CO2 Gro (TSXV:GROW) Days Inventory : 0.00 (As of Sep. 2023)

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What is CO2 Gro Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CO2 Gro's Average Total Inventories for the three months ended in Sep. 2023 was C$0.00 Mil. CO2 Gro's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.11 Mil. Hence, CO2 Gro's Days Inventory for the three months ended in Sep. 2023 was 0.00.

The historical rank and industry rank for CO2 Gro's Days Inventory or its related term are showing as below:

During the past 12 years, CO2 Gro's highest Days Inventory was 581.42. The lowest was 250.37. And the median was 315.73.

TSXV:GROW's Days Inventory is not ranked ^*
in the Agriculture industry.
Industry Median: 110.04
* Ranked among companies with meaningful Days Inventory only.

CO2 Gro's Days Inventory stayed the same from Jun. 2022 (0.00) to Sep. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. CO2 Gro's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

CO2 Gro Days Inventory Historical Data

The historical data trend for CO2 Gro'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.

CO2 Gro Days Inventory Chart

CO2 Gro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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581.42

315.73

250.37

CO2 Gro Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of CO2 Gro's Days Inventory

For the Agricultural Inputs subindustry, CO2 Gro'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.

CO2 Gro's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CO2 Gro's Days Inventory distribution charts can be found below:

* The bar in red indicates where CO2 Gro's Days Inventory falls into.

CO2 Gro Days Inventory Calculation

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

CO2 Gro'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
=	( (0	+	0)	/	1 )	/	0.214	*	365
=	0					/	0.214	*	365
=	0.00

CO2 Gro'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.111	*	365 / 4
=	0					/	0.111	*	365 / 4
=	0.00

CO2 Gro (TSXV:GROW) 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.

CO2 Gro's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.111	/	0
	=

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.

CO2 Gro's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.283
	=	0.00

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.

CO2 Gro Days Inventory Related Terms

Thank you for viewing the detailed overview of CO2 Gro's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

CO2 Gro (TSXV:GROW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CO2 Gro Inc (TSXV:GROW) » Definitions » Days Inventory

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Traded in Other Exchanges

BLONF:USA

Address

40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.co2gro.ca

CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.

Executives

Stephen Mark Gledhill

Senior Officer