ICEsoft Technologies Canada (XCNQ:ISFT) Days Inventory : 0.00 (As of Dec. 2023)

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What is ICEsoft Technologies Canada Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ICEsoft Technologies Canada's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. ICEsoft Technologies Canada's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.10 Mil. Hence, ICEsoft Technologies Canada's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for ICEsoft Technologies Canada's Days Inventory or its related term are showing as below:

XCNQ:ISFT's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 19.53
* Ranked among companies with meaningful Days Inventory only.

ICEsoft Technologies Canada'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. ICEsoft Technologies Canada's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

ICEsoft Technologies Canada Days Inventory Historical Data

The historical data trend for ICEsoft Technologies Canada'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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ICEsoft Technologies Canada Days Inventory Chart

ICEsoft Technologies Canada Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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ICEsoft Technologies Canada 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															-	-	-	-	-

Competitive Comparison of ICEsoft Technologies Canada's Days Inventory

For the Software - Application subindustry, ICEsoft Technologies Canada'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.

ICEsoft Technologies Canada's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, ICEsoft Technologies Canada's Days Inventory distribution charts can be found below:

* The bar in red indicates where ICEsoft Technologies Canada's Days Inventory falls into.

ICEsoft Technologies Canada Days Inventory Calculation

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

ICEsoft Technologies Canada'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	+	0)	/	1 )	/	0.512	*	365
=	0					/	0.512	*	365
=	0.00

ICEsoft Technologies Canada'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	+	0)	/	1 )	/	0.103	*	365 / 4
=	0					/	0.103	*	365 / 4
=	0.00

ICEsoft Technologies Canada (XCNQ:ISFT) 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.

ICEsoft Technologies Canada's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.103	/	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.

ICEsoft Technologies Canada's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.436
	=	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.

ICEsoft Technologies Canada Days Inventory Related Terms

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

ICEsoft Technologies Canada (XCNQ:ISFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICEsoft Technologies Canada Corp (XCNQ:ISFT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3553 31st St. NW, Suite 261, Calgary, AB, CAN, T2L 2K7

Website

https://www.icesoft.com

ICEsoft Technologies Canada Corp and its subsidiaries are commercial Java open-source technology companies and providers of mobile-rich Internet applications development solutions for desktop and mobile enterprises. The solutions offered by the company include Voyent Alert, ICEfaces, and ICEpdf.

Executives

Steven Mark Francis	Director
Brian Clifford Mckinney	10% Security Holder, Director, Senior Officer

ICEsoft Technologies Canada (XCNQ:ISFT) Headlines

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