Eden Empire (Eden Empire) Days Inventory : 33.01 (As of Apr. 2022)

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What is Eden Empire Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eden Empire's Average Total Inventories for the three months ended in Apr. 2022 was $0.02 Mil. Eden Empire's Cost of Goods Sold for the three months ended in Apr. 2022 was $0.05 Mil. Hence, Eden Empire's Days Inventory for the three months ended in Apr. 2022 was 33.01.

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

EDNEF's Days Inventory is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 159.275
* Ranked among companies with meaningful Days Inventory only.

Eden Empire's Days Inventory declined from Apr. 2021 (75.77) to Apr. 2022 (33.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. Eden Empire's Inventory Turnover for the three months ended in Apr. 2022 was 2.76.

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. Eden Empire's Inventory-to-Revenue for the three months ended in Apr. 2022 was 0.33.

Eden Empire Days Inventory Historical Data

The historical data trend for Eden Empire'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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Eden Empire Days Inventory Chart

Eden Empire Annual Data

Trend

Jul19

Jul20

Jul21

Days Inventory

93.44

Eden Empire Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Days Inventory	Get a 7-Day Free Trial								75.77	69.43	57.91	130.36	33.01

Competitive Comparison of Eden Empire's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Eden Empire'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.

Eden Empire's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Eden Empire's Days Inventory falls into.

Eden Empire Days Inventory Calculation

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

Eden Empire's Days Inventory for the fiscal year that ended in Jul. 2021 is calculated as

	Days Inventory (A: Jul. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2020 )	+	Total Inventories (A: Jul. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2021 )	*	Days in Period
=	( (0.02	+	0.044)	/	2 )	/	0.125	*	365
=	0.032					/	0.125	*	365
=	93.44

Eden Empire's Days Inventory for the quarter that ended in Apr. 2022 is calculated as:

	Days Inventory (Q: Apr. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jan. 2022 )	+	Total Inventories (Q: Apr. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2022 )	*	Days in Period
=	( (0.018	+	0.016)	/	2 )	/	0.047	*	365 / 4
=	0.017					/	0.047	*	365 / 4
=	33.01

Eden Empire (OTCPK:EDNEF) 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.

Eden Empire's Inventory Turnover for the three months ended in Apr. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.047	/	0.017
	=	2.76

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.

Eden Empire's Inventory to Revenue for the three months ended in Apr. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.017	/	0.051
	=	0.33

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.

Eden Empire Days Inventory Related Terms

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

Eden Empire (Eden Empire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Eden Empire Inc (OTCPK:EDNEF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, 2800 Park Place, Vancouver, BC, CAN, V6C 2Z7

Website

https://www.myeden.ca

Eden Empire Inc is engaged in the business of operating and investing in the retail cannabis sector.

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