FirstWave Cloud Technology (ASX:FCT) Days Inventory : 0.00 (As of Dec. 2023)

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What is FirstWave Cloud Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FirstWave Cloud Technology's Average Total Inventories for the six months ended in Dec. 2023 was A$0.00 Mil. FirstWave Cloud Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.13 Mil. Hence, FirstWave Cloud Technology's Days Inventory for the six months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for FirstWave Cloud Technology's Days Inventory or its related term are showing as below:

ASX:FCT's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.99
* Ranked among companies with meaningful Days Inventory only.

FirstWave Cloud Technology's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. FirstWave Cloud Technology's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

FirstWave Cloud Technology Days Inventory Historical Data

The historical data trend for FirstWave Cloud Technology'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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FirstWave Cloud Technology Days Inventory Chart

FirstWave Cloud Technology Annual Data

Trend

Jun14

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Days Inventory

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FirstWave Cloud Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of FirstWave Cloud Technology's Days Inventory

For the Software - Infrastructure subindustry, FirstWave Cloud Technology'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.

FirstWave Cloud Technology's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, FirstWave Cloud Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where FirstWave Cloud Technology's Days Inventory falls into.

FirstWave Cloud Technology Days Inventory Calculation

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

FirstWave Cloud Technology'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	+	0)	/	1 )	/	2.858	*	365
=	0					/	2.858	*	365
=	0.00

FirstWave Cloud Technology'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.126	*	365 / 2
=	0					/	1.126	*	365 / 2
=	0.00

FirstWave Cloud Technology (ASX:FCT) 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.

FirstWave Cloud Technology's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.126	/	0
	=

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.

FirstWave Cloud Technology's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	5.782
	=	0.00

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.

FirstWave Cloud Technology Days Inventory Related Terms

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FirstWave Cloud Technology (ASX:FCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FirstWave Cloud Technology Ltd (ASX:FCT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

132 Arthur Street, Level 14, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.firstwave.com

FirstWave Cloud Technology Ltd is engaged in the development and sale of internet security software. The products of the company include NMIS which is a open source network management software, CyberCision Platform, Email security, Web security among others. The company has one reportable segment being the development and sale of internet security software.