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PSYCF (Psyched Wellness) Days Inventory : 589.18 (As of Aug. 2024)


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What is Psyched Wellness Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Psyched Wellness's Average Total Inventories for the three months ended in Aug. 2024 was $0.67 Mil. Psyched Wellness's Cost of Goods Sold for the three months ended in Aug. 2024 was $0.10 Mil. Hence, Psyched Wellness's Days Inventory for the three months ended in Aug. 2024 was 589.18.

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

PSYCF' s Days Inventory Range Over the Past 10 Years
Min: 1360.45   Med: 8801.48   Max: 16242.5
Current: 1682.77

During the past 13 years, Psyched Wellness's highest Days Inventory was 16242.50. The lowest was 1360.45. And the median was 8801.48.

PSYCF's Days Inventory is ranked worse than
99.01% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 81.87 vs PSYCF: 1682.77

Psyched Wellness's Days Inventory declined from Aug. 2023 (3,730.39) to Aug. 2024 (589.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Psyched Wellness's Inventory Turnover for the three months ended in Aug. 2024 was 0.15.

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. Psyched Wellness's Inventory-to-Revenue for the three months ended in Aug. 2024 was 3.86.


Psyched Wellness Days Inventory Historical Data

The historical data trend for Psyched Wellness'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.

Psyched Wellness Days Inventory Chart

Psyched Wellness Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 18,067.50 1,370.27

Psyched Wellness Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 3,730.39 - 2,018.91 662.99 589.18

Competitive Comparison of Psyched Wellness's Days Inventory

For the Packaged Foods subindustry, Psyched Wellness'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.


Psyched Wellness's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Psyched Wellness's Days Inventory distribution charts can be found below:

* The bar in red indicates where Psyched Wellness's Days Inventory falls into.



Psyched Wellness Days Inventory Calculation

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

Psyched Wellness's Days Inventory for the fiscal year that ended in Nov. 2023 is calculated as

Days Inventory (A: Nov. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Nov. 2022 ) + Total Inventories (A: Nov. 2023 )) / count ) / Cost of Goods Sold (A: Nov. 2023 )*Days in Period
=( (0.198 + 0.703) / 2 ) / 0.12*365
=0.4505 / 0.12*365
=1,370.27

Psyched Wellness's Days Inventory for the quarter that ended in Aug. 2024 is calculated as:

Days Inventory (Q: Aug. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: May. 2024 ) + Total Inventories (Q: Aug. 2024 )) / count ) / Cost of Goods Sold (Q: Aug. 2024 )*Days in Period
=( (0.682 + 0.661) / 2 ) / 0.104*365 / 4
=0.6715 / 0.104*365 / 4
=589.18

* 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.


Psyched Wellness  (OTCPK:PSYCF) 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.

Psyched Wellness's Inventory Turnover for the three months ended in Aug. 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.

Psyched Wellness's Inventory to Revenue for the three months ended in Aug. 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.


Psyched Wellness Days Inventory Related Terms

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


Psyched Wellness Business Description

Traded in Other Exchanges
Address
77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8
Psyched Wellness Ltd is a health supplements company. The company creates organic and medicinal mushrooms for general body wellness. Its product includes Amanita Muscaria Tincture.