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4Front Ventures (XCNQ:FFNT) Days Inventory : 123.97 (As of Dec. 2023)


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What is 4Front Ventures Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 4Front Ventures's Average Total Inventories for the three months ended in Dec. 2023 was C$23.1 Mil. 4Front Ventures's Cost of Goods Sold for the three months ended in Dec. 2023 was C$17.0 Mil. Hence, 4Front Ventures's Days Inventory for the three months ended in Dec. 2023 was 123.97.

The historical rank and industry rank for 4Front Ventures's Days Inventory or its related term are showing as below:

XCNQ:FFNT' s Days Inventory Range Over the Past 10 Years
Min: 23.96   Med: 126.16   Max: 159
Current: 115.83

During the past 13 years, 4Front Ventures's highest Days Inventory was 159.00. The lowest was 23.96. And the median was 126.16.

XCNQ:FFNT's Days Inventory is ranked better than
68.93% of 972 companies
in the Drug Manufacturers industry
Industry Median: 158.805 vs XCNQ:FFNT: 115.83

4Front Ventures's Days Inventory increased from Dec. 2022 (109.33) to Dec. 2023 (123.97). It might indicate that 4Front Ventures's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. 4Front Ventures's Inventory Turnover for the three months ended in Dec. 2023 was 0.74.

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. 4Front Ventures's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.82.


4Front Ventures Days Inventory Historical Data

The historical data trend for 4Front Ventures'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.

4Front Ventures Days Inventory Chart

4Front Ventures Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.96 159.00 126.16 122.71 128.22

4Front Ventures Quarterly Data
Jan19 Apr19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 109.33 108.58 115.84 139.88 123.97

Competitive Comparison of 4Front Ventures's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, 4Front Ventures'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.


4Front Ventures's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, 4Front Ventures's Days Inventory distribution charts can be found below:

* The bar in red indicates where 4Front Ventures's Days Inventory falls into.



4Front Ventures Days Inventory Calculation

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

4Front Ventures'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
=( (25.659 + 22.924) / 2 ) / 69.15*365
=24.2915 / 69.15*365
=128.22

4Front Ventures'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
=( (23.222 + 22.924) / 2 ) / 16.983*365 / 4
=23.073 / 16.983*365 / 4
=123.97

* 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.


4Front Ventures  (XCNQ:FFNT) 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.

4Front Ventures's Inventory Turnover for the three months ended in Dec. 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.

4Front Ventures's Inventory to Revenue for the three months ended in Dec. 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.


4Front Ventures Days Inventory Related Terms

Thank you for viewing the detailed overview of 4Front Ventures's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


4Front Ventures (XCNQ:FFNT) Business Description

Traded in Other Exchanges
Address
5060 North 40th Street, Suite 120, Phoenix, AZ, USA, 85018
4Front Ventures Corp is a Canadian-based company. It is engaged in the cultivation, processing, extracting, manufacturing, and distribution of cannabis products. It operates in two segments: THC Cannabis and CBD Wellness. The THC Cannabis segment engages in the production and cultivation of THC cannabis, manufacturing and distribution of cannabis products to own dispensaries and third-party retail customers. The CBD Wellness segment encompasses the production and sale of CBD products to third-party customers.

4Front Ventures (XCNQ:FFNT) Headlines

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