Aurora Cannabis (Aurora Cannabis) Days Inventory : 288.38 (As of Dec. 2023)

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What is Aurora Cannabis Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aurora Cannabis's Average Total Inventories for the three months ended in Dec. 2023 was $105.1 Mil. Aurora Cannabis's Cost of Goods Sold for the three months ended in Dec. 2023 was $33.3 Mil. Hence, Aurora Cannabis's Days Inventory for the three months ended in Dec. 2023 was 288.38.

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

ACB' s Days Inventory Range Over the Past 10 Years
Min: 199.56 Med: 363.07 Max: 1447.75
Current: 284.79

During the past 13 years, Aurora Cannabis's highest Days Inventory was 1447.75. The lowest was 199.56. And the median was 363.07.

ACB's Days Inventory is ranked worse than
81.91% of 973 companies
in the Drug Manufacturers industry
Industry Median: 157.9 vs ACB: 284.79

Aurora Cannabis's Days Inventory increased from Dec. 2022 (159.14) to Dec. 2023 (288.38). It might indicate that Aurora Cannabis's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aurora Cannabis's Inventory Turnover for the three months ended in Dec. 2023 was 0.32.

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. Aurora Cannabis's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.19.

Aurora Cannabis Days Inventory Historical Data

The historical data trend for Aurora 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.

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Aurora Cannabis Days Inventory Chart

Aurora Cannabis Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Days Inventory

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1,460.12

857.32

364.03

201.78

189.21

Aurora Cannabis Quarterly Data
	Mar19	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															159.14	253.70	227.72	419.53	288.38

Competitive Comparison of Aurora Cannabis's Days Inventory

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

Aurora Cannabis's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Aurora Cannabis's Days Inventory falls into.

Aurora Cannabis Days Inventory Calculation

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

Aurora Cannabis'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
=	( (113.664	+	112.701)	/	2 )	/	218.339	*	365
=	113.1825					/	218.339	*	365
=	189.21

Aurora Cannabis'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
=	( (102.895	+	107.302)	/	2 )	/	33.256	*	365 / 4
=	105.0985					/	33.256	*	365 / 4
=	288.38

Aurora Cannabis (NAS:ACB) 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.

Aurora Cannabis's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.256	/	105.0985
	=	0.32

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.

Aurora Cannabis's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	105.0985	/	48.017
	=	2.19

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.

Aurora Cannabis Days Inventory Related Terms

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

Aurora Cannabis (Aurora Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aurora Cannabis Inc (NAS:ACB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

21P1:Germany ACB:Canada

Address

3498 63 Avenue, Leduc, AB, CAN, T9E 0G8

Website

https://www.auroramj.com

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements.