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Christina Lake Cannabis (Christina Lake Cannabis) Days Inventory : 189.65 (As of Aug. 2023)


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What is Christina Lake Cannabis Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Christina Lake Cannabis's Average Total Inventories for the three months ended in Aug. 2023 was $3.76 Mil. Christina Lake Cannabis's Cost of Goods Sold for the three months ended in Aug. 2023 was $1.81 Mil. Hence, Christina Lake Cannabis's Days Inventory for the three months ended in Aug. 2023 was 189.65.

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

CLCFF' s Days Inventory Range Over the Past 10 Years
Min: 222.35   Med: 507.5   Max: 682.64
Current: 222.35

During the past 5 years, Christina Lake Cannabis's highest Days Inventory was 682.64. The lowest was 222.35. And the median was 507.50.

CLCFF's Days Inventory is ranked worse than
71.55% of 970 companies
in the Drug Manufacturers industry
Industry Median: 159.52 vs CLCFF: 222.35

Christina Lake Cannabis's Days Inventory declined from Aug. 2022 (346.26) to Aug. 2023 (189.65).

Inventory Turnover measures how fast the company turns over its inventory within a year. Christina Lake Cannabis's Inventory Turnover for the three months ended in Aug. 2023 was 0.48.

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. Christina Lake Cannabis's Inventory-to-Revenue for the three months ended in Aug. 2023 was 1.43.


Christina Lake Cannabis Days Inventory Historical Data

The historical data trend for Christina Lake Cannabis'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.

Christina Lake Cannabis Days Inventory Chart

Christina Lake Cannabis Annual Data
Trend Nov18 Nov19 Nov20 Nov21 Nov22
Days Inventory
- - - 670.24 345.44

Christina Lake Cannabis Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
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 346.26 262.08 275.94 141.56 189.65

Competitive Comparison of Christina Lake Cannabis's Days Inventory

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


Christina Lake Cannabis's Days Inventory Distribution in the Drug Manufacturers Industry

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

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



Christina Lake Cannabis Days Inventory Calculation

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

Christina Lake Cannabis's Days Inventory for the fiscal year that ended in Nov. 2022 is calculated as

Days Inventory (A: Nov. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Nov. 2021 ) + Total Inventories (A: Nov. 2022 )) / count ) / Cost of Goods Sold (A: Nov. 2022 )*Days in Period
=( (5.692 + 4.285) / 2 ) / 5.271*365
=4.9885 / 5.271*365
=345.44

Christina Lake Cannabis's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

Days Inventory (Q: Aug. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: May. 2023 ) + Total Inventories (Q: Aug. 2023 )) / count ) / Cost of Goods Sold (Q: Aug. 2023 )*Days in Period
=( (3.067 + 4.444) / 2 ) / 1.807*365 / 4
=3.7555 / 1.807*365 / 4
=189.65

* 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.


Christina Lake Cannabis  (OTCPK:CLCFF) 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.

Christina Lake Cannabis's Inventory Turnover for the three months ended in Aug. 2023 is calculated as

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.

Christina Lake Cannabis's Inventory to Revenue for the three months ended in Aug. 2023 is calculated as

* 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.


Christina Lake Cannabis Days Inventory Related Terms

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


Christina Lake Cannabis (Christina Lake Cannabis) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.