CENBF (CEN Biotech) Days Inventory: 0.00 (As of Mar. 2023)

What is CEN Biotech Days Inventory?

CEN Biotech CENBF Days Inventory is 0.00 as of Mar. 2023.

Days Inventory is also known as Days Sales of Inventory (DSI). CEN Biotech's Average Total Inventories for the three months ended in Mar. 2023 was $0.00 Mil. CEN Biotech's Cost of Goods Sold for the three months ended in Mar. 2023 was $0.00 Mil.

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

CENBF's Days Inventory is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 164.48
* Ranked among companies with meaningful Days Inventory only.

CEN Biotech's Days Inventory stayed the same from Mar. 2022 (0.00) to Mar. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. CEN Biotech's Inventory-to-Revenue for the three months ended in Mar. 2023 was 0.00.

CEN Biotech (OTCPK:CENBF) 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.

CEN Biotech's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=

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.

CEN Biotech's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.094
	=	0.00

* 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.

CEN Biotech Days Inventory Related Terms

CEN Biotech Days Inventory Historical Data

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The historical data trend for CEN Biotech's Days Inventory can be seen below:

CEN Biotech Days Inventory Chart

CEN Biotech Annual Data

Trend

Dec14

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Days Inventory

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CEN Biotech Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Inventory	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

CENBF vs INLB, NEPT, SGBI: Days Inventory Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, CEN Biotech'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.

CEN Biotech Days Inventory vs Drug Manufacturers Industry

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

* The bar in red indicates where CEN Biotech's Days Inventory falls into.

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CEN Biotech Days Inventory Calculation

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

CEN Biotech's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

CEN Biotech's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 0.00 mean?

CEN Biotech (CENBF) has a Days Inventory of 0.00 as of Mar. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on CEN Biotech and its competitors.

Is CEN Biotech's Days Inventory too high?

CEN Biotech's current Days Inventory is 0.00.

How does CEN Biotech's Days Inventory compare to INLB and NEPT?

CEN Biotech's Days Inventory of 0.00 can be compared against companies in the Drug Manufacturers industry. The industry median Days Inventory is 164.48. 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 164.48, based on 917 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. 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 CEN Biotech and its competitors. For the Drug Manufacturers industry, the median Days Inventory is 164.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEN Biotech's current Days Inventory is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CEN Biotech stock overvalued right now?

CEN Biotech (CENBF) has a current Days Inventory of 0.00. The current Days Inventory is 0.00. 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 CEN Biotech (CENBF), the current Days Inventory is 0.00 as of Mar. 2023. 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.

CEN Biotech Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies INLB NEPT SGBI SNOA GCAN KAYS SKYI CANB MNKTQ KGKG ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692

Address 3295 Quality Way, Suite 300, Windsor, ON, CAN, N8T 3R9

Website https://www.cenbiotechinc.com

CEN Biotech Inc is an early-stage Canadian biopharmaceutical company. The Company grows, sells, and delivers pharmaceutical-grade medical marijuana to patients.