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Days Inventory is also known as Days Sales of Inventory (DSI). Clever Leaves Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $6.10 Mil. Clever Leaves Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.98 Mil. Hence, Clever Leaves Holdings's Days Inventory for the three months ended in Dec. 2023 was 111.61.
The historical rank and industry rank for Clever Leaves Holdings's Days Inventory or its related term are showing as below:
During the past 5 years, Clever Leaves Holdings's highest Days Inventory was 605.46. The lowest was 216.46. And the median was 472.62.
Clever Leaves Holdings's Days Inventory declined from Dec. 2022 (321.25) to Dec. 2023 (111.61).
Inventory Turnover measures how fast the company turns over its inventory within a year. Clever Leaves Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.82.
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. Clever Leaves Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.31.
The historical data trend for Clever Leaves Holdings'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.
Clever Leaves Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Days Inventory | 417.76 | 605.46 | 545.43 | 472.62 | 216.46 |
Clever Leaves Holdings Quarterly Data | |||||||||||||||||
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 | 321.25 | 429.41 | 313.31 | 368.77 | 111.61 |
For the Drug Manufacturers - Specialty & Generic subindustry, Clever Leaves Holdings'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.
For the Drug Manufacturers industry and Healthcare sector, Clever Leaves Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Clever Leaves Holdings's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Clever Leaves Holdings'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 |
= | ( (8.399 | + | 4.483) | / | 2 ) | / | 10.861 | * | 365 |
= | 6.441 | / | 10.861 | * | 365 | ||||
= | 216.46 |
Clever Leaves Holdings'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 |
= | ( (7.709 | + | 4.483) | / | 2 ) | / | 4.984 | * | 365 / 4 |
= | 6.096 | / | 4.984 | * | 365 / 4 | ||||
= | 111.61 |
* 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.
Clever Leaves Holdings (NAS:CLVR) 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.
Clever Leaves Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 4.984 | / | 6.096 | |
= | 0.82 |
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.
Clever Leaves Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 6.096 | / | 4.638 | |
= | 1.31 |
* 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.
Thank you for viewing the detailed overview of Clever Leaves Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Andres Fajardo | director, officer: President | CLEVER LEAVES HOLDINGS INC., 489 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10017 |
Julian Wilches | officer: Chief Regulatory Officer | CLEVER LEAVES HOLDINGS INC., 489 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10017 |
Hague Henry R Iii | officer: Chief Financial Officer | 489 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10017 |
Gary M Julien | director | ONE LANDMARK SQUARE, 22ND FLOOR, STAMFORD CT 06901 |
William Muecke | director | C/O CLEVER LEAVES HOLDINGS, 6501 CONGRESS AVE, SUITE 240, BOCA RATON FL 33487 |
David Kastin | officer: General Counsel | C/O VITAMIN SHOPPE, INC., SECAUCUS NJ 07094 |
Kyle Detwiler | director, officer: Chief Executive Officer | CLEVER LEAVES HOLDINGS INC., 489 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10017 |
George J Schultze | 10 percent owner | C/O SCHULTZE ASSET MANAGEMENT, LLC, 3000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Elisabeth H Demarse | director | CREDITCARDS.COM, 13809 RESEARCH BOULEVARD, SUITE 906, AUSTIN TX 78750 |
Etienne H. Deffarges | director | ACCRETIVE HEALTH, INC., 401 NORTH MICHIGAN AVENUE, SUITE 2700, CHICAGO IL 60611 |
Schultze Special Purpose Acquisition Sponsor, Llc | 10 percent owner | 800 WESTCHESTER AVENUE, SUITE 632, RYE BROOK NY 10573 |
Amit Pandey | officer: Interim CFO | CLEVER LEAVES HOLDINGS INC., 489 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10017 |
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