KushCo Holdings (KushCo Holdings) Days Inventory : 196.63 (As of May. 2021)

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What is KushCo Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). KushCo Holdings's Average Total Inventories for the three months ended in May. 2021 was $51.6 Mil. KushCo Holdings's Cost of Goods Sold for the three months ended in May. 2021 was $24.0 Mil. Hence, KushCo Holdings's Days Inventory for the three months ended in May. 2021 was 196.63.

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

KSHB' s Days Inventory Range Over the Past 10 Years
Min: 56.58 Med: 73.34 Max: 152.36
Current: 152.36

During the past 7 years, KushCo Holdings's highest Days Inventory was 152.36. The lowest was 56.58. And the median was 73.34.

KSHB's Days Inventory is not ranked
in the Packaging & Containers industry.
Industry Median: 77.68 vs KSHB: 152.36

KushCo Holdings's Days Inventory increased from May. 2020 (115.76) to May. 2021 (196.63). It might indicate that KushCo Holdings's sales slowed down.

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. KushCo Holdings's Inventory Turnover for the three months ended in May. 2021 was 0.46.

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. KushCo Holdings's Inventory-to-Revenue for the three months ended in May. 2021 was 1.82.

KushCo Holdings Days Inventory Historical Data

The historical data trend for KushCo Holdings'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.

* Premium members only.

KushCo Holdings Days Inventory Chart

KushCo Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Days Inventory

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59.47

76.77

73.34

81.55

123.34

KushCo Holdings Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Days Inventory	Get a 7-Day Free Trial															115.76	121.08	136.22	147.63	196.63

Competitive Comparison of KushCo Holdings's Days Inventory

For the Packaging & Containers subindustry, KushCo Holdings'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.

KushCo Holdings's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, KushCo Holdings's Days Inventory distribution charts can be found below:

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

KushCo Holdings Days Inventory Calculation

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

KushCo Holdings's Days Inventory for the fiscal year that ended in Aug. 2020 is calculated as

	Days Inventory (A: Aug. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2019 )	+	Total Inventories (A: Aug. 2020 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2020 )	*	Days in Period
=	( (43.768	+	28.049)	/	2 )	/	106.265	*	365
=	35.9085					/	106.265	*	365
=	123.34

KushCo Holdings's Days Inventory for the quarter that ended in May. 2021 is calculated as:

	Days Inventory (Q: May. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2021 )	+	Total Inventories (Q: May. 2021 ))	/	count )	/	Cost of Goods Sold (Q: May. 2021 )	*	Days in Period
=	( (50.846	+	52.37)	/	2 )	/	23.95	*	365 / 4
=	51.608					/	23.95	*	365 / 4
=	196.63

KushCo Holdings (OTCPK:KSHB) 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.

KushCo Holdings's Inventory Turnover for the three months ended in May. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.95	/	51.608
	=	0.46

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.

KushCo Holdings's Inventory to Revenue for the three months ended in May. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	51.608	/	28.319
	=	1.82

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.

KushCo Holdings Days Inventory Related Terms

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

KushCo Holdings (KushCo Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » KushCo Holdings Inc (OTCPK:KSHB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

6261 Katella Avenue, Suite 250, Cypress, CA, USA, 90630

Website

https://www.kushco.com

KushCo Holdings Inc is engaged in marketing and selling of customized packaging products, vaporizers, hydrocarbon gases, solvents, accessories and branding solutions to customers operating in the regulated medical and recreational cannabis industries. The firm's packaging products consist of bottles, bags, tubes, and containers. Its subsidiaries and brands provide product quality, customer service, compliance knowledge and a local presence in serving its diverse customer base. The firm has sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe.

Executives

Stephen Christoffersen	officer: Chief Financial Officer	6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630
Peter A. Kadens	director	C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Nicholas Kovacevich	director, officer: Chairman and CEO	2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660
Oliveira Rodrigo De	officer: Chief Operating Officer	C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841
Donald H Hunter	director	C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109
Barbara Goodstein	director	23 MAIN STREET, HOLMDEL NJ 07733
Dallas Imbimbo	director	1800 NEWPORT CIRCLE, SANTA ANA CA 92705
Eric Baum	director	866 BERKSHIRE DRIVE, WESTBURY NY 11590
Christopher Tedford	officer: Chief Financial Officer	C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jason Vegotsky	officer: Chief Revenue Officer	C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jim Mccormick	officer: CFO and COO	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Ben Wu	other: Consultant, Former COO	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Chris Martin	other: None	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Greg Gamet	other: None	3539 GAYLORD STREET DENVER CO 80205
Jeffrey Meng	10 percent owner	17595 HARVARD STREET C552 IRVINE CA 92614