CBGL (Cannabis Global) Days Inventory: 23.05 (As of May. 2022)


What is Cannabis Global Days Inventory?

Cannabis Global CBGL Days Inventory is 23.05 as of May. 2022.

Days Inventory is also known as Days Sales of Inventory (DSI). Cannabis Global's Average Total Inventories for the three months ended in May. 2022 was $0.20 Mil. Cannabis Global's Cost of Goods Sold for the three months ended in May. 2022 was $0.78 Mil. Hence, Cannabis Global's Days Inventory for the three months ended in May. 2022 was 23.05.

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

CBGL's Days Inventory is not ranked *
in the Drug Manufacturers industry.
Industry Median: 162.83
* Ranked among companies with meaningful Days Inventory only.

Cannabis Global's Days Inventory increased from May. 2021 (22.66) to May. 2022 (23.05). It might indicate that Cannabis Global's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cannabis Global's Inventory Turnover for the three months ended in May. 2022 was 3.96.

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. Cannabis Global's Inventory-to-Revenue for the three months ended in May. 2022 was 0.25.

Cannabis Global  (OTCPK:CBGL) 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.

Cannabis Global's Inventory Turnover for the three months ended in May. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.78 / 0.197
=3.96

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.

Cannabis Global's Inventory to Revenue for the three months ended in May. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.197 / 0.792
=0.25

* 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.

Cannabis Global Days Inventory Related Terms

Cannabis Global Days Inventory Historical Data

* Premium members only.

The historical data trend for Cannabis Global'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.

Cannabis Global Days Inventory Chart

Cannabis Global Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 562.10 34.00

Cannabis Global Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.66 24.93 51.33 30.89 23.05

CBGL vs MILC, BBBT, GCAN: Days Inventory Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Global'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.

Cannabis Global Days Inventory vs Drug Manufacturers Industry

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

* The bar in red indicates where Cannabis Global's Days Inventory falls into.


Cannabis Global Days Inventory Calculation

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

Cannabis Global's Days Inventory for the fiscal year that ended in Aug. 2021 is calculated as

Days Inventory (A: Aug. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Aug. 2020 ) + Total Inventories (A: Aug. 2021 )) / count ) / Cost of Goods Sold (A: Aug. 2021 )*Days in Period
=( (0.075 + 0.189) / 2 ) / 1.417*365
=0.132 / 1.417*365
=34.00

Cannabis Global's Days Inventory for the quarter that ended in May. 2022 is calculated as:

Days Inventory (Q: May. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Feb. 2022 ) + Total Inventories (Q: May. 2022 )) / count ) / Cost of Goods Sold (Q: May. 2022 )*Days in Period
=( (0.196 + 0.198) / 2 ) / 0.78*365 / 4
=0.197 / 0.78*365 / 4
=23.05

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 23.05 mean?
Cannabis Global (CBGL) has a Days Inventory of 23.05 as of May. 2022. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Cannabis Global and its competitors.
Is Cannabis Global's Days Inventory too high?
Cannabis Global's current Days Inventory is 23.05. The Drug Manufacturers industry median Days Inventory is 162.83. Cannabis Global's value of 23.05 is 85.8% below this industry median.
How does Cannabis Global's Days Inventory compare to MILC and BBBT?
Cannabis Global's Days Inventory of 23.05 can be compared against companies in the Drug Manufacturers industry. The industry median Days Inventory is 162.83. Cannabis Global's value of 23.05 is 85.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Drug Manufacturers company?
The median Days Inventory among Drug Manufacturers companies is 162.83, based on 919 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cannabis Global's current Days Inventory of 23.05 is 85.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Cannabis Global and its competitors. For the Drug Manufacturers industry, the median Days Inventory is 162.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cannabis Global's current Days Inventory is 23.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannabis Global stock overvalued right now?
Cannabis Global (CBGL) has a current Days Inventory of 23.05. The current Days Inventory is 23.05 and 85.8% below the Drug Manufacturers industry median of 162.83. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Cannabis Global (CBGL), the current Days Inventory is 23.05 as of May. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cannabis Global Business Description

Address 520 S Grand Avenue, Suite 320, Los Angeles, CA, USA, 90071
Cannabis Global Inc manufactures and distributes various cannabis products via its majority ownership of Natural Plant Extract, Inc is developing the Ethos Comply Bag, and generally conducts research and development in the areas of hemp, cannabis and consumer food goods. The company also have an active research and development program focused on creating and commercializing engineered technologies that deliver hemp extracts and cannabinoids to the human body. Its product includes cannabis flower packaged in various weights, cannabis Pre-rolls, cannabis edible products.