Avenir Wellness Solutions (Avenir Wellness Solutions) Days Inventory : 82.22 (As of Sep. 2023)

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What is Avenir Wellness Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Avenir Wellness Solutions's Average Total Inventories for the three months ended in Sep. 2023 was $0.25 Mil. Avenir Wellness Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.28 Mil. Hence, Avenir Wellness Solutions's Days Inventory for the three months ended in Sep. 2023 was 82.22.

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

AVRW' s Days Inventory Range Over the Past 10 Years
Min: 46.38 Med: 102.61 Max: 365
Current: 75.67

During the past 8 years, Avenir Wellness Solutions's highest Days Inventory was 365.00. The lowest was 46.38. And the median was 102.61.

AVRW's Days Inventory is ranked better than
85.92% of 973 companies
in the Drug Manufacturers industry
Industry Median: 157.96 vs AVRW: 75.67

Avenir Wellness Solutions's Days Inventory declined from Sep. 2022 (165.20) to Sep. 2023 (82.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Avenir Wellness Solutions's Inventory Turnover for the three months ended in Sep. 2023 was 1.11.

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. Avenir Wellness Solutions's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.25.

Avenir Wellness Solutions Days Inventory Historical Data

The historical data trend for Avenir Wellness 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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Avenir Wellness Solutions Days Inventory Chart

Avenir Wellness Solutions Annual Data

Trend

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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54.10

153.27

102.61

120.94

100.22

Avenir Wellness Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															165.20	50.16	77.96	95.52	82.22

Competitive Comparison of Avenir Wellness Solutions's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Avenir Wellness 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.

Avenir Wellness Solutions's Days Inventory Distribution in the Drug Manufacturers Industry

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

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

Avenir Wellness Solutions Days Inventory Calculation

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

Avenir Wellness Solutions's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.71	+	0.145)	/	2 )	/	1.557	*	365
=	0.4275					/	1.557	*	365
=	100.22

Avenir Wellness Solutions's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.281	+	0.22)	/	2 )	/	0.278	*	365 / 4
=	0.2505					/	0.278	*	365 / 4
=	82.22

Avenir Wellness Solutions (OTCPK:AVRW) 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.

Avenir Wellness Solutions's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.278	/	0.2505
	=	1.11

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.

Avenir Wellness Solutions's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2505	/	1.015
	=	0.25

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.

Avenir Wellness Solutions Days Inventory Related Terms

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

Avenir Wellness Solutions (Avenir Wellness Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Avenir Wellness Solutions Inc (OTCPK:AVRW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5805 Sepulveda Boulevard, Suite 801, Sherman Oaks, CA, USA, 91411

Website

https://www.avenirwellness.com

Avenir Wellness Solutions Inc is a broad wellness platform technology company that develops proprietary wellness, nutraceutical, and topical delivery systems. The technology, which is based on approximately 15 current patents, offers several immediate- and controlled-release delivery vehicles designed to improve product efficacy, safety, and consumer experience for a wide range of active ingredients. The company sells its product under the brand names Seratopical, Seratopical Revolution, SeraLabs, and Nutri-Strips.

Executives

Robert J Costantino	director	5805 SEPULVEDA BLVD., SUITE 801, SHERMAN OAKS CA 91411
Joel M Bennett	officer: CFO,CAO, Treasurer & Secretary	22619 PACIFIC COAST HIGHWAY, MALIBU CA 90265
Gerald Bagg	director	C/O CURE PHARMACEUTICAL HOLDING CORP., 5805 SEPULVEDA BLVD., SUITE 801, SHERMAN OAKS CA 91411
Nancy Duitch	officer: Chief Strat Officer-Wellness	15950 ROYAL OAK RD, ENCINO CA 91436
Robert Steven Davidson	director, officer: CEO & Director	5805 SEPULVEDA BLVD., SUITE 801, SHERMAN OAKS CA 91411
Jonathan Berlent	officer: Chief Business Officer	1620 BEACON PLACE, OXNARD CA 93033
John K Bell	director	38 FALLBROOK LANE RR 33, CAMBRIDGE A6 N3H 4R8
Anna Goldin	director	1620 BEACON STREET, OXNARD CA 93033
Lauren Chung	director	1620 BEACON STREET, OXNARD CA 93033
Michael Redard	officer: Chief Financial Officer	1620 BEACON PLACE, OXNARD CA 93033
Joshua Held	director	1620 BEACON PLACE, OXNARD CA 93033
Climate Change Investigation, Innovation & Investment Company, Llc	10 percent owner	12 SAN RAFAEL AVE, BELVEDERE CA 94920
Ruben Jr King-shaw	director	1620 BEACON PLACE, OXNARD CA 93033
Gene Z Salkind	director	5805 SEPULVEDA BLVD., SUITE 801, SHERMAN OAKS CA 91411
Alex Katz	officer: CFO	1233 FAIRY HILL ROAD, RYDAL PA 19046