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MGROF (MustGrow Biologics) Days Inventory : 4,912.29 (As of Sep. 2024)


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What is MustGrow Biologics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MustGrow Biologics's Average Total Inventories for the three months ended in Sep. 2024 was $0.16 Mil. MustGrow Biologics's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.00 Mil. Hence, MustGrow Biologics's Days Inventory for the three months ended in Sep. 2024 was 4,912.29.

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

MGROF' s Days Inventory Range Over the Past 10 Years
Min: 0   Med: 0   Max: 19983.75
Current: 19983.75

During the past 8 years, MustGrow Biologics's highest Days Inventory was 19983.75. The lowest was 0.00. And the median was 0.00.

MGROF's Days Inventory is ranked worse than
100% of 237 companies
in the Agriculture industry
Industry Median: 111.06 vs MGROF: 19983.75

MustGrow Biologics's Days Inventory increased from Sep. 2023 (0.00) to Sep. 2024 (4,912.29). It might indicate that MustGrow Biologics'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. MustGrow Biologics's Inventory Turnover for the three months ended in Sep. 2024 was 0.02.

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. MustGrow Biologics's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.78.


MustGrow Biologics Days Inventory Historical Data

The historical data trend for MustGrow Biologics'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.

MustGrow Biologics Days Inventory Chart

MustGrow Biologics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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MustGrow Biologics Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 4,912.29

Competitive Comparison of MustGrow Biologics's Days Inventory

For the Agricultural Inputs subindustry, MustGrow Biologics'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.


MustGrow Biologics's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, MustGrow Biologics's Days Inventory distribution charts can be found below:

* The bar in red indicates where MustGrow Biologics's Days Inventory falls into.


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MustGrow Biologics Days Inventory Calculation

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

MustGrow Biologics'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 + 0) / 1 ) / 0*365
=0 / 0*365
=N/A

MustGrow Biologics's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0.022 + 0.301) / 2 ) / 0.003*365 / 4
=0.1615 / 0.003*365 / 4
=4,912.29

* 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.


MustGrow Biologics  (OTCPK:MGROF) 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.

MustGrow Biologics's Inventory Turnover for the three months ended in Sep. 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.

MustGrow Biologics's Inventory to Revenue for the three months ended in Sep. 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.


MustGrow Biologics Days Inventory Related Terms

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


MustGrow Biologics Business Description

Traded in Other Exchanges
Address
1005 - 201 1st Avenue South, Saskatoon, SK, CAN, S7K 1J5
MustGrow Biologics Corp is a company engaged in the development of natural biopesticide products from mustard seed. It is focused on the development and commercialization of non-synthetic AITC (Allyl Isothiocyanate) from mustard seed for use as a natural biofumigant for the control of nematodes, soil-borne diseases, and other soil pests. the objective of these technologies is for use as an alternative to banned/restricted synthetic chemicals and fertilizers, for use in organic agriculture, and to help improve overall soil health.