PlantX Life (PlantX Life) Days Inventory : 29.82 (As of Dec. 2023)

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What is PlantX Life Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PlantX Life's Average Total Inventories for the three months ended in Dec. 2023 was $0.44 Mil. PlantX Life's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.33 Mil. Hence, PlantX Life's Days Inventory for the three months ended in Dec. 2023 was 29.82.

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

PLTXF' s Days Inventory Range Over the Past 10 Years
Min: 20.66 Med: 27.14 Max: 45
Current: 45

During the past 5 years, PlantX Life's highest Days Inventory was 45.00. The lowest was 20.66. And the median was 27.14.

PLTXF's Days Inventory is ranked better than
81.27% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.775 vs PLTXF: 45.00

PlantX Life's Days Inventory declined from Dec. 2022 (94.62) to Dec. 2023 (29.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. PlantX Life's Inventory Turnover for the three months ended in Dec. 2023 was 3.06.

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. PlantX Life's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.18.

PlantX Life Days Inventory Historical Data

The historical data trend for PlantX Life'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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PlantX Life Days Inventory Chart

PlantX Life Annual Data

Trend

Jul19

Jul20

Mar21

Mar22

Mar23

Days Inventory

20.69

27.16

43.15

PlantX Life Quarterly Data
	Jul19	Mar20	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											94.62	79.41	37.15	33.89	29.82

Competitive Comparison of PlantX Life's Days Inventory

For the Internet Retail subindustry, PlantX Life'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.

PlantX Life's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PlantX Life's Days Inventory distribution charts can be found below:

* The bar in red indicates where PlantX Life's Days Inventory falls into.

PlantX Life Days Inventory Calculation

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

PlantX Life's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.86	+	0.559)	/	2 )	/	6.001	*	365
=	0.7095					/	6.001	*	365
=	43.15

PlantX Life'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
=	( (0.452	+	0.42)	/	2 )	/	1.334	*	365 / 4
=	0.436					/	1.334	*	365 / 4
=	29.82

PlantX Life (OTCPK:PLTXF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.334	/	0.436
	=	3.06

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.436	/	2.408
	=	0.18

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.

PlantX Life Days Inventory Related Terms

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

PlantX Life (PlantX Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PlantX Life Inc (OTCPK:PLTXF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WNT0:Germany VEGA:Canada

Address

100 Park Royal South, Suite 504, West Vancouver, Vancouver, BC, CAN, V7T 1A2

Website

https://www.plantx.com

PlantX Life Inc is a digital-based, one-stop-shop, and distribution company with a fast-growing database with a plan to offer customers across North America. The company's operating segment includes Vegaste, PlantX Living Inc, Bloombox, Score (Squamish), Israel, Little West, Plant-Based Deli, New Deli, PlantX UK, PlantX Nevada, EH Coffee, Portfolio Coffee, and PlantX Midwest. The company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands. It has a presence in the United States, United Kingdom, Canada, Israel, and Germany.