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Maverick Lifestyle (Maverick Lifestyle) Days Inventory : 294.92 (As of Jun. 2023)


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What is Maverick Lifestyle Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Maverick Lifestyle's Average Total Inventories for the three months ended in Jun. 2023 was $0.63 Mil. Maverick Lifestyle's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.19 Mil. Hence, Maverick Lifestyle's Days Inventory for the three months ended in Jun. 2023 was 294.92.

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

MVRK's Days Inventory is not ranked *
in the Tobacco Products industry.
Industry Median: 135.5
* Ranked among companies with meaningful Days Inventory only.

Maverick Lifestyle's Days Inventory declined from Mar. 2022 (1,249.57) to Jun. 2023 (294.92).

Inventory Turnover measures how fast the company turns over its inventory within a year. Maverick Lifestyle's Inventory Turnover for the three months ended in Jun. 2023 was 0.31.

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. Maverick Lifestyle's Inventory-to-Revenue for the three months ended in Jun. 2023 was 1.38.

Maverick Lifestyle Days Inventory Historical Data

The historical data trend for Maverick Lifestyle'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.

Maverick Lifestyle Days Inventory Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22
Days Inventory
- 276.48 350.89

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Days Inventory Get a 7-Day Free Trial 1,249.57 - - 389.20 294.92

Competitive Comparison of Maverick Lifestyle's Days Inventory

For the Tobacco subindustry, Maverick Lifestyle'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.

Maverick Lifestyle's Days Inventory Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Maverick Lifestyle's Days Inventory distribution charts can be found below:

* The bar in red indicates where Maverick Lifestyle's Days Inventory falls into.


Maverick Lifestyle Days Inventory Calculation

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

Maverick Lifestyle's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (1.342 + 0.523) / 2 ) / 0.97*365
=0.9325 / 0.97*365
=350.89

Maverick Lifestyle's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (0.603 + 0.651) / 2 ) / 0.194*365 / 4
=0.627 / 0.194*365 / 4
=294.92

* 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.

Maverick Lifestyle  (NAS:MVRK) 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.

Maverick Lifestyle's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.194 / 0.627
=0.31

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.

Maverick Lifestyle's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.627 / 0.453
=1.38

* 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.

Maverick Lifestyle Days Inventory Related Terms

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

Maverick Lifestyle (Maverick Lifestyle) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
Website
Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

Maverick Lifestyle (Maverick Lifestyle) Headlines

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