Atlas Global Brands (XCNQ:ATL) Days Inventory : 286.09 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Atlas Global Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Atlas Global Brands's Average Total Inventories for the three months ended in Dec. 2023 was C$18.40 Mil. Atlas Global Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was C$5.87 Mil. Hence, Atlas Global Brands's Days Inventory for the three months ended in Dec. 2023 was 286.09.

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

XCNQ:ATL' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 762.86
Current: 762.86

During the past 0 years, Atlas Global Brands's highest Days Inventory was 762.86. The lowest was 0.00. And the median was 0.00.

XCNQ:ATL's Days Inventory is not ranked
in the Drug Manufacturers industry.
Industry Median: 158.365 vs XCNQ:ATL: 762.86

Atlas Global Brands's Days Inventory increased from . 20 (0.00) to Dec. 2023 (286.09). It might indicate that Atlas Global Brands's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Atlas Global Brands's Inventory Turnover for the three months ended in Dec. 2023 was 0.32.

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. Atlas Global Brands's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.14.

Atlas Global Brands Days Inventory Historical Data

The historical data trend for Atlas Global 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.

Atlas Global Brands Days Inventory Chart

Atlas Global Brands Annual Data

Trend

Days Inventory

Atlas Global Brands Quarterly Data
	Dec22	Jun23	Sep23	Dec23
Days Inventory	-	3,547.11	715.37	286.09

Competitive Comparison of Atlas Global Brands's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Atlas Global 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.

Atlas Global Brands's Days Inventory Distribution in the Drug Manufacturers Industry

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

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

Atlas Global Brands Days Inventory Calculation

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

Atlas Global Brands's Days Inventory for the fiscal year that ended in . 20 is calculated as

	Days Inventory (A: . 20 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Atlas Global Brands's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (18.731	+	18.07)	/	2 )	/	5.869	*	365 / 4
=	18.4005					/	5.869	*	365 / 4
=	286.09

Atlas Global Brands (XCNQ:ATL) 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.

Atlas Global Brands's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.869	/	18.4005
	=	0.32

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.

Atlas Global Brands's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.4005	/	8.597
	=	2.14

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.

Atlas Global Brands Days Inventory Related Terms

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

Atlas Global Brands (XCNQ:ATL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Atlas Global Brands Inc (XCNQ:ATL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

566 Riverview Drive, Unit 104, Chatham, ON, CAN, N7M 0N2

Website

Atlas Global Brands Inc is a licensed cannabis company operating in Canada and Israel with experience across the cannabis value chain including cultivation, manufacturing, scalability, marketing, distribution, and pharmacy. Atlas currently serves eight countries: Australia, Canada, Denmark, Germany, Israel, Norway, Spain, and the United Kingdom.

Executives

Tamir Gedo	10% Security Holder
Jonathan Ben-cnaan	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Bernard Yeung	Senior Officer
Jason Cervi	Senior Officer
Jeffrey Robert Gossain	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

Atlas Global Brands (XCNQ:ATL) Headlines

No Headlines