COVA Acquisition (COVA Acquisition) Days Inventory : 0.00 (As of Sep. 2022)

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What is COVA Acquisition Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). COVA Acquisition's Average Total Inventories for the three months ended in Sep. 2022 was $0.00 Mil. COVA Acquisition's Cost of Goods Sold for the three months ended in Sep. 2022 was $0.00 Mil.

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

COVA's Days Inventory is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 69.33
* Ranked among companies with meaningful Days Inventory only.

COVA Acquisition's Days Inventory stayed the same from Sep. 2021 (0.00) to Sep. 2022 (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.

COVA Acquisition Days Inventory Historical Data

The historical data trend for COVA Acquisition'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.

COVA Acquisition Days Inventory Chart

COVA Acquisition Annual Data

Trend

Dec20

Dec21

Days Inventory

COVA Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of COVA Acquisition's Days Inventory

For the Shell Companies subindustry, COVA Acquisition'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.

COVA Acquisition's Days Inventory Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, COVA Acquisition's Days Inventory distribution charts can be found below:

* The bar in red indicates where COVA Acquisition's Days Inventory falls into.

COVA Acquisition Days Inventory Calculation

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

COVA Acquisition's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

COVA Acquisition's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

COVA Acquisition (NAS:COVA) 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.

COVA Acquisition's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

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

COVA Acquisition's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

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

COVA Acquisition Days Inventory Related Terms

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

COVA Acquisition (COVA Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » COVA Acquisition Corp (NAS:COVA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

530 Bush Street, Suite 703, San Francisco, CA, USA, 94108

Website

https://covaacquisitioncorp.com

COVA Acquisition Corp is a blank check company.

Executives

Jun Hong Heng	director, 10 percent owner, officer: Chairman, CEO and CFO	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Dhillon Karanveer K.v.	director, officer: President	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Cova Acquisition Sponsor Llc	10 percent owner	C/O COVA ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Pandu Sjahrir	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Alvin Sariaatmadja	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Jack Smith	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108

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