Grove Collaborative Holdings (Grove Collaborative Holdings) Days Inventory : 102.78 (As of Dec. 2023)

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What is Grove Collaborative Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grove Collaborative Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $30.7 Mil. Grove Collaborative Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $27.3 Mil. Hence, Grove Collaborative Holdings's Days Inventory for the three months ended in Dec. 2023 was 102.78.

The historical rank and industry rank for Grove Collaborative Holdings's Days Inventory or its related term are showing as below:

GROV' s Days Inventory Range Over the Past 10 Years
Min: 90.31 Med: 101.15 Max: 109.14
Current: 108.43

During the past 5 years, Grove Collaborative Holdings's highest Days Inventory was 109.14. The lowest was 90.31. And the median was 101.15.

GROV's Days Inventory is ranked worse than
64.59% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs GROV: 108.43

Grove Collaborative Holdings's Days Inventory declined from Dec. 2022 (116.46) to Dec. 2023 (102.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. Grove Collaborative Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.89.

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. Grove Collaborative Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.51.

Grove Collaborative Holdings Days Inventory Historical Data

The historical data trend for Grove Collaborative 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.

* Premium members only.

Grove Collaborative Holdings Days Inventory Chart

Grove Collaborative Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

90.31

94.47

107.82

109.14

Grove Collaborative Holdings Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial								116.46	113.11	108.30	107.62	102.78

Competitive Comparison of Grove Collaborative Holdings's Days Inventory

For the Household & Personal Products subindustry, Grove Collaborative 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.

Grove Collaborative Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grove Collaborative Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Grove Collaborative Holdings's Days Inventory falls into.

Grove Collaborative Holdings Days Inventory Calculation

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

Grove Collaborative 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
=	( (44.132	+	28.776)	/	2 )	/	121.919	*	365
=	36.454					/	121.919	*	365
=	109.14

Grove Collaborative 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
=	( (32.712	+	28.776)	/	2 )	/	27.295	*	365 / 4
=	30.744					/	27.295	*	365 / 4
=	102.78

Grove Collaborative Holdings (NYSE:GROV) 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.

Grove Collaborative Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27.295	/	30.744
	=	0.89

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.

Grove Collaborative Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.744	/	59.857
	=	0.51

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.

Grove Collaborative Holdings Days Inventory Related Terms

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

Grove Collaborative Holdings (Grove Collaborative Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grove Collaborative Holdings Inc (NYSE:GROV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1301 Sansome Street, San Francisco, CA, USA, 94111

Website

https://www.grove.co

Grove Collaborative Holdings Inc is engaged in providing consumer products. It offers Cleaning accessories, Home and Pantry, Personal care products, Pets supplements and Other products.

Executives

Christopher Clark	director, officer: Chief Digital Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Stuart Landesberg	director, 10 percent owner, officer: President & CEO	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Mayfield Xv, A Cayman Islands Exempted Limited Partnership	10 percent owner	2484 SAND HILL ROAD, MENLO PARK CA 94025
John B Replogle	director	C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
David A. Glazer	director	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Sergio Cervantes	officer: Chief Financial Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Jennie Perry	officer: Chief Marketing Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Sculptor Master Fund, Ltd.	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Kevin Michael Cleary	director	C/O GROVE COLLABORATIVE HOLDINGS, INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Oz Enhanced Master Fund, Ltd.	10 percent owner	9 WEST 57TH STREET, 39 FL., NEW YORK NY 10019
Sculptor Special Funding, Lp	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Corp	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Ii Llc	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Jon Erik Kossow	10 percent owner	525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94025
Kristine E Miller	director	C/O CABLE ONE, INC., 210 E EARLL DRIVE, PHOENIX AZ 85012