Acreage Holdings (Acreage Holdings) Days Inventory : 124.66 (As of Dec. 2023)

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What is Acreage Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acreage Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $49.4 Mil. Acreage Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $36.1 Mil. Hence, Acreage Holdings's Days Inventory for the three months ended in Dec. 2023 was 124.66.

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

ACRDF' s Days Inventory Range Over the Past 10 Years
Min: 116.66 Med: 128.6 Max: 151.16
Current: 132.35

During the past 7 years, Acreage Holdings's highest Days Inventory was 151.16. The lowest was 116.66. And the median was 128.60.

ACRDF's Days Inventory is ranked better than
61.11% of 972 companies
in the Drug Manufacturers industry
Industry Median: 158.805 vs ACRDF: 132.35

Acreage Holdings's Days Inventory increased from Dec. 2022 (123.41) to Dec. 2023 (124.66). It might indicate that Acreage Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acreage Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.73.

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. Acreage Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.93.

Acreage Holdings Days Inventory Historical Data

The historical data trend for Acreage Holdings'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.

* Premium members only.

Acreage Holdings Days Inventory Chart

Acreage Holdings Annual Data

Trend

Aug17

Aug18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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151.16

116.66

128.60

123.00

128.69

Acreage Holdings 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															123.41	160.05	125.24	128.20	124.66

Competitive Comparison of Acreage Holdings's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Acreage Holdings'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.

Acreage Holdings's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Acreage Holdings's Days Inventory falls into.

Acreage Holdings Days Inventory Calculation

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

Acreage Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (49.446	+	47.675)	/	2 )	/	137.733	*	365
=	48.5605					/	137.733	*	365
=	128.69

Acreage Holdings'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
=	( (51.05	+	47.675)	/	2 )	/	36.134	*	365 / 4
=	49.3625					/	36.134	*	365 / 4
=	124.66

Acreage Holdings (OTCPK:ACRDF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	36.134	/	49.3625
	=	0.73

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	49.3625	/	52.798
	=	0.93

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.

Acreage Holdings Days Inventory Related Terms

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

Acreage Holdings (Acreage Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Acreage Holdings Inc (OTCPK:ACRDF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ACRHF:USA 0VZ1:Germany ACRG.A.U:Canada ACRG.B.U:Canada

Address

450 Lexington Avenue, Suite 3308, New York, NY, USA, 10163

Website

https://www.acreageholdings.com

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing, and retailing cannabis. The Company derives its revenues from its retail dispensary business, where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West, and South. The Company operates under one operating segment, which is: the production and sale of cannabis products.