1933 Industries (1933 Industries) Days Inventory : 82.08 (As of Jan. 2024)

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What is 1933 Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 1933 Industries's Average Total Inventories for the three months ended in Jan. 2024 was $2.24 Mil. 1933 Industries's Cost of Goods Sold for the three months ended in Jan. 2024 was $2.49 Mil. Hence, 1933 Industries's Days Inventory for the three months ended in Jan. 2024 was 82.08.

The historical rank and industry rank for 1933 Industries's Days Inventory or its related term are showing as below:

TGIFF' s Days Inventory Range Over the Past 10 Years
Min: 70.42 Med: 108.73 Max: 312.47
Current: 82.5

During the past 13 years, 1933 Industries's highest Days Inventory was 312.47. The lowest was 70.42. And the median was 108.73.

TGIFF's Days Inventory is ranked better than
83.45% of 973 companies
in the Drug Manufacturers industry
Industry Median: 157.9 vs TGIFF: 82.50

1933 Industries's Days Inventory declined from Jan. 2023 (133.33) to Jan. 2024 (82.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. 1933 Industries's Inventory Turnover for the three months ended in Jan. 2024 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. 1933 Industries's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.63.

1933 Industries Days Inventory Historical Data

The historical data trend for 1933 Industries'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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1933 Industries Days Inventory Chart

1933 Industries Annual Data

Trend

Dec14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Inventory

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70.37

110.26

202.28

229.85

96.01

1933 Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															133.33	87.89	73.51	72.62	82.08

Competitive Comparison of 1933 Industries's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, 1933 Industries'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.

1933 Industries's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, 1933 Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where 1933 Industries's Days Inventory falls into.

1933 Industries Days Inventory Calculation

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

1933 Industries's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (5.545	+	1.972)	/	2 )	/	14.288	*	365
=	3.7585					/	14.288	*	365
=	96.01

1933 Industries's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (2.432	+	2.044)	/	2 )	/	2.488	*	365 / 4
=	2.238					/	2.488	*	365 / 4
=	82.08

1933 Industries (OTCPK:TGIFF) 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.

1933 Industries's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.488	/	2.238
	=	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.

1933 Industries's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.238	/	3.535
	=	0.63

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.

1933 Industries Days Inventory Related Terms

Thank you for viewing the detailed overview of 1933 Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

1933 Industries (1933 Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » 1933 Industries Inc (OTCPK:TGIFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TGIF:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.1933industries.com

1933 Industries Inc is a vertically integrated cannabis company. The company is focused on the cultivation and manufacturing of cannabis consumer-branded goods. The Company operates in three segments, referred to as AMA, Infused MFG, and Corporate. AMA is focused on the cultivation and sale of medical and adult-use cannabis products, and Infused MFG is focused on the manufacturing of hemp-derived CBD products. The majority of revenue is generated from the AMA segment. The operations of AMA and Infused MFG are located in the United States. All revenues are earned in the United States.