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Rubicon Organics (Rubicon Organics) Days Inventory : 162.17 (As of Mar. 2024)


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What is Rubicon Organics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rubicon Organics's Average Total Inventories for the three months ended in Mar. 2024 was $8.58 Mil. Rubicon Organics's Cost of Goods Sold for the three months ended in Mar. 2024 was $4.83 Mil. Hence, Rubicon Organics's Days Inventory for the three months ended in Mar. 2024 was 162.17.

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

ROMJF' s Days Inventory Range Over the Past 10 Years
Min: 139.19   Med: 179.44   Max: 258.89
Current: 153.07

During the past 8 years, Rubicon Organics's highest Days Inventory was 258.89. The lowest was 139.19. And the median was 179.44.

ROMJF's Days Inventory is ranked better than
52.07% of 966 companies
in the Drug Manufacturers industry
Industry Median: 158.365 vs ROMJF: 153.07

Rubicon Organics's Days Inventory declined from Mar. 2023 (206.72) to Mar. 2024 (162.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Rubicon Organics's Inventory Turnover for the three months ended in Mar. 2024 was 0.56.

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. Rubicon Organics's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.31.


Rubicon Organics Days Inventory Historical Data

The historical data trend for Rubicon Organics'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.

Rubicon Organics Days Inventory Chart

Rubicon Organics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial - 256.86 179.37 201.14 169.20

Rubicon Organics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 206.72 152.25 127.23 159.08 162.17

Competitive Comparison of Rubicon Organics's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Rubicon Organics'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.


Rubicon Organics's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Rubicon Organics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Rubicon Organics's Days Inventory falls into.



Rubicon Organics Days Inventory Calculation

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

Rubicon Organics'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
=( (9.321 + 0) / 1 ) / 20.107*365
=9.321 / 20.107*365
=169.20

Rubicon Organics's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 8.575) / 1 ) / 4.825*365 / 4
=8.575 / 4.825*365 / 4
=162.17

* 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.


Rubicon Organics  (OTCPK:ROMJF) 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.

Rubicon Organics's Inventory Turnover for the three months ended in Mar. 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.

Rubicon Organics's Inventory to Revenue for the three months ended in Mar. 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.


Rubicon Organics Days Inventory Related Terms

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


Rubicon Organics (Rubicon Organics) Business Description

Traded in Other Exchanges
Address
744 West Hastings Street, Unit 505, Vancouver, BC, CAN, V6C 1A5
Rubicon Organics Inc is engaged in the business of the production and sale of cannabis in Canada. The Company produces and processes organic cannabis at its wholly-owned, federally licensed facility in Delta, British Columbia which it sells under its wholly owned and other licensed brands such as Lab Theory, Wildflower, Homestead Cannabis Supply, 1964 Supply Co, and Simply Bare Organic.