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GreenSpace Brands (TSXV:JTR.H) Days Inventory : 101.79 (As of Dec. 2022)


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What is GreenSpace Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GreenSpace Brands's Average Total Inventories for the three months ended in Dec. 2022 was C$3.73 Mil. GreenSpace Brands's Cost of Goods Sold for the three months ended in Dec. 2022 was C$3.34 Mil. Hence, GreenSpace Brands's Days Inventory for the three months ended in Dec. 2022 was 101.79.

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

TSXV:JTR.H's Days Inventory is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 81.945
* Ranked among companies with meaningful Days Inventory only.

GreenSpace Brands's Days Inventory declined from Dec. 2021 (142.13) to Dec. 2022 (101.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. GreenSpace Brands's Inventory Turnover for the three months ended in Dec. 2022 was 0.90.

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. GreenSpace Brands's Inventory-to-Revenue for the three months ended in Dec. 2022 was 0.88.


GreenSpace Brands Days Inventory Historical Data

The historical data trend for GreenSpace Brands'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.

GreenSpace Brands Days Inventory Chart

GreenSpace Brands Annual Data
Trend Dec13 Dec14 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Days Inventory
Get a 7-Day Free Trial Premium Member Only 69.90 79.47 66.83 78.26 121.18

GreenSpace Brands Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 142.13 132.64 92.20 100.87 101.79

Competitive Comparison of GreenSpace Brands's Days Inventory

For the Packaged Foods subindustry, GreenSpace Brands'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.


GreenSpace Brands's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where GreenSpace Brands's Days Inventory falls into.



GreenSpace Brands Days Inventory Calculation

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

GreenSpace Brands's Days Inventory for the fiscal year that ended in Mar. 2022 is calculated as

Days Inventory (A: Mar. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2021 ) + Total Inventories (A: Mar. 2022 )) / count ) / Cost of Goods Sold (A: Mar. 2022 )*Days in Period
=( (4.489 + 3.488) / 2 ) / 12.014*365
=3.9885 / 12.014*365
=121.18

GreenSpace Brands's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

Days Inventory (Q: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (3.618 + 3.84) / 2 ) / 3.343*365 / 4
=3.729 / 3.343*365 / 4
=101.79

* 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.


GreenSpace Brands  (TSXV:JTR.H) 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.

GreenSpace Brands's Inventory Turnover for the three months ended in Dec. 2022 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.

GreenSpace Brands's Inventory to Revenue for the three months ended in Dec. 2022 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.


GreenSpace Brands Days Inventory Related Terms

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


GreenSpace Brands (TSXV:JTR.H) Business Description

Traded in Other Exchanges
N/A
Address
2087 Dundas Street East, Suite 106, Mississauga, ON, CAN, L4X 2V7
GreenSpace Brands Inc is an organic and natural food company. It is engaged in the creation of natural food products and sale of brands in Canadian natural food industry. The company's brands include Life Choices, Rolling Meadow Dairy, Holistic Choice Pet Food, Nudge, Love Child organics, Central Roast, and Kiju organic. Life Choices Natural Foods offers meat products made with grass-fed and pasture-raised without the use of added hormones and antibiotics. Rolling Meadow Dairy provides products made with grass-fed milk. Holistic Choice Pet Food offers natural pet food. The Nudge brand is a line of family foods. Love Child Organics provides healthy, organic baby and children's food products.

GreenSpace Brands (TSXV:JTR.H) Headlines

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