Days Inventory is also known as Days Sales of Inventory (DSI). Canopy Growth's Average Total Inventories for the
three
months ended in Dec. 2023 was $64.7 Mil. Canopy Growth's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $37.5 Mil.
Hence, Canopy Growth's Days Inventory for the
three
months ended in Dec. 2023 was 157.57.
The historical rank and industry rank for Canopy Growth's Days Inventory or its related term are showing as below:
CGC'
s Days Inventory Range Over the Past 10 Years
Min: 112.18 Med: 278.76 Max: 10528.75
Current: 112.18
During the past 13 years, Canopy Growth's highest Days Inventory was 10528.75. The lowest was 112.18. And the median was 278.76.
CGC's Days Inventory is ranked better than 70.3% of 973
companies
in the Drug Manufacturers industry
Industry Median: 157.9
vs CGC: 112.18
Canopy Growth's Days Inventory
declined
from Dec. 2022 (245.85) to Dec. 2023 (157.57).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Canopy Growth's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.58.
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.
Canopy Growth's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.11.
Canopy Growth Days Inventory Historical Data
The historical data trend for Canopy Growth'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.
Competitive Comparison of Canopy Growth's Days Inventory
For the Drug Manufacturers - Specialty & Generic subindustry, Canopy Growth'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.
Canopy Growth's Days Inventory Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Canopy Growth's Days Inventory distribution charts can be found below:
* The bar in red indicates where Canopy Growth's Days Inventory falls into.
Canopy Growth Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Canopy Growth's Days Inventory for the fiscal year that ended in Mar. 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.
Canopy Growth (NAS:CGC) 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.
Canopy Growth'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.
Canopy Growth'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.
Canopy Growth Days Inventory Related Terms
Thank you for viewing the detailed overview of Canopy Growth's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Canopy Growth (Canopy Growth) Business Description
Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include sports drink BioSteel, skincare products under This Works, Martha Stewart CBD, and Storz & Bickel vaporizers. Canopy growth is attempting to merge its U.S. assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.
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