MTL Cannabis (FRA:J4E) Days Inventory : 71.87 (As of Sep. 2023)

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What is MTL Cannabis Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MTL Cannabis's Average Total Inventories for the three months ended in Sep. 2023 was €6.93 Mil. MTL Cannabis's Cost of Goods Sold for the three months ended in Sep. 2023 was €8.80 Mil. Hence, MTL Cannabis's Days Inventory for the three months ended in Sep. 2023 was 71.87.

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

FRA:J4E' s Days Inventory Range Over the Past 10 Years
Min: 103.96 Med: 199.98 Max: 275.6
Current: 103.96

During the past 3 years, MTL Cannabis's highest Days Inventory was 275.60. The lowest was 103.96. And the median was 199.98.

FRA:J4E's Days Inventory is ranked better than
56% of 50 companies
in the Tobacco Products industry
Industry Median: 131.91 vs FRA:J4E: 103.96

MTL Cannabis's Days Inventory declined from Jun. 2022 (202.99) to Sep. 2023 (71.87).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. MTL Cannabis's Inventory Turnover for the three months ended in Sep. 2023 was 1.27.

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. MTL Cannabis's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.53.

MTL Cannabis Days Inventory Historical Data

The historical data trend for MTL 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.

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MTL Cannabis Days Inventory Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

200.01

268.43

195.73

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	-	96.52	71.87	70.11

Competitive Comparison of MTL Cannabis's Days Inventory

For the Tobacco subindustry, MTL 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.

MTL Cannabis's Days Inventory Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, MTL Cannabis's Days Inventory distribution charts can be found below:

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

MTL Cannabis Days Inventory Calculation

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

MTL Cannabis's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (5.083	+	7.12)	/	2 )	/	11.378	*	365
=	6.1015					/	11.378	*	365
=	195.73

MTL Cannabis's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (6.826	+	7.037)	/	2 )	/	8.801	*	365 / 4
=	6.9315					/	8.801	*	365 / 4
=	71.87

MTL Cannabis (FRA:J4E) 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.

MTL Cannabis's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.801	/	6.9315
	=	1.27

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.

MTL Cannabis's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.9315	/	13.161
	=	0.53

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.

MTL Cannabis Days Inventory Related Terms

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

MTL Cannabis (FRA:J4E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (FRA:J4E) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MTLC:Canada

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

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