The historical rank and industry rank for Greenlane Holdings's Days Inventory or its related term are showing as below:
GNLN'
s Days Inventory Range Over the Past 10 Years
Min: 55.64 Med: 105.51 Max: 223.52
Current: 223.52
During the past 6 years, Greenlane Holdings's highest Days Inventory was 223.52. The lowest was 55.64. And the median was 105.51.
GNLN's Days Inventory is ranked worse than 72.55% of 51
companies
in the Tobacco Products industry
Industry Median: 126.03
vs GNLN: 223.52
Greenlane Holdings's Days Inventory
increased
from Sep. 2022 (209.16) to Sep. 2023 (276.13).
It might indicate that Greenlane Holdings'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.
Greenlane Holdings's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.33.
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.
Greenlane Holdings's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 2.22.
Greenlane Holdings Days Inventory Historical Data
The historical data trend for Greenlane 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.
Competitive Comparison of Greenlane Holdings's Days Inventory
For the Tobacco subindustry, Greenlane 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.
Greenlane Holdings's Days Inventory Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Greenlane Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Greenlane Holdings's Days Inventory falls into.
Greenlane Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Greenlane Holdings's Days Inventory for the fiscal year that 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.
Greenlane Holdings (NAS:GNLN) 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.
Greenlane Holdings's Inventory Turnover for the
three
months ended in Sep. 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.
Greenlane Holdings's Inventory to Revenue for the
three
months ended in Sep. 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.
Greenlane Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of Greenlane Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenlane Holdings (Greenlane Holdings) Business Description
Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States.
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