Days Inventory is also known as Days Sales of Inventory (DSI). High Tide's Average Total Inventories for the
three
months ended in Apr. 2024 was $19.8 Mil. High Tide's Cost of Goods Sold for the
three
months ended in Apr. 2024 was $65.1 Mil.
Hence, High Tide's Days Inventory for the
three
months ended in Apr. 2024 was 27.71.
The historical rank and industry rank for High Tide's Days Inventory or its related term are showing as below:
HITI'
s Days Inventory Range Over the Past 10 Years
Min: 25.29 Med: 43.22 Max: 244.69
Current: 53.8
During the past 7 years, High Tide's highest Days Inventory was 244.69. The lowest was 25.29. And the median was 43.22.
HITI's Days Inventory is ranked worse than 67.3% of 471
companies
in the Healthcare Providers & Services industry
Industry Median: 32.49
vs HITI: 53.80
High Tide's Days Inventory
increased
from Jan. 2023 (25.40) to Apr. 2024 (27.71).
It might indicate that High Tide's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
High Tide's Inventory Turnover for the
three
months ended in Apr. 2024 was 3.29.
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.
High Tide's Inventory-to-Revenue for the
three
months ended in Apr. 2024 was 0.22.
High Tide Days Inventory Historical Data
The historical data trend for High Tide'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.
Competitive Comparison of High Tide's Days Inventory
For the Pharmaceutical Retailers subindustry, High Tide'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.
High Tide's Days Inventory Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, High Tide's Days Inventory distribution charts can be found below:
* The bar in red indicates where High Tide's Days Inventory falls into.
High Tide Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
High Tide's Days Inventory for the fiscal year that ended in Oct. 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.
High Tide (NAS:HITI) 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.
High Tide's Inventory Turnover for the
three
months ended in Apr. 2024 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.
High Tide's Inventory to Revenue for the
three
months ended in Apr. 2024 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.
High Tide Days Inventory Related Terms
Thank you for viewing the detailed overview of High Tide's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.
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