Star Navigation Systems Group (XCNQ:SNA) Days Inventory : 102.10 (As of Dec. 2023)

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What is Star Navigation Systems Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Star Navigation Systems Group's Average Total Inventories for the three months ended in Dec. 2023 was C$0.16 Mil. Star Navigation Systems Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.14 Mil. Hence, Star Navigation Systems Group's Days Inventory for the three months ended in Dec. 2023 was 102.10.

The historical rank and industry rank for Star Navigation Systems Group's Days Inventory or its related term are showing as below:

XCNQ:SNA' s Days Inventory Range Over the Past 10 Years
Min: 7.35 Med: 91.58 Max: 2423.19
Current: 29.2

During the past 13 years, Star Navigation Systems Group's highest Days Inventory was 2423.19. The lowest was 7.35. And the median was 91.58.

XCNQ:SNA's Days Inventory is ranked better than
90.28% of 288 companies
in the Aerospace & Defense industry
Industry Median: 147.49 vs XCNQ:SNA: 29.20

Star Navigation Systems Group's Days Inventory increased from Dec. 2022 (14.21) to Dec. 2023 (102.10). It might indicate that Star Navigation Systems Group'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. Star Navigation Systems Group's Inventory Turnover for the three months ended in Dec. 2023 was 0.89.

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. Star Navigation Systems Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 26.67.

Star Navigation Systems Group Days Inventory Historical Data

The historical data trend for Star Navigation Systems Group'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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Star Navigation Systems Group Days Inventory Chart

Star Navigation Systems Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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87.62

7.35

13.40

Star Navigation Systems Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															14.21	21.40	10.94	31.91	102.10

Competitive Comparison of Star Navigation Systems Group's Days Inventory

For the Aerospace & Defense subindustry, Star Navigation Systems Group'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.

Star Navigation Systems Group's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Star Navigation Systems Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Star Navigation Systems Group's Days Inventory falls into.

Star Navigation Systems Group Days Inventory Calculation

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

Star Navigation Systems Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.038	+	0.096)	/	2 )	/	1.825	*	365
=	0.067					/	1.825	*	365
=	13.40

Star Navigation Systems Group'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
=	( (0.16	+	0.16)	/	2 )	/	0.143	*	365 / 4
=	0.16					/	0.143	*	365 / 4
=	102.10

Star Navigation Systems Group (XCNQ:SNA) 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.

Star Navigation Systems Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.143	/	0.16
	=	0.89

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.

Star Navigation Systems Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.16	/	0.006
	=	26.67

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.

Star Navigation Systems Group Days Inventory Related Terms

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

Star Navigation Systems Group (XCNQ:SNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Star Navigation Systems Group Ltd (XCNQ:SNA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SNAVF:USA

Address

11 Kenview Boulevard, Brampton, ON, CAN, L6T 5G5

Website

https://www.star-navigation.com

Star Navigation Systems Group Ltd is focused on providing Aerospace Solutions. It is centred on devoting all its activity to the development, marketing and promotion of an in-flight Safety Monitoring System (STAR-ISMS), whereby data from an aircraft can be transmitted to ground stations for the duration of a flight. The services provided by the company include consultation, monitoring, maintenance, training and customer service. The group operates and generates revenue in Canada.

Executives

Jean-louis Larmor

Senior Officer