EVIO (EVIO) Days Inventory: 0.00 (As of Jun. 2020)

What is EVIO Days Inventory?

EVIO EVIO -98.00% Days Inventory is 0.00 as of Jun. 2020.

Days Inventory is also known as Days Sales of Inventory (DSI). EVIO's Average Total Inventories for the three months ended in Jun. 2020 was $0.00 Mil. EVIO's Cost of Goods Sold for the three months ended in Jun. 2020 was $0.74 Mil. Hence, EVIO's Days Inventory for the three months ended in Jun. 2020 was 0.00.

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

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

EVIO's Days Inventory stayed the same from Jun. 2019 (0.00) to Jun. 2020 (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. EVIO's Inventory-to-Revenue for the three months ended in Jun. 2020 was 0.00.

EVIO (OTCPK:EVIO) 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.

EVIO's Inventory Turnover for the three months ended in Jun. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.743	/	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.

EVIO's Inventory to Revenue for the three months ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.603
	=	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.

EVIO Days Inventory Related Terms

EVIO Days Inventory Historical Data

* Premium members only.

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

EVIO Days Inventory Chart

EVIO Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Days Inventory

0.00

EVIO Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Inventory	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

EVIO vs VCBD, ACCA, LITH: Days Inventory Comparison

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

EVIO Days Inventory vs Drug Manufacturers Industry

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

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

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EVIO Days Inventory Calculation

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

EVIO's Days Inventory for the fiscal year that ended in Sep. 2019 is calculated as

	Days Inventory (A: Sep. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2018 )	+	Total Inventories (A: Sep. 2019 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2019 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	4.726	*	365
=	0					/	4.726	*	365
=	0.00

EVIO's Days Inventory for the quarter that ended in Jun. 2020 is calculated as:

	Days Inventory (Q: Jun. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2020 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.743	*	365 / 4
=	0					/	0.743	*	365 / 4
=	0.00

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 0.00 mean?

EVIO (EVIO) has a Days Inventory of 0.00 as of Jun. 2020. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on EVIO and its competitors.

Is EVIO's Days Inventory too high?

EVIO's current Days Inventory is 0.00.

How does EVIO's Days Inventory compare to VCBD and ACCA?

EVIO's Days Inventory of 0.00 can be compared against companies in the Drug Manufacturers industry. The industry median Days Inventory is 162.83. 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. 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 EVIO 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. EVIO'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 EVIO stock overvalued right now?

EVIO (EVIO) 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 EVIO (EVIO), the current Days Inventory is 0.00 as of Jun. 2020. 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.

EVIO Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies VCBD ACCA LITH KOAN BSPK PCYN MCOA CNABQ ETST THCT ZTS TSE:4502 XTER:MRK HKSE:03692 TSE:4523 SZSE:000661 TSE:4507 SZSE:000538 NSE:SUNPHARMA SZSE:300601

Address 2654 W. Horizon Ridge Drive Parkway, Suite B5-208, Henderson, NV, USA, 89052

Website http://www.evioinc.com

EVIO Inc is a Colorado corporation and a diversified holding company. Its subsidiaries provide analytical testing and advisory services to the emerging legalized cannabis industry. The Company performs analytical testing for cannabis and cannabis-derived products, including hemp and CBD products. Its current operations also include pharmaceutical, environmental, stability, and analytical testing, as well as residential and commercial construction and investments, with operations in the United States and Canada.