Days Inventory is also known as Days Sales of Inventory (DSI). Nova Cannabis's Average Total Inventories for the
three
months ended in Mar. 2024 was C$16.6 Mil. Nova Cannabis's Cost of Goods Sold for the
three
months ended in Mar. 2024 was C$48.5 Mil.
Hence, Nova Cannabis's Days Inventory for the
three
months ended in Mar. 2024 was 31.27.
The historical rank and industry rank for Nova Cannabis's Days Inventory or its related term are showing as below:
TSX:NOVC'
s Days Inventory Range Over the Past 10 Years
Min: 15.39 Med: 20.39 Max: 64.19
Current: 26.47
During the past 5 years, Nova Cannabis's highest Days Inventory was 64.19. The lowest was 15.39. And the median was 20.39.
TSX:NOVC's Days Inventory is ranked better than 57.05% of 468
companies
in the Healthcare Providers & Services industry
Industry Median: 32.24
vs TSX:NOVC: 26.47
Nova Cannabis's Days Inventory
increased
from Mar. 2023 (23.61) to Mar. 2024 (31.27).
It might indicate that Nova Cannabis's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nova Cannabis's Inventory Turnover for the
three
months ended in Mar. 2024 was 2.92.
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.
Nova Cannabis's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.26.
Nova Cannabis Days Inventory Historical Data
The historical data trend for Nova 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.
Competitive Comparison of Nova Cannabis's Days Inventory
For the Pharmaceutical Retailers subindustry, Nova 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.
Nova Cannabis's Days Inventory Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Nova Cannabis's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nova Cannabis's Days Inventory falls into.
Nova Cannabis Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nova Cannabis's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Nova Cannabis (TSX:NOVC) 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.
Nova Cannabis's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Nova Cannabis's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
Nova Cannabis Days Inventory Related Terms
Thank you for viewing the detailed overview of Nova Cannabis's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nova Cannabis Inc is engaged in the operation of retail cannabis stores in Canada. It operates approximately 88 retail cannabis stores in Alberta, 16 in Ontario, and one in Saskatchewan. Some of its brands are Value Buds and Sweet Tree Cannabis Co. The company's products include Dried flowers, Pre-rolls, Candy and Cartridges, among others.
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