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Charlottes Web Holdings (TSX:CWEB) Days Inventory : 383.65 (As of Mar. 2024)


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What is Charlottes Web Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Charlottes Web Holdings's Average Total Inventories for the three months ended in Mar. 2024 was C$29.67 Mil. Charlottes Web Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was C$7.06 Mil. Hence, Charlottes Web Holdings's Days Inventory for the three months ended in Mar. 2024 was 383.65.

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

TSX:CWEB' s Days Inventory Range Over the Past 10 Years
Min: 150.14   Med: 312.9   Max: 548.35
Current: 330.83

During the past 8 years, Charlottes Web Holdings's highest Days Inventory was 548.35. The lowest was 150.14. And the median was 312.90.

TSX:CWEB's Days Inventory is ranked worse than
87.13% of 971 companies
in the Drug Manufacturers industry
Industry Median: 159.35 vs TSX:CWEB: 330.83

Charlottes Web Holdings's Days Inventory increased from Mar. 2023 (336.61) to Mar. 2024 (383.65). It might indicate that Charlottes Web Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Charlottes Web Holdings's Inventory Turnover for the three months ended in Mar. 2024 was 0.24.

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. Charlottes Web Holdings's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.81.


Charlottes Web Holdings Days Inventory Historical Data

The historical data trend for Charlottes Web 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.

Charlottes Web Holdings Days Inventory Chart

Charlottes Web Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 367.18 548.35 442.85 253.51 323.01

Charlottes Web Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 336.61 322.41 329.44 287.38 383.65

Competitive Comparison of Charlottes Web Holdings's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Charlottes Web 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.


Charlottes Web Holdings's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Charlottes Web Holdings's Days Inventory falls into.



Charlottes Web Holdings Days Inventory Calculation

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

Charlottes Web 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
=( (36.616 + 28.895) / 2 ) / 37.014*365
=32.7555 / 37.014*365
=323.01

Charlottes Web Holdings's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (28.895 + 30.438) / 2 ) / 7.056*365 / 4
=29.6665 / 7.056*365 / 4
=383.65

* 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.


Charlottes Web Holdings  (TSX:CWEB) 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.

Charlottes Web Holdings's Inventory Turnover for the three months ended in Mar. 2024 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.

Charlottes Web Holdings's Inventory to Revenue for the three months ended in Mar. 2024 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.


Charlottes Web Holdings Days Inventory Related Terms

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


Charlottes Web Holdings (TSX:CWEB) Business Description

Traded in Other Exchanges
Address
700 Tech Court, Louisville, CO, USA, 80027
Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick-and-mortar specialty retailers.
Executives
William Morachnick Senior Officer

Charlottes Web Holdings (TSX:CWEB) Headlines

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