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CleanGo Innovations (CleanGo Innovations) Days Inventory : 160.42 (As of Dec. 2023)


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What is CleanGo Innovations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CleanGo Innovations's Average Total Inventories for the three months ended in Dec. 2023 was $0.05 Mil. CleanGo Innovations's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.03 Mil. Hence, CleanGo Innovations's Days Inventory for the three months ended in Dec. 2023 was 160.42.

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

CLGOF' s Days Inventory Range Over the Past 10 Years
Min: 197.94   Med: 303.6   Max: 570.14
Current: 200.05

During the past 8 years, CleanGo Innovations's highest Days Inventory was 570.14. The lowest was 197.94. And the median was 303.60.

CLGOF's Days Inventory is ranked worse than
86.78% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs CLGOF: 200.05

CleanGo Innovations's Days Inventory increased from Dec. 2022 (79.94) to Dec. 2023 (160.42). It might indicate that CleanGo Innovations's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CleanGo Innovations's Inventory Turnover for the three months ended in Dec. 2023 was 0.57.

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. CleanGo Innovations's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.16.


CleanGo Innovations Days Inventory Historical Data

The historical data trend for CleanGo 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.

* Premium members only.

CleanGo Innovations Days Inventory Chart

CleanGo Innovations Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial - 385.42 567.38 232.17 199.61

CleanGo Innovations 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.94 949.00 85.55 828.85 160.42

Competitive Comparison of CleanGo Innovations's Days Inventory

For the Household & Personal Products subindustry, CleanGo 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.


CleanGo Innovations's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CleanGo Innovations's Days Inventory distribution charts can be found below:

* The bar in red indicates where CleanGo Innovations's Days Inventory falls into.



CleanGo Innovations Days Inventory Calculation

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

CleanGo Innovations'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
=( (0.052 + 0.053) / 2 ) / 0.096*365
=0.0525 / 0.096*365
=199.61

CleanGo Innovations'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
=( (0.056 + 0.053) / 2 ) / 0.031*365 / 4
=0.0545 / 0.031*365 / 4
=160.42

* 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.


CleanGo Innovations  (OTCPK:CLGOF) 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.

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

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.

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

* 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.


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.


CleanGo Innovations Days Inventory Related Terms

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


CleanGo Innovations (CleanGo Innovations) Business Description

Traded in Other Exchanges
Address
1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6
CleanGo Innovations Inc is to manufacture and sells cleaning, disinfecting and industrial solutions using a proprietary formulation that is non-toxic, biodegradable, and uses no harsh chemicals to provide a green cleaning, disinfecting, and emulsifying solution. This Company also manufactures hand sanitizer gel and wipes which are sold throughout the USA and Canada.