TGSHF (Mercanto Holdings) Days Inventory : 106.37 (As of Oct. 2024)

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What is Mercanto Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mercanto Holdings's Average Total Inventories for the three months ended in Oct. 2024 was $0.39 Mil. Mercanto Holdings's Cost of Goods Sold for the three months ended in Oct. 2024 was $0.33 Mil. Hence, Mercanto Holdings's Days Inventory for the three months ended in Oct. 2024 was 106.37.

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

TGSHF' s Days Inventory Range Over the Past 10 Years
Min: 60.78 Med: 86.31 Max: 379.19
Current: 86.4

During the past 4 years, Mercanto Holdings's highest Days Inventory was 379.19. The lowest was 60.78. And the median was 86.31.

TGSHF's Days Inventory is ranked better than
82.06% of 942 companies
in the Drug Manufacturers industry
Industry Median: 160.34 vs TGSHF: 86.40

Mercanto Holdings's Days Inventory increased from Oct. 2023 (58.78) to Oct. 2024 (106.37). It might indicate that Mercanto Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mercanto Holdings's Inventory Turnover for the three months ended in Oct. 2024 was 0.86.

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. Mercanto Holdings's Inventory-to-Revenue for the three months ended in Oct. 2024 was 0.77.

Mercanto Holdings Days Inventory Historical Data

The historical data trend for Mercanto Holdings'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.

Mercanto Holdings Days Inventory Chart

Mercanto Holdings Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Days Inventory

377.67

107.06

61.38

67.71

Mercanto Holdings Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Inventory	Get a 7-Day Free Trial											58.78	86.92	66.70	90.41	106.37

Competitive Comparison of Mercanto Holdings's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Mercanto Holdings'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.

Mercanto Holdings's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Mercanto Holdings's Days Inventory falls into.

Mercanto Holdings Days Inventory Calculation

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

Mercanto Holdings's Days Inventory for the fiscal year that ended in Jul. 2024 is calculated as

	Days Inventory (A: Jul. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2023 )	+	Total Inventories (A: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2024 )	*	Days in Period
=	( (0.338	+	0.384)	/	2 )	/	1.946	*	365
=	0.361					/	1.946	*	365
=	67.71

Mercanto Holdings's Days Inventory for the quarter that ended in Oct. 2024 is calculated as:

	Days Inventory (Q: Oct. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (0.384	+	0.39)	/	2 )	/	0.332	*	365 / 4
=	0.387					/	0.332	*	365 / 4
=	106.37

Mercanto Holdings (OTCPK:TGSHF) 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.

Mercanto Holdings's Inventory Turnover for the three months ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.332	/	0.387
	=	0.86

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.

Mercanto Holdings's Inventory to Revenue for the three months ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.387	/	0.502
	=	0.77

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.

Mercanto Holdings Days Inventory Related Terms

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

Mercanto Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Mercanto Holdings Inc (OTCPK:TGSHF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MUSH:Canada

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.mercantoholdings.com

Mercanto Holdings Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The company offers quality products that promote health, recreation, and well-being. The portfolio of the company includes different cannabis products, probiotic, functional mushroom beverages, and others.