SLANG Worldwide (XCNQ:SLNG) Days Inventory : 170.66 (As of Dec. 2023)

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What is SLANG Worldwide Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SLANG Worldwide's Average Total Inventories for the three months ended in Dec. 2023 was C$6.77 Mil. SLANG Worldwide's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.62 Mil. Hence, SLANG Worldwide's Days Inventory for the three months ended in Dec. 2023 was 170.66.

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

XCNQ:SLNG' s Days Inventory Range Over the Past 10 Years
Min: 38.1 Med: 113.33 Max: 149.92
Current: 149.92

During the past 7 years, SLANG Worldwide's highest Days Inventory was 149.92. The lowest was 38.10. And the median was 113.33.

XCNQ:SLNG's Days Inventory is ranked better than
53.71% of 970 companies
in the Drug Manufacturers industry
Industry Median: 159.915 vs XCNQ:SLNG: 149.92

SLANG Worldwide's Days Inventory increased from Dec. 2022 (100.19) to Dec. 2023 (170.66). It might indicate that SLANG Worldwide's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SLANG Worldwide's Inventory Turnover for the three months ended in Dec. 2023 was 0.53.

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. SLANG Worldwide's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.93.

SLANG Worldwide Days Inventory Historical Data

The historical data trend for SLANG Worldwide'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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SLANG Worldwide Days Inventory Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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38.10

90.75

113.33

138.30

146.05

SLANG Worldwide 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															100.19	127.03	160.80	153.17	170.66

Competitive Comparison of SLANG Worldwide's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide'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.

SLANG Worldwide's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where SLANG Worldwide's Days Inventory falls into.

SLANG Worldwide Days Inventory Calculation

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

SLANG Worldwide'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
=	( (7.079	+	6.576)	/	2 )	/	17.063	*	365
=	6.8275					/	17.063	*	365
=	146.05

SLANG Worldwide'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
=	( (6.972	+	6.576)	/	2 )	/	3.622	*	365 / 4
=	6.774					/	3.622	*	365 / 4
=	170.66

SLANG Worldwide (XCNQ:SLNG) 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.

SLANG Worldwide's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.622	/	6.774
	=	0.53

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.

SLANG Worldwide's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.774	/	7.322
	=	0.93

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.

SLANG Worldwide Days Inventory Related Terms

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

SLANG Worldwide (XCNQ:SLNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (XCNQ:SLNG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SLGWF:USA

Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.

Executives

Christopher Lee Driessen

Director, Senior Officer