Decibel Cannabis Co (TSXV:DB) Days Inventory : 242.05 (As of Sep. 2023)

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What is Decibel Cannabis Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Decibel Cannabis Co's Average Total Inventories for the three months ended in Sep. 2023 was C$46.3 Mil. Decibel Cannabis Co's Cost of Goods Sold for the three months ended in Sep. 2023 was C$17.5 Mil. Hence, Decibel Cannabis Co's Days Inventory for the three months ended in Sep. 2023 was 242.05.

The historical rank and industry rank for Decibel Cannabis Co's Days Inventory or its related term are showing as below:

TSXV:DB' s Days Inventory Range Over the Past 10 Years
Min: 173.55 Med: 328.65 Max: 508.83
Current: 223.97

During the past 13 years, Decibel Cannabis Co's highest Days Inventory was 508.83. The lowest was 173.55. And the median was 328.65.

TSXV:DB's Days Inventory is ranked worse than
72.06% of 970 companies
in the Drug Manufacturers industry
Industry Median: 159.275 vs TSXV:DB: 223.97

Decibel Cannabis Co's Days Inventory declined from Sep. 2022 (594.25) to Sep. 2023 (242.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Decibel Cannabis Co's Inventory Turnover for the three months ended in Sep. 2023 was 0.38.

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. Decibel Cannabis Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.53.

Decibel Cannabis Co Days Inventory Historical Data

The historical data trend for Decibel Cannabis Co'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.

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Decibel Cannabis Co Days Inventory Chart

Decibel Cannabis Co Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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508.83

173.55

364.38

292.91

Decibel Cannabis Co Quarterly Data
	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															594.25	223.07	248.33	187.89	242.05

Competitive Comparison of Decibel Cannabis Co's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Decibel Cannabis Co'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.

Decibel Cannabis Co's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Decibel Cannabis Co's Days Inventory falls into.

Decibel Cannabis Co Days Inventory Calculation

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

Decibel Cannabis Co'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
=	( (37.116	+	47.782)	/	2 )	/	52.896	*	365
=	42.449					/	52.896	*	365
=	292.91

Decibel Cannabis Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (44.214	+	48.425)	/	2 )	/	17.462	*	365 / 4
=	46.3195					/	17.462	*	365 / 4
=	242.05

Decibel Cannabis Co (TSXV:DB) 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.

Decibel Cannabis Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.462	/	46.3195
	=	0.38

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.

Decibel Cannabis Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.3195	/	30.19
	=	1.53

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.

Decibel Cannabis Co Days Inventory Related Terms

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Decibel Cannabis Co (TSXV:DB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Decibel Cannabis Co Inc (TSXV:DB) » Definitions » Days Inventory

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Traded in Other Exchanges

DBCCF:USA

Address

140 - 4th Avenue SW, Suite 1440, Calgary, AB, CAN, T2P 3N3

Website

https://www.decibelcc.com

Decibel Cannabis Co Inc is engaged in the cannabis operations business. It is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers as well as the direct sale of products through its retail locations to end customers.