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CardioComm Solutions (TSXV:EKG) Days Inventory : 138.63 (As of Dec. 2023)


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What is CardioComm Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CardioComm Solutions's Average Total Inventories for the three months ended in Dec. 2023 was C$0.04 Mil. CardioComm Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.03 Mil. Hence, CardioComm Solutions's Days Inventory for the three months ended in Dec. 2023 was 138.63.

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

TSXV:EKG' s Days Inventory Range Over the Past 10 Years
Min: 64.87   Med: 255   Max: 543.53
Current: 118.05

During the past 13 years, CardioComm Solutions's highest Days Inventory was 543.53. The lowest was 64.87. And the median was 255.00.

TSXV:EKG's Days Inventory is ranked worse than
85.87% of 467 companies
in the Healthcare Providers & Services industry
Industry Median: 32.66 vs TSXV:EKG: 118.05

CardioComm Solutions's Days Inventory increased from Dec. 2022 (48.04) to Dec. 2023 (138.63). It might indicate that CardioComm Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CardioComm Solutions's Inventory Turnover for the three months ended in Dec. 2023 was 0.66.

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. CardioComm Solutions's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.23.


CardioComm Solutions Days Inventory Historical Data

The historical data trend for CardioComm Solutions'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.

CardioComm Solutions Days Inventory Chart

CardioComm Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 165.45 277.40 543.53 64.87 119.27

CardioComm Solutions 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 48.04 48.88 496.17 342.19 138.63

Competitive Comparison of CardioComm Solutions's Days Inventory

For the Health Information Services subindustry, CardioComm Solutions'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.


CardioComm Solutions's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CardioComm Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where CardioComm Solutions's Days Inventory falls into.



CardioComm Solutions Days Inventory Calculation

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

CardioComm Solutions'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
=( (0.041 + 0.042) / 2 ) / 0.127*365
=0.0415 / 0.127*365
=119.27

CardioComm Solutions'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
=( (0.037 + 0.042) / 2 ) / 0.026*365 / 4
=0.0395 / 0.026*365 / 4
=138.63

* 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.


CardioComm Solutions  (TSXV:EKG) 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.

CardioComm Solutions'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.

CardioComm Solutions'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.


CardioComm Solutions Days Inventory Related Terms

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


CardioComm Solutions (TSXV:EKG) Business Description

Traded in Other Exchanges
Address
18 Wynford Drive, Suite 305, North York, ON, CAN, M3C 3S2
CardioComm Solutions Inc develops advanced software, hardware and core laboratory reading services related to the electrocardiogram ("ECG") and ambulatory arrhythmia monitoring systems for medical and consumer markets. It engages in the provision of management software solutions. It specializes in software engineering of computer-based electrocardiogram management and reporting software. The company's products include software, Gems Win, Global ECG Management System, GlobalCardio 12 lead; hardware, include handheld ECG monitor; Asp Services, include ECG management service and smart monitoring; software modules, consists of Win Air, Auto attendant, HL7 interface and EMR integration; and other products, include ECG viewer SDK and QRS 12 lead universal.
Executives
Steven Vincent Benyo Director

CardioComm Solutions (TSXV:EKG) Headlines