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Nextech3d AI (XCNQ:NTAR) Days Inventory : 0.00 (As of Mar. 2024)


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What is Nextech3d AI Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nextech3d AI's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. Nextech3d AI's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.50 Mil. Hence, Nextech3d AI's Days Inventory for the three months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for Nextech3d AI's Days Inventory or its related term are showing as below:

XCNQ:NTAR' s Days Inventory Range Over the Past 10 Years
Min: 4.58   Med: 206.54   Max: 393.41
Current: 4.95

During the past 6 years, Nextech3d AI's highest Days Inventory was 393.41. The lowest was 4.58. And the median was 206.54.

XCNQ:NTAR's Days Inventory is ranked better than
97.39% of 1071 companies
in the Retail - Cyclical industry
Industry Median: 109.96 vs XCNQ:NTAR: 4.95

Nextech3d AI's Days Inventory declined from Mar. 2023 (5.35) to Mar. 2024 (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. Nextech3d AI's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.


Nextech3d AI Days Inventory Historical Data

The historical data trend for Nextech3d AI'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.

Nextech3d AI Days Inventory Chart

Nextech3d AI Annual Data
Trend May18 May19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 206.54 88.33 249.88 393.41 4.58

Nextech3d AI Quarterly Data
May19 Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.35 - - - -

Competitive Comparison of Nextech3d AI's Days Inventory

For the Internet Retail subindustry, Nextech3d AI'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.


Nextech3d AI's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nextech3d AI's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nextech3d AI's Days Inventory falls into.



Nextech3d AI Days Inventory Calculation

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

Nextech3d AI'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
=( (0.045 + 0) / 1 ) / 3.586*365
=0.045 / 3.586*365
=4.58

Nextech3d AI's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.499*365 / 4
=0 / 0.499*365 / 4
=0.00

* 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.


Nextech3d AI  (XCNQ:NTAR) 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.

Nextech3d AI's Inventory Turnover for the three months ended in Mar. 2024 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.

Nextech3d AI's Inventory to Revenue for the three months ended in Mar. 2024 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.


Nextech3d AI Days Inventory Related Terms

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Nextech3d AI (XCNQ:NTAR) Business Description

Traded in Other Exchanges
Address
Toronto Rpo Royal Bank Plaza, Po Box 64039, Toronto, ON, CAN, M5J 2T6
Nextech3d AI Corp is a diversified technology company that leverages proprietary artificial intelligence (AI) to create 3D models and experiences. Its main businesses are creating 3D models for Amazon as well as many other e-commerce retailers. The company develops and acquires disruptive technologies and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a ownership stake in the public spin-out.

Nextech3d AI (XCNQ:NTAR) Headlines

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