Days Inventory is also known as Days Sales of Inventory (DSI). MariMed's Average Total Inventories for the
three
months ended in Dec. 2023 was $24.8 Mil. MariMed's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $21.6 Mil.
Hence, MariMed's Days Inventory for the
three
months ended in Dec. 2023 was 104.67.
The historical rank and industry rank for MariMed's Days Inventory or its related term are showing as below:
MRMD'
s Days Inventory Range Over the Past 10 Years
Min: 8.13 Med: 64.98 Max: 102.86
Current: 102.86
During the past 13 years, MariMed's highest Days Inventory was 102.86. The lowest was 8.13. And the median was 64.98.
MRMD's Days Inventory is ranked better than 75.44% of 973
companies
in the Drug Manufacturers industry
Industry Median: 157.9
vs MRMD: 102.86
MariMed's Days Inventory
increased
from Dec. 2022 (86.12) to Dec. 2023 (104.67).
It might indicate that MariMed's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
MariMed's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.87.
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.
MariMed's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.64.
MariMed Days Inventory Historical Data
The historical data trend for MariMed'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.
Competitive Comparison of MariMed's Days Inventory
For the Drug Manufacturers - Specialty & Generic subindustry, MariMed'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.
MariMed's Days Inventory Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, MariMed's Days Inventory distribution charts can be found below:
* The bar in red indicates where MariMed's Days Inventory falls into.
MariMed Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MariMed's Days Inventory for the fiscal year that 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.
MariMed (OTCPK:MRMD) 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.
MariMed'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.
MariMed'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.
MariMed Days Inventory Related Terms
Thank you for viewing the detailed overview of MariMed's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MariMed Inc is a multi-state operator in the United States cannabis industry. It develops, operates, manages, and optimizes regulatory-compliant facilities for the cultivation, production, and dispensing of medical and adult-use cannabis. MariMed also licenses its proprietary brands of cannabis products along with other top brands in domestic markets Sources of revenue are comprised of Product sales (retail and wholesale), Real estate rental income, Supply procurement, Management fees, and Licensing fees.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MRMD has been successfully added to your 