Medical Marijuana (Medical Marijuana) Days Inventory : 163.45 (As of Dec. 2017)

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What is Medical Marijuana Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Medical Marijuana's Average Total Inventories for the six months ended in Dec. 2017 was $3.63 Mil. Medical Marijuana's Cost of Goods Sold for the six months ended in Dec. 2017 was $8.11 Mil. Hence, Medical Marijuana's Days Inventory for the six months ended in Dec. 2017 was 81.72.

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

MJNA's Days Inventory is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 158.79
* Ranked among companies with meaningful Days Inventory only.

Medical Marijuana's Days Inventory declined from Dec. 2015 (374.90) to Dec. 2017 (163.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Medical Marijuana's Inventory Turnover for the six months ended in Dec. 2017 was 2.23.

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. Medical Marijuana's Inventory-to-Revenue for the six months ended in Dec. 2017 was 0.14.

Medical Marijuana Days Inventory Historical Data

The historical data trend for Medical Marijuana'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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Medical Marijuana Days Inventory Chart

Medical Marijuana Annual Data

Trend

Dec09

Dec10

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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751.61

81.63

374.90

440.31

163.45

Medical Marijuana Semi-Annual Data
	Dec09	Dec10	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Days Inventory	Get a 7-Day Free Trial			751.61	81.63	374.90	440.31	163.45

Competitive Comparison of Medical Marijuana's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Medical Marijuana'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.

Medical Marijuana's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Medical Marijuana's Days Inventory distribution charts can be found below:

* The bar in red indicates where Medical Marijuana's Days Inventory falls into.

Medical Marijuana Days Inventory Calculation

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

Medical Marijuana's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (3.411	+	3.856)	/	2 )	/	8.114	*	365
=	3.6335					/	8.114	*	365
=	163.45

Medical Marijuana's Days Inventory for the quarter that ended in Dec. 2017 is calculated as:

	Days Inventory (Q: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2016 )	+	Total Inventories (Q: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
=	( (3.411	+	3.856)	/	2 )	/	8.114	*	365 / 2
=	3.6335					/	8.114	*	365 / 2
=	81.72

Medical Marijuana (OTCPK:MJNA) 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.

Medical Marijuana's Inventory Turnover for the six months ended in Dec. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.114	/	3.6335
	=	2.23

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.

Medical Marijuana's Inventory to Revenue for the six months ended in Dec. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.6335	/	26.523
	=	0.14

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.

Medical Marijuana Days Inventory Related Terms

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

Medical Marijuana (Medical Marijuana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medical Marijuana Inc (OTCPK:MJNA) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

2384 La Mirada Drive, Vista, CA, USA, 92081

Website

https://www.medicalmarijuanainc.com

Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.