Modern Plant Based Foods (XCNQ:MEAT) Days Inventory : 18.25 (As of Nov. 2023)

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What is Modern Plant Based Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Modern Plant Based Foods's Average Total Inventories for the three months ended in Nov. 2023 was C$0.03 Mil. Modern Plant Based Foods's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.14 Mil. Hence, Modern Plant Based Foods's Days Inventory for the three months ended in Nov. 2023 was 18.25.

The historical rank and industry rank for Modern Plant Based Foods's Days Inventory or its related term are showing as below:

XCNQ:MEAT' s Days Inventory Range Over the Past 10 Years
Min: 33.34 Med: 66.07 Max: 94.63
Current: 33.34

During the past 13 years, Modern Plant Based Foods's highest Days Inventory was 94.63. The lowest was 33.34. And the median was 66.07.

XCNQ:MEAT's Days Inventory is ranked better than
88.14% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs XCNQ:MEAT: 33.34

Modern Plant Based Foods's Days Inventory declined from Nov. 2022 (39.95) to Nov. 2023 (18.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Modern Plant Based Foods's Inventory Turnover for the three months ended in Nov. 2023 was 5.00.

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. Modern Plant Based Foods's Inventory-to-Revenue for the three months ended in Nov. 2023 was 0.16.

Modern Plant Based Foods Days Inventory Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods Days Inventory Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Days Inventory

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94.63

55.53

76.61

45.41

Modern Plant Based Foods Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory	Get a 7-Day Free Trial															39.95	33.36	58.20	31.59	18.25

Competitive Comparison of Modern Plant Based Foods's Days Inventory

For the Packaged Foods subindustry, Modern Plant Based Foods'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.

Modern Plant Based Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Modern Plant Based Foods's Days Inventory falls into.

Modern Plant Based Foods Days Inventory Calculation

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

Modern Plant Based Foods's Days Inventory for the fiscal year that ended in Aug. 2023 is calculated as

	Days Inventory (A: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.132	+	0.029)	/	2 )	/	0.647	*	365
=	0.0805					/	0.647	*	365
=	45.41

Modern Plant Based Foods's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0.029	+	0.027)	/	2 )	/	0.14	*	365 / 4
=	0.028					/	0.14	*	365 / 4
=	18.25

Modern Plant Based Foods (XCNQ:MEAT) 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.

Modern Plant Based Foods's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.14	/	0.028
	=	5.00

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.

Modern Plant Based Foods's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.028	/	0.178
	=	0.16

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.

Modern Plant Based Foods Days Inventory Related Terms

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

Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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