Choom Holdings (XCNQ:CHOO) Days Inventory : 26.15 (As of Dec. 2021)

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What is Choom Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Choom Holdings's Average Total Inventories for the three months ended in Dec. 2021 was C$0.75 Mil. Choom Holdings's Cost of Goods Sold for the three months ended in Dec. 2021 was C$2.63 Mil. Hence, Choom Holdings's Days Inventory for the three months ended in Dec. 2021 was 26.15.

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

XCNQ:CHOO's Days Inventory is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 159.69
* Ranked among companies with meaningful Days Inventory only.

Choom Holdings's Days Inventory declined from Dec. 2020 (27.61) to Dec. 2021 (26.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. Choom Holdings's Inventory Turnover for the three months ended in Dec. 2021 was 3.49.

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. Choom Holdings's Inventory-to-Revenue for the three months ended in Dec. 2021 was 0.18.

Choom Holdings Days Inventory Historical Data

The historical data trend for Choom 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.

* Premium members only.

Choom Holdings Days Inventory Chart

Choom Holdings Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Days Inventory

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71.61

25.07

Choom Holdings Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Days Inventory	Get a 7-Day Free Trial															27.61	32.23	32.68	28.50	26.15

Competitive Comparison of Choom Holdings's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Choom 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.

Choom Holdings's Days Inventory Distribution in the Drug Manufacturers Industry

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

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

Choom Holdings Days Inventory Calculation

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

Choom Holdings's Days Inventory for the fiscal year that ended in Jun. 2021 is calculated as

	Days Inventory (A: Jun. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2021 )	*	Days in Period
=	( (1.002	+	0.909)	/	2 )	/	13.912	*	365
=	0.9555					/	13.912	*	365
=	25.07

Choom Holdings's Days Inventory for the quarter that ended in Dec. 2021 is calculated as:

	Days Inventory (Q: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (0.991	+	0.518)	/	2 )	/	2.633	*	365 / 4
=	0.7545					/	2.633	*	365 / 4
=	26.15

Choom Holdings (XCNQ:CHOO) 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.

Choom Holdings's Inventory Turnover for the three months ended in Dec. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.633	/	0.7545
	=	3.49

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.

Choom Holdings's Inventory to Revenue for the three months ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7545	/	4.215
	=	0.18

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.

Choom Holdings Days Inventory Related Terms

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

Choom Holdings (XCNQ:CHOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Choom Holdings Inc (XCNQ:CHOO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1525 West 8th Avenue, Suite 208, Vancouver, BC, CAN, V6J 1T5

Website

https://www.choom.ca

Choom Holdings Inc is a Canadian cannabis retailer. It sells products under the brand name Choom. The company has two primary business units, Retail Cannabis, and Patient Counselling. It generates maximum revenue from the Retail Cannabis segment.

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