DAVIDsTEA (DAVIDsTEA) Days Inventory : 285.79 (As of Oct. 2022)

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What is DAVIDsTEA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). DAVIDsTEA's Average Total Inventories for the three months ended in Oct. 2022 was $22.64 Mil. DAVIDsTEA's Cost of Goods Sold for the three months ended in Oct. 2022 was $7.23 Mil. Hence, DAVIDsTEA's Days Inventory for the three months ended in Oct. 2022 was 285.79.

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

DTEAF's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 82.33
* Ranked among companies with meaningful Days Inventory only.

DAVIDsTEA's Days Inventory increased from Oct. 2021 (260.45) to Oct. 2022 (285.79). It might indicate that DAVIDsTEA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. DAVIDsTEA's Inventory Turnover for the three months ended in Oct. 2022 was 0.32.

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. DAVIDsTEA's Inventory-to-Revenue for the three months ended in Oct. 2022 was 1.92.

DAVIDsTEA Days Inventory Historical Data

The historical data trend for DAVIDsTEA'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.

DAVIDsTEA Days Inventory Chart

DAVIDsTEA Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Days Inventory

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84.28

96.23

116.64

114.66

162.87

DAVIDsTEA Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
Days Inventory	Get a 7-Day Free Trial															260.45	135.52	236.36	309.13	285.79

Competitive Comparison of DAVIDsTEA's Days Inventory

For the Packaged Foods subindustry, DAVIDsTEA'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.

DAVIDsTEA's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DAVIDsTEA's Days Inventory distribution charts can be found below:

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

DAVIDsTEA Days Inventory Calculation

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

DAVIDsTEA's Days Inventory for the fiscal year that ended in Jan. 2022 is calculated as

	Days Inventory (A: Jan. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2021 )	+	Total Inventories (A: Jan. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2022 )	*	Days in Period
=	( (18.442	+	24.598)	/	2 )	/	48.226	*	365
=	21.52					/	48.226	*	365
=	162.87

DAVIDsTEA's Days Inventory for the quarter that ended in Oct. 2022 is calculated as:

	Days Inventory (Q: Oct. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2022 )	+	Total Inventories (Q: Oct. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2022 )	*	Days in Period
=	( (23.372	+	21.904)	/	2 )	/	7.228	*	365 / 4
=	22.638					/	7.228	*	365 / 4
=	285.79

DAVIDsTEA (OTCPK:DTEAF) 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.

DAVIDsTEA's Inventory Turnover for the three months ended in Oct. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.228	/	22.638
	=	0.32

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.

DAVIDsTEA's Inventory to Revenue for the three months ended in Oct. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.638	/	11.817
	=	1.92

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.

DAVIDsTEA Days Inventory Related Terms

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

DAVIDsTEA (DAVIDsTEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DAVIDsTEA Inc (OTCPK:DTEAF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5430 Ferrier Street, Mount-Royal, QC, CAN, H4P 1M2

Website

https://www.davidstea.com

DAVIDsTEA Inc is a company functional in Canada's packaged foods market. Operating as a branded retailer of different types of tea, the company serves through DAVIDsTEA stores and its website, davidstea.com. Its business involves the sale of three main products; Tea, Tea Accessories and Food and Beverages. Tea products such as loose-leaf teas, pre-packaged teas, and tea sachets account for the majority of the company's sales. The Company has two operating segments, Canada, and the U.S; that derive their revenues from various distribution channels including online, retail and wholesale. The Company derives revenue from Tea, Tea accessories and Food and beverages products. Majority revenue is derived from Tea products.