.00	-	-	-

Competitive Comparison of SpotLite360 IOT Solutions's Days Inventory

For the Health Information Services subindustry, SpotLite360 IOT Solutions'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.

SpotLite360 IOT Solutions's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, SpotLite360 IOT Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where SpotLite360 IOT Solutions's Days Inventory falls into.

SpotLite360 IOT Solutions Days Inventory Calculation

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

SpotLite360 IOT Solutions'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	+	0.102)	/	1 )	/	0.079	*	365
=	0.102					/	0.079	*	365
=	471.27

SpotLite360 IOT Solutions'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
=	( (0.099	+	0.101)	/	2 )	/	0	*	365 / 4
=	0.1					/	0	*	365 / 4
=	N/A

SpotLite360 IOT Solutions (XCNQ:LITE) 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.

SpotLite360 IOT Solutions's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0.1
	=	0.00

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.

SpotLite360 IOT Solutions's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1	/	0
	=

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.

SpotLite360 IOT Solutions Days Inventory Related Terms

Thank you for viewing the detailed overview of SpotLite360 IOT Solutions's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

SpotLite360 IOT Solutions (XCNQ:LITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » SpotLite360 IOT Solutions Inc (XCNQ:LITE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SPLTF:USA

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.spotlite360.com

SpotLite360 IOT Solutions Inc is a supply chain and healthcare company focused on the delivery of a SaaS-based supply chain execution and sustainability platform for enterprise customers in the pharmaceutical, healthcare, and agricultural industries. Its Spotlite360 Software meets the customer needs for supply chain execution, tracing, tracking, and sustainability.