Green Thumb Industries (XCNQ:GTII) Days Inventory : 78.27 (As of Dec. 2023)

View and export this data going back to 1987. Start your Free Trial

What is Green Thumb Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Green Thumb Industries's Average Total Inventories for the three months ended in Dec. 2023 was C$156 Mil. Green Thumb Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was C$182 Mil. Hence, Green Thumb Industries's Days Inventory for the three months ended in Dec. 2023 was 78.27.

The historical rank and industry rank for Green Thumb Industries's Days Inventory or its related term are showing as below:

XCNQ:GTII' s Days Inventory Range Over the Past 10 Years
Min: 73.09 Med: 79.52 Max: 153.58
Current: 82.11

During the past 13 years, Green Thumb Industries's highest Days Inventory was 153.58. The lowest was 73.09. And the median was 79.52.

XCNQ:GTII's Days Inventory is ranked better than
83.45% of 973 companies
in the Drug Manufacturers industry
Industry Median: 157.54 vs XCNQ:GTII: 82.11

Green Thumb Industries's Days Inventory declined from Dec. 2022 (79.39) to Dec. 2023 (78.27).

Inventory Turnover measures how fast the company turns over its inventory within a year. Green Thumb Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.17.

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. Green Thumb Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.42.

Green Thumb Industries Days Inventory Historical Data

The historical data trend for Green Thumb Industries'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.

Green Thumb Industries Days Inventory Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

153.58

84.50

75.00

73.09

79.52

Green Thumb Industries Quarterly Data
	Mar19	Jun19	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															79.39	86.93	89.54	77.68	78.27

Competitive Comparison of Green Thumb Industries's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries'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.

Green Thumb Industries's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Green Thumb Industries's Days Inventory falls into.

Green Thumb Industries Days Inventory Calculation

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

Green Thumb Industries'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
=	( (157.144	+	151.561)	/	2 )	/	708.442	*	365
=	154.3525					/	708.442	*	365
=	79.52

Green Thumb Industries'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
=	( (160.403	+	151.561)	/	2 )	/	181.845	*	365 / 4
=	155.982					/	181.845	*	365 / 4
=	78.27

Green Thumb Industries (XCNQ:GTII) 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.

Green Thumb Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	181.845	/	155.982
	=	1.17

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.

Green Thumb Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	155.982	/	373.275
	=	0.42

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.

Green Thumb Industries Days Inventory Related Terms

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

Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.