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Halo Collective (Halo Collective) Days Inventory : 570.90 (As of Jun. 2023)


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What is Halo Collective Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Halo Collective's Average Total Inventories for the three months ended in Jun. 2023 was $10.87 Mil. Halo Collective's Cost of Goods Sold for the three months ended in Jun. 2023 was $1.74 Mil. Hence, Halo Collective's Days Inventory for the three months ended in Jun. 2023 was 570.90.

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

HCANF' s Days Inventory Range Over the Past 10 Years
Min: 105.7   Med: 170.03   Max: 386.35
Current: 386.35

During the past 13 years, Halo Collective's highest Days Inventory was 386.35. The lowest was 105.70. And the median was 170.03.

HCANF's Days Inventory is ranked worse than
90.3% of 969 companies
in the Drug Manufacturers industry
Industry Median: 159.69 vs HCANF: 386.35

Halo Collective's Days Inventory increased from Jun. 2022 (363.16) to Jun. 2023 (570.90). It might indicate that Halo Collective'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. Halo Collective's Inventory Turnover for the three months ended in Jun. 2023 was 0.16.

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. Halo Collective's Inventory-to-Revenue for the three months ended in Jun. 2023 was 3.04.


Halo Collective Days Inventory Historical Data

The historical data trend for Halo Collective'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.

Halo Collective Days Inventory Chart

Halo Collective Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 105.70 184.17 155.89 267.36

Halo Collective Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 363.16 423.61 282.61 355.95 570.90

Competitive Comparison of Halo Collective's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Halo Collective'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.


Halo Collective's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Halo Collective's Days Inventory falls into.



Halo Collective Days Inventory Calculation

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

Halo Collective's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (16.82 + 11.53) / 2 ) / 19.352*365
=14.175 / 19.352*365
=267.36

Halo Collective's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (11.282 + 10.453) / 2 ) / 1.737*365 / 4
=10.8675 / 1.737*365 / 4
=570.90

* 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.


Halo Collective  (OTCPK:HCANF) 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.

Halo Collective's Inventory Turnover for the three months ended in Jun. 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.

Halo Collective's Inventory to Revenue for the three months 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.


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.


Halo Collective Days Inventory Related Terms

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


Halo Collective (Halo Collective) Business Description

Traded in Other Exchanges
N/A
Address
550 Burrard Street, Suite 2300, Vancouver, BC, CAN, V6C 2B5
Halo Collective Inc is a cannabis extraction company. It is engaged in manufacturing cannabis oil and concentrates and distributing cannabis products for recreational use in the states of Oregon, Nevada and California.