Grey Wolf Animal Health (TSXV:WOLF) Days Inventory : 128.01 (As of Jun. 2024)

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What is Grey Wolf Animal Health Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grey Wolf Animal Health's Average Total Inventories for the three months ended in Jun. 2024 was C$4.80 Mil. Grey Wolf Animal Health's Cost of Goods Sold for the three months ended in Jun. 2024 was C$3.42 Mil. Hence, Grey Wolf Animal Health's Days Inventory for the three months ended in Jun. 2024 was 128.01.

The historical rank and industry rank for Grey Wolf Animal Health's Days Inventory or its related term are showing as below:

TSXV:WOLF' s Days Inventory Range Over the Past 10 Years
Min: 109.36 Med: 121.73 Max: 176.12
Current: 129.78

During the past 3 years, Grey Wolf Animal Health's highest Days Inventory was 176.12. The lowest was 109.36. And the median was 121.73.

TSXV:WOLF's Days Inventory is ranked worse than
86.75% of 83 companies
in the Personal Services industry
Industry Median: 17.77 vs TSXV:WOLF: 129.78

Grey Wolf Animal Health's Days Inventory increased from Jun. 2023 (110.89) to Jun. 2024 (128.01). It might indicate that Grey Wolf Animal Health's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grey Wolf Animal Health's Inventory Turnover for the three months ended in Jun. 2024 was 0.71.

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. Grey Wolf Animal Health's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.67.

Grey Wolf Animal Health Days Inventory Historical Data

The historical data trend for Grey Wolf Animal Health'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.

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Grey Wolf Animal Health Days Inventory Chart

Grey Wolf Animal Health Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

176.12

109.36

121.73

Grey Wolf Animal Health Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial						110.89	116.44	132.53	146.79	128.01

Competitive Comparison of Grey Wolf Animal Health's Days Inventory

For the Personal Services subindustry, Grey Wolf Animal Health'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.

Grey Wolf Animal Health's Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Grey Wolf Animal Health's Days Inventory distribution charts can be found below:

* The bar in red indicates where Grey Wolf Animal Health's Days Inventory falls into.

Grey Wolf Animal Health Days Inventory Calculation

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

Grey Wolf Animal Health'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
=	( (3.765	+	4.628)	/	2 )	/	12.583	*	365
=	4.1965					/	12.583	*	365
=	121.73

Grey Wolf Animal Health's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (4.815	+	4.778)	/	2 )	/	3.419	*	365 / 4
=	4.7965					/	3.419	*	365 / 4
=	128.01

Grey Wolf Animal Health (TSXV:WOLF) 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.

Grey Wolf Animal Health's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.419	/	4.7965
	=	0.71

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.

Grey Wolf Animal Health's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.7965	/	7.197
	=	0.67

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.

Grey Wolf Animal Health Days Inventory Related Terms

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

Grey Wolf Animal Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Grey Wolf Animal Health Corp (TSXV:WOLF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, Suite 6000, 1 First Canadian Place,, Toronto, ON, CAN, M5X 1E2

Website

https://www.greywolfah.com

Grey Wolf Animal Health Corp operates as an animal health company. It focuses on improving the lives and well-being of vets and pets in Canada. It has two reportable operating segments: the Animal Health business unit selling, marketing, and distributing pharmaceutical, nutraceutical, and consumable products to veterinary clinics across Canada. and the Pharmacy business unit compounds pharmaceuticals, for equine use but also the bio-identical hormone replacement therapy market, all based on prescriptions received from veterinarians, physicians, and patients.

Executives