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Red White & Bloom Brands (XCNQ:RWB) Days Inventory : 160.92 (As of Dec. 2023)


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What is Red White & Bloom Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Red White & Bloom Brands's Average Total Inventories for the three months ended in Dec. 2023 was C$19.19 Mil. Red White & Bloom Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was C$10.88 Mil. Hence, Red White & Bloom Brands's Days Inventory for the three months ended in Dec. 2023 was 160.92.

The historical rank and industry rank for Red White & Bloom Brands's Days Inventory or its related term are showing as below:

XCNQ:RWB' s Days Inventory Range Over the Past 10 Years
Min: 84.91   Med: 248.12   Max: 1006.72
Current: 117.76

During the past 5 years, Red White & Bloom Brands's highest Days Inventory was 1006.72. The lowest was 84.91. And the median was 248.12.

XCNQ:RWB's Days Inventory is ranked better than
67.7% of 969 companies
in the Drug Manufacturers industry
Industry Median: 158.38 vs XCNQ:RWB: 117.76

Red White & Bloom Brands's Days Inventory declined from Dec. 2022 (349.30) to Dec. 2023 (160.92).

Inventory Turnover measures how fast the company turns over its inventory within a year. Red White & Bloom Brands's Inventory Turnover for the three months ended in Dec. 2023 was 0.57.

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. Red White & Bloom Brands's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.00.


Red White & Bloom Brands Days Inventory Historical Data

The historical data trend for Red White & Bloom Brands'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.

Red White & Bloom Brands Days Inventory Chart

Red White & Bloom Brands Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
- 1,006.72 377.73 84.91 118.50

Red White & Bloom Brands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 349.30 91.71 109.29 127.29 160.92

Competitive Comparison of Red White & Bloom Brands's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Red White & Bloom Brands'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.


Red White & Bloom Brands's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Red White & Bloom Brands's Days Inventory distribution charts can be found below:

* The bar in red indicates where Red White & Bloom Brands's Days Inventory falls into.



Red White & Bloom Brands Days Inventory Calculation

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

Red White & Bloom Brands'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
=( (18.748 + 19.462) / 2 ) / 58.848*365
=19.105 / 58.848*365
=118.50

Red White & Bloom Brands's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (18.909 + 19.462) / 2 ) / 10.879*365 / 4
=19.1855 / 10.879*365 / 4
=160.92

* 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.


Red White & Bloom Brands  (XCNQ:RWB) 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.

Red White & Bloom Brands's Inventory Turnover for the three months ended in Dec. 2023 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.

Red White & Bloom Brands's Inventory to Revenue for the three months 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.


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.


Red White & Bloom Brands Days Inventory Related Terms

Thank you for viewing the detailed overview of Red White & Bloom Brands's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Red White & Bloom Brands (XCNQ:RWB) Business Description

Traded in Other Exchanges
N/A
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
Red White & Bloom Brands Inc is a multi-state operator in the United States conducting operations in the legal cannabis industry. The principal activity of the company is the sale of a diverse range of high-quality cannabis-based products delivered through its distribution and retail channels. The company operates twelve licensed adult-use and medical retail dispensaries located in the legal states of Michigan and Florida.

Red White & Bloom Brands (XCNQ:RWB) Headlines

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