Panacea Life Sciences Holdings (Panacea Life Sciences Holdings) Days Inventory : 944.91 (As of Mar. 2024)

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What is Panacea Life Sciences Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Panacea Life Sciences Holdings's Average Total Inventories for the three months ended in Mar. 2024 was $4.04 Mil. Panacea Life Sciences Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.39 Mil. Hence, Panacea Life Sciences Holdings's Days Inventory for the three months ended in Mar. 2024 was 944.91.

The historical rank and industry rank for Panacea Life Sciences Holdings's Days Inventory or its related term are showing as below:

PLSH' s Days Inventory Range Over the Past 10 Years
Min: 437.21 Med: 1257.31 Max: 1522.72
Current: 1291.01

During the past 4 years, Panacea Life Sciences Holdings's highest Days Inventory was 1522.72. The lowest was 437.21. And the median was 1257.31.

PLSH's Days Inventory is ranked worse than
98.25% of 972 companies
in the Drug Manufacturers industry
Industry Median: 158.805 vs PLSH: 1291.01

Panacea Life Sciences Holdings's Days Inventory increased from Mar. 2023 (864.35) to Mar. 2024 (944.91). It might indicate that Panacea Life Sciences Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Panacea Life Sciences Holdings's Inventory Turnover for the three months ended in Mar. 2024 was 0.10.

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. Panacea Life Sciences Holdings's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.82.

Panacea Life Sciences Holdings Days Inventory Historical Data

The historical data trend for Panacea Life Sciences Holdings'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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Panacea Life Sciences Holdings Days Inventory Chart

Panacea Life Sciences Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

437.21

1,522.72

1,291.73

1,222.88

Panacea Life Sciences Holdings Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial											864.35	1,967.69	2,054.26	961.77	944.91

Competitive Comparison of Panacea Life Sciences Holdings's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Panacea Life Sciences Holdings'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.

Panacea Life Sciences Holdings's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Panacea Life Sciences Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Panacea Life Sciences Holdings's Days Inventory falls into.

Panacea Life Sciences Holdings Days Inventory Calculation

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

Panacea Life Sciences Holdings'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
=	( (4.449	+	4.014)	/	2 )	/	1.263	*	365
=	4.2315					/	1.263	*	365
=	1,222.88

Panacea Life Sciences Holdings's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.014	+	4.063)	/	2 )	/	0.39	*	365 / 4
=	4.0385					/	0.39	*	365 / 4
=	944.91

Panacea Life Sciences Holdings (OTCPK:PLSH) 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.

Panacea Life Sciences Holdings's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.39	/	4.0385
	=	0.10

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.

Panacea Life Sciences Holdings's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.0385	/	1.056
	=	3.82

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.

Panacea Life Sciences Holdings Days Inventory Related Terms

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

Panacea Life Sciences Holdings (Panacea Life Sciences Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Panacea Life Sciences Holdings Inc (OTCPK:PLSH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5910 S University Boulevard, C18-193, Greenwood Village, CO, USA, 80121

Website

https://www.panacealife.com

Panacea Life Sciences Holdings Inc is a cannabinoid nutraceutical manufacturer and research company that produces natural pharmaceutical alternatives for consumers and pets. It manufactures and sells soft gels, gummies, tinctures, sublingual tablets, cosmetics, and other topicals.

Executives

Leslie Buttorff	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	16194 W 45TH DRIVE, GOLDEN CO 80403
Janice Nerger	director	5910 S UNIVERSITY BLVD., C18-193, GREENWOOD VILLAGE CO 80121
Nathan Joel Berman	officer: CONTROLLER & PRIN ACTNG OFCR	16194 W 45TH DRIVE, GOLDEN CO 80403
22nd Century Group, Inc.	10 percent owner	8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221
Harvey J Kesner	10 percent owner	65 E. 55TH STREET, NEW YORK NY 10022
Lawrence Wert	director	170 NUTTALL RD, RIVERSIDE IL 60546
Chesne Derek Du	officer: Chief Growth Officer	80 NE 4TH AVENUE, SUITE 28, DELRAY BEACH FL 33483
Alvaro Daniel Alberttis	director	80 NE 4TH AVENUE, SUITE 28, DELRAY BEACH FL 33483
Vladislav Yampolsky	director, 10 percent owner	332 PLAZA REAL, BOCA RATON FL 33432
Steven A Schwartz	director	332 PLAZA REAL, BOCA RATON FL 33432
Andrew L. Johnson	officer: Chief Strategy Officer	80 NE 4TH AVE. SUITE 28, DELRAY BEACH FL 33483
Emiliano Angel Aloi	officer: President	510 SUNSHINE DRIVE, DELRAY BEACH FL 33444
Jonathan Gilbert	director, officer: Executive Chairman	36 SYCAMORE LANE, ROSALYN HEIGHTS NY 11577
John C Price	director	4721 IRONTON STREET, BUILDING A, DENVER CO 80239
Kevin James Esval	director	NEURO HITECH INC, ONE PENN PLAZA STE 1503, NEW YORK NY 10019