CanadaBis Capital (CanadaBis Capital) Days Inventory : 256.46 (As of Jan. 2024)

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What is CanadaBis Capital Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CanadaBis Capital's Average Total Inventories for the three months ended in Jan. 2024 was $4.71 Mil. CanadaBis Capital's Cost of Goods Sold for the three months ended in Jan. 2024 was $1.68 Mil. Hence, CanadaBis Capital's Days Inventory for the three months ended in Jan. 2024 was 256.46.

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

CNADF' s Days Inventory Range Over the Past 10 Years
Min: 71.45 Med: 127.12 Max: 970.74
Current: 189.55

During the past 8 years, CanadaBis Capital's highest Days Inventory was 970.74. The lowest was 71.45. And the median was 127.12.

CNADF's Days Inventory is ranked worse than
62.29% of 968 companies
in the Drug Manufacturers industry
Industry Median: 158.79 vs CNADF: 189.55

CanadaBis Capital's Days Inventory increased from Jan. 2023 (94.75) to Jan. 2024 (256.46). It might indicate that CanadaBis Capital'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. CanadaBis Capital's Inventory Turnover for the three months ended in Jan. 2024 was 0.36.

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. CanadaBis Capital's Inventory-to-Revenue for the three months ended in Jan. 2024 was 1.47.

CanadaBis Capital Days Inventory Historical Data

The historical data trend for CanadaBis Capital'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.

CanadaBis Capital Days Inventory Chart

CanadaBis Capital Annual Data

Trend

Nov16

Dec17

Dec18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Inventory

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963.19

71.60

97.48

128.30

155.38

CanadaBis Capital Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															94.75	101.95	332.40	174.26	256.46

Competitive Comparison of CanadaBis Capital's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, CanadaBis Capital'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.

CanadaBis Capital's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where CanadaBis Capital's Days Inventory falls into.

CanadaBis Capital Days Inventory Calculation

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

CanadaBis Capital's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (2.316	+	4.411)	/	2 )	/	7.901	*	365
=	3.3635					/	7.901	*	365
=	155.38

CanadaBis Capital's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (4.263	+	5.158)	/	2 )	/	1.676	*	365 / 4
=	4.7105					/	1.676	*	365 / 4
=	256.46

CanadaBis Capital (OTCPK:CNADF) 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.

CanadaBis Capital's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.676	/	4.7105
	=	0.36

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.

CanadaBis Capital's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.7105	/	3.21
	=	1.47

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.

CanadaBis Capital Days Inventory Related Terms

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

CanadaBis Capital (CanadaBis Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CanadaBis Capital Inc (OTCPK:CNADF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CANB:Canada

Address

PO Box 850, Rocky Mountain House, AB, CAN, T4T 1A6

Website

https://www.canadabis.com

CanadaBis Capital Inc is a vertically-integrated cannabis company. The firm engages in the production and sale of recreational cannabis. Its product line consists of Stigma Roots. It operates in three segments: wholesale, retail, and extraction and tolling. The wholesale segment cultivates and distributes cannabis and cannabis products to and through, provincial liquor and cannabis boards. Retail segment involves sale of cannabis and cannabis-related products to end consumers on-premise owned and operated by the Company. Extraction and tolling segment provides cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extraction and tolling.