Nextleaf Solutions (XCNQ:OILS) Days Inventory : 95.66 (As of Mar. 2024)

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What is Nextleaf Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nextleaf Solutions's Average Total Inventories for the three months ended in Mar. 2024 was C$2.58 Mil. Nextleaf Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was C$2.46 Mil. Hence, Nextleaf Solutions's Days Inventory for the three months ended in Mar. 2024 was 95.66.

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

XCNQ:OILS' s Days Inventory Range Over the Past 10 Years
Min: 117.58 Med: 141.44 Max: 466.53
Current: 160.86

During the past 7 years, Nextleaf Solutions's highest Days Inventory was 466.53. The lowest was 117.58. And the median was 141.44.

XCNQ:OILS's Days Inventory is ranked worse than
50.52% of 966 companies
in the Drug Manufacturers industry
Industry Median: 159.275 vs XCNQ:OILS: 160.86

Nextleaf Solutions's Days Inventory declined from Dec. 2022 (113.55) to Mar. 2024 (95.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nextleaf Solutions's Inventory Turnover for the three months ended in Mar. 2024 was 0.95.

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. Nextleaf Solutions's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.76.

Nextleaf Solutions Days Inventory Historical Data

The historical data trend for Nextleaf Solutions'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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Nextleaf Solutions Days Inventory Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

Get a 7-Day Free Trial

466.53

119.22

163.66

117.58

Nextleaf Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															113.55	59.21	-	98.39	95.66

Competitive Comparison of Nextleaf Solutions's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Nextleaf Solutions'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.

Nextleaf Solutions's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Nextleaf Solutions's Days Inventory falls into.

Nextleaf Solutions Days Inventory Calculation

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

Nextleaf Solutions's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1.538	+	2.244)	/	2 )	/	5.87	*	365
=	1.891					/	5.87	*	365
=	117.58

Nextleaf Solutions'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
=	( (2.591	+	2.575)	/	2 )	/	2.464	*	365 / 4
=	2.583					/	2.464	*	365 / 4
=	95.66

Nextleaf Solutions (XCNQ:OILS) 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.

Nextleaf Solutions's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.464	/	2.583
	=	0.95

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.

Nextleaf Solutions's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.583	/	3.415
	=	0.76

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.

Nextleaf Solutions Days Inventory Related Terms

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

Nextleaf Solutions (XCNQ:OILS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (XCNQ:OILS) » Definitions » Days Inventory

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Traded in Other Exchanges

OILFF:USA

Address

68 Water Street, Suite 304, Vancouver, BC, CAN, V6B 1A4

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.

Executives

Emma Jane Andrews

Senior Officer

Nextleaf Solutions (XCNQ:OILS) Headlines

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