Days Inventory is also known as Days Sales of Inventory (DSI). Sugarmade's Average Total Inventories for the
three
months ended in Dec. 2022 was $0.40 Mil. Sugarmade's Cost of Goods Sold for the
three
months ended in Dec. 2022 was $0.26 Mil.
Hence, Sugarmade's Days Inventory for the
three
months ended in Dec. 2022 was 141.31.
The historical rank and industry rank for Sugarmade's Days Inventory or its related term are showing as below:
SGMD'
s Days Inventory Range Over the Past 10 Years
Min: 48.05 Med: 67.67 Max: 462.33
Current: 75.7
During the past 13 years, Sugarmade's highest Days Inventory was 462.33. The lowest was 48.05. And the median was 67.67.
SGMD's Days Inventory is ranked better than 63.31% of 278
companies
in the Forest Products industry
Industry Median: 88.235
vs SGMD: 75.70
Sugarmade's Days Inventory
increased
from Dec. 2021 (123.74) to Dec. 2022 (141.31).
It might indicate that Sugarmade's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sugarmade's Inventory Turnover for the
three
months ended in Dec. 2022 was 0.65.
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.
Sugarmade's Inventory-to-Revenue for the
three
months ended in Dec. 2022 was 0.80.
Sugarmade Days Inventory Historical Data
The historical data trend for Sugarmade'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 Sugarmade's Days Inventory
For the Paper & Paper Products subindustry, Sugarmade'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.
Sugarmade's Days Inventory Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Sugarmade's Days Inventory distribution charts can be found below:
* The bar in red indicates where Sugarmade's Days Inventory falls into.
Sugarmade Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sugarmade's Days Inventory for the fiscal year that ended in Jun. 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.
Sugarmade (OTCPK:SGMD) 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.
Sugarmade's Inventory Turnover for the
three
months ended in Dec. 2022 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.
Sugarmade's Inventory to Revenue for the
three
months ended in Dec. 2022 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.
Sugarmade Days Inventory Related Terms
Thank you for viewing the detailed overview of Sugarmade's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Sugarmade Inc is engaged in the marketing and distribution of environmentally friendly non-tree-based paper products. It offers products such as double poly paper cups for cold beverages; disposable, clear, plastic cold cups, paper coffee cups, yogurt cups, ice cream cups, cup lids, cup sleeves, food containers, soup containers, plastic spoons, and many other similar products for this market sector. The company operates under through Carry Out Supplies Subsidiary brand. In addition, it is also involved in the manufacturing and distribution of products and technologies that support the legal cultivation and processing of cannabis and other agricultural products.
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