AI/ML Innovations (AI/ML Innovations) Days Inventory : 5.37 (As of Jan. 2024)

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What is AI/ML Innovations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AI/ML Innovations's Average Total Inventories for the three months ended in Jan. 2024 was $0.00 Mil. AI/ML Innovations's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.05 Mil. Hence, AI/ML Innovations's Days Inventory for the three months ended in Jan. 2024 was 5.37.

The historical rank and industry rank for AI/ML Innovations's Days Inventory or its related term are showing as below:

AIMLF' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4.75
Current: 4.75

During the past 13 years, AI/ML Innovations's highest Days Inventory was 4.75. The lowest was 0.00. And the median was 0.00.

AIMLF's Days Inventory is ranked better than
90.13% of 466 companies
in the Healthcare Providers & Services industry
Industry Median: 32.575 vs AIMLF: 4.75

AI/ML Innovations's Days Inventory increased from Oct. 2022 (0.00) to Jan. 2024 (5.37). It might indicate that AI/ML Innovations's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AI/ML Innovations's Inventory Turnover for the three months ended in Jan. 2024 was 17.00.

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. AI/ML Innovations's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.02.

AI/ML Innovations Days Inventory Historical Data

The historical data trend for AI/ML Innovations'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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AI/ML Innovations Days Inventory Chart

AI/ML Innovations Annual Data

Trend

Apr13

Apr14

Apr15

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Apr19

Apr20

Apr21

Apr22

Days Inventory

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AI/ML Innovations Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															-	-	-	1.55	5.37

Competitive Comparison of AI/ML Innovations's Days Inventory

For the Health Information Services subindustry, AI/ML Innovations'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.

AI/ML Innovations's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, AI/ML Innovations's Days Inventory distribution charts can be found below:

* The bar in red indicates where AI/ML Innovations's Days Inventory falls into.

AI/ML Innovations Days Inventory Calculation

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

AI/ML Innovations's Days Inventory for the fiscal year that ended in Apr. 2022 is calculated as

	Days Inventory (A: Apr. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2021 )	+	Total Inventories (A: Apr. 2022 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2022 )	*	Days in Period
=	( (0.002	+	0.004)	/	2 )	/	0	*	365
=	0.003					/	0	*	365
=	N/A

AI/ML Innovations'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
=	( (0.003	+	0.003)	/	2 )	/	0.051	*	365 / 4
=	0.003					/	0.051	*	365 / 4
=	5.37

AI/ML Innovations (OTCPK:AIMLF) 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.

AI/ML Innovations's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.051	/	0.003
	=	17.00

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.

AI/ML Innovations's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.003	/	0.132
	=	0.02

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.

AI/ML Innovations Days Inventory Related Terms

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AI/ML Innovations (AI/ML Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » AI/ML Innovations Inc (OTCPK:AIMLF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

42FB:Germany AIML:Canada

Address

645 Fort Street, Suite 203, Victoria, BC, CAN, V8W 1G2

Website

https://www.aiml-innovations.com

AI/ML Innovations Inc has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence and machine learning, with an initial investment focus on emerging digital health and wellbeing companies that leverage AI, ML, cloud computing and digital platforms to drive transformative healthcare management solutions and precision support delivery across the health continuum. The company has strategic partnerships with Health Gauge, Tech2Health and other planned accretive investments.