Heritage Cannabis Holding (Heritage Cannabis Holding) Days Inventory : 330.62 (As of Oct. 2023)

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What is Heritage Cannabis Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Heritage Cannabis Holding's Average Total Inventories for the three months ended in Oct. 2023 was $12.88 Mil. Heritage Cannabis Holding's Cost of Goods Sold for the three months ended in Oct. 2023 was $3.56 Mil. Hence, Heritage Cannabis Holding's Days Inventory for the three months ended in Oct. 2023 was 330.62.

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

HERTF' s Days Inventory Range Over the Past 10 Years
Min: 278.1 Med: 301.35 Max: 518.16
Current: 358.7

During the past 13 years, Heritage Cannabis Holding's highest Days Inventory was 518.16. The lowest was 278.10. And the median was 301.35.

HERTF's Days Inventory is ranked worse than
88.33% of 968 companies
in the Drug Manufacturers industry
Industry Median: 158.075 vs HERTF: 358.70

Heritage Cannabis Holding's Days Inventory increased from Oct. 2022 (219.19) to Oct. 2023 (330.62). It might indicate that Heritage Cannabis Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heritage Cannabis Holding's Inventory Turnover for the three months ended in Oct. 2023 was 0.28.

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. Heritage Cannabis Holding's Inventory-to-Revenue for the three months ended in Oct. 2023 was 2.21.

Heritage Cannabis Holding Days Inventory Historical Data

The historical data trend for Heritage Cannabis Holding'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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Heritage Cannabis Holding Days Inventory Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Inventory

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518.21

301.71

284.56

291.86

351.19

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Inventory	Get a 7-Day Free Trial															219.19	370.19	399.28	349.88	330.62

Competitive Comparison of Heritage Cannabis Holding's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Heritage Cannabis Holding'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.

Heritage Cannabis Holding's Days Inventory Distribution in the Drug Manufacturers Industry

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

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

Heritage Cannabis Holding Days Inventory Calculation

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

Heritage Cannabis Holding's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

	Days Inventory (A: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (12.265	+	12.588)	/	2 )	/	12.915	*	365
=	12.4265					/	12.915	*	365
=	351.19

Heritage Cannabis Holding's Days Inventory for the quarter that ended in Oct. 2023 is calculated as:

	Days Inventory (Q: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (13.173	+	12.588)	/	2 )	/	3.555	*	365 / 4
=	12.8805					/	3.555	*	365 / 4
=	330.62

Heritage Cannabis Holding (OTCPK:HERTF) 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.

Heritage Cannabis Holding's Inventory Turnover for the three months ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.555	/	12.8805
	=	0.28

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.

Heritage Cannabis Holding's Inventory to Revenue for the three months ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.8805	/	5.818
	=	2.21

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.

Heritage Cannabis Holding Days Inventory Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Heritage Cannabis Holding Corp (OTCPK:HERTF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.