Delta 9 Cannabis (Delta 9 Cannabis) Days Inventory : 79.72 (As of Dec. 2023)

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What is Delta 9 Cannabis Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Delta 9 Cannabis's Average Total Inventories for the three months ended in Dec. 2023 was $10.25 Mil. Delta 9 Cannabis's Cost of Goods Sold for the three months ended in Dec. 2023 was $11.73 Mil. Hence, Delta 9 Cannabis's Days Inventory for the three months ended in Dec. 2023 was 79.72.

The historical rank and industry rank for Delta 9 Cannabis's Days Inventory or its related term are showing as below:

DLTNF' s Days Inventory Range Over the Past 10 Years
Min: 102.84 Med: 160.15 Max: 1175.78
Current: 112.84

During the past 13 years, Delta 9 Cannabis's highest Days Inventory was 1175.78. The lowest was 102.84. And the median was 160.15.

DLTNF's Days Inventory is ranked better than
70.52% of 970 companies
in the Drug Manufacturers industry
Industry Median: 158.365 vs DLTNF: 112.84

Delta 9 Cannabis's Days Inventory declined from Dec. 2022 (114.90) to Dec. 2023 (79.72).

Inventory Turnover measures how fast the company turns over its inventory within a year. Delta 9 Cannabis's Inventory Turnover for the three months ended in Dec. 2023 was 1.14.

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. Delta 9 Cannabis's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.79.

Delta 9 Cannabis Days Inventory Historical Data

The historical data trend for Delta 9 Cannabis'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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Delta 9 Cannabis Days Inventory Chart

Delta 9 Cannabis Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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161.02

156.48

164.08

152.67

102.05

Delta 9 Cannabis 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															114.90	177.44	123.15	101.28	79.72

Competitive Comparison of Delta 9 Cannabis's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Delta 9 Cannabis'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.

Delta 9 Cannabis's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Delta 9 Cannabis's Days Inventory distribution charts can be found below:

* The bar in red indicates where Delta 9 Cannabis's Days Inventory falls into.

Delta 9 Cannabis Days Inventory Calculation

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

Delta 9 Cannabis'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
=	( (14.59	+	9.009)	/	2 )	/	42.203	*	365
=	11.7995					/	42.203	*	365
=	102.05

Delta 9 Cannabis'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
=	( (11.481	+	9.009)	/	2 )	/	11.727	*	365 / 4
=	10.245					/	11.727	*	365 / 4
=	79.72

Delta 9 Cannabis (OTCPK:DLTNF) 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.

Delta 9 Cannabis's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.727	/	10.245
	=	1.14

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.

Delta 9 Cannabis's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.245	/	13.025
	=	0.79

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.

Delta 9 Cannabis Days Inventory Related Terms

Thank you for viewing the detailed overview of Delta 9 Cannabis's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Delta 9 Cannabis (Delta 9 Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (OTCPK:DLTNF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

V5D1:Germany DN:Canada

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company's subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000-square-foot production facility in Winnipeg, Manitoba, Canada. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand.