Days Inventory is also known as Days Sales of Inventory (DSI). New Green Hemp's Average Total Inventories for the
three
months ended in Mar. 2019 was $0.16 Mil. New Green Hemp's Cost of Goods Sold for the
three
months ended in Mar. 2019 was $0.26 Mil.
Hence, New Green Hemp's Days Inventory for the
three
months ended in Mar. 2019 was 55.82.
The historical rank and industry rank for New Green Hemp's Days Inventory or its related term are showing as below:
NGHI's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.01 * Ranked among companies with meaningful Days Inventory only.
New Green Hemp's Days Inventory
increased
from Mar. 2018 (0.00) to Mar. 2019 (55.82).
It might indicate that New Green Hemp's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
New Green Hemp's Inventory Turnover for the
three
months ended in Mar. 2019 was 1.63.
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.
New Green Hemp's Inventory-to-Revenue for the
three
months ended in Mar. 2019 was 0.16.
New Green Hemp (OTCPK:NGHI) 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.
New Green Hemp's Inventory Turnover for the
three
months ended in Mar. 2019 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.
New Green Hemp's Inventory to Revenue for the
three
months ended in Mar. 2019 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.
New Green Hemp Days Inventory Related Terms
New Green Hemp Days Inventory Historical Data
* Premium members only.
The historical data trend for New Green Hemp'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.
NGHI vs PKDSQ, FSNR, ESES: Days Inventory Comparison
For the Oil & Gas Equipment & Services subindustry, New Green Hemp'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.
New Green Hemp Days Inventory vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, New Green Hemp's Days Inventory distribution charts can be found below:
* The bar in red indicates where New Green Hemp's Days Inventory falls into.
* 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.
New Green Hemp (NGHI) has a Days Inventory of 55.82 as of Mar. 2019. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on New Green Hemp and its competitors.
Is New Green Hemp's Days Inventory too high?
New Green Hemp's current Days Inventory is 55.82. The Oil & Gas industry median Days Inventory is 31.01. New Green Hemp's value of 55.82 is 80% above this industry median.
How does New Green Hemp's Days Inventory compare to PKDSQ and FSNR?
New Green Hemp's Days Inventory of 55.82 can be compared against companies in the Oil & Gas industry. The industry median Days Inventory is 31.01. New Green Hemp's value of 55.82 is 80% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Oil & Gas company?
The median Days Inventory among Oil & Gas companies is 31.01, based on 687 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Green Hemp's current Days Inventory of 55.82 is 80% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on New Green Hemp and its competitors. For the Oil & Gas industry, the median Days Inventory is 31.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Green Hemp's current Days Inventory is 55.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Green Hemp stock overvalued right now?
New Green Hemp (NGHI) has a current Days Inventory of 55.82. The current Days Inventory is 55.82 and 80% above the Oil & Gas industry median of 31.01. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For New Green Hemp (NGHI), the current Days Inventory is 55.82 as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
New Green Hemp Incis focused on developing and acquiring businesses that fit into the disruptive business model of Developing, Scaling, and Financing (DSF) within synergistic industries and focused business groups.
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