Kanabo Group (LSE:KNB) Days Inventory : 31.20 (As of Dec. 2023)

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What is Kanabo Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kanabo Group's Average Total Inventories for the six months ended in Dec. 2023 was £0.07 Mil. Kanabo Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.39 Mil. Hence, Kanabo Group's Days Inventory for the six months ended in Dec. 2023 was 31.20.

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

LSE:KNB' s Days Inventory Range Over the Past 10 Years
Min: 32.85 Med: 156.96 Max: 379.04
Current: 34.21

During the past 7 years, Kanabo Group's highest Days Inventory was 379.04. The lowest was 32.85. And the median was 156.96.

LSE:KNB's Days Inventory is ranked worse than
52.68% of 467 companies
in the Healthcare Providers & Services industry
Industry Median: 32.13 vs LSE:KNB: 34.21

Kanabo Group's Days Inventory declined from Dec. 2022 (54.10) to Dec. 2023 (31.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kanabo Group's Inventory Turnover for the six months ended in Dec. 2023 was 5.85.

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. Kanabo Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.15.

Kanabo Group Days Inventory Historical Data

The historical data trend for Kanabo Group'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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Kanabo Group Days Inventory Chart

Kanabo Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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379.04

248.86

65.05

32.85

Kanabo Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial								236.86	79.77	54.10	38.76	31.20

Competitive Comparison of Kanabo Group's Days Inventory

For the Medical Care Facilities subindustry, Kanabo Group'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.

Kanabo Group's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kanabo Group's Days Inventory distribution charts can be found below:

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

Kanabo Group Days Inventory Calculation

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

Kanabo Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.081	+	0.056)	/	2 )	/	0.761	*	365
=	0.0685					/	0.761	*	365
=	32.85

Kanabo Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.077	+	0.056)	/	2 )	/	0.389	*	365 / 2
=	0.0665					/	0.389	*	365 / 2
=	31.20

Kanabo Group (LSE:KNB) 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.

Kanabo Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.389	/	0.0665
	=	5.85

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.

Kanabo Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0665	/	0.446
	=	0.15

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.

Kanabo Group Days Inventory Related Terms

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

Kanabo Group (LSE:KNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kanabo Group PLC (LSE:KNB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

3WD:Germany

Address

137-139 Brent Street, Churchill House, London, GBR, NW4 4DJ

Website

https://www.kanabogroup.com

Kanabo Group PLC is a research and development company engaged in selling a range of THC-Free retail CBD products in the markets and it is in the process of developing medical cannabis products. Its reportable segments include Primary Care and Secondary Care. The Primary Care segment includes Tele pharma services provided by GPS and The Secondary Care segment includes the development and distribution of cannabis-derived medical and wellness products. Geographically company has a presence in the United Kingdom, Israel, and others.

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