Sunniva (XCNQ:SNN) Days Inventory : 93.94 (As of Sep. 2019)

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What is Sunniva Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sunniva's Average Total Inventories for the three months ended in Sep. 2019 was C$3.90 Mil. Sunniva's Cost of Goods Sold for the three months ended in Sep. 2019 was C$3.79 Mil. Hence, Sunniva's Days Inventory for the three months ended in Sep. 2019 was 93.94.

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

XCNQ:SNN's Days Inventory is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 158.365
* Ranked among companies with meaningful Days Inventory only.

Sunniva's Days Inventory increased from Sep. 2018 (79.18) to Sep. 2019 (93.94). It might indicate that Sunniva's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sunniva's Inventory Turnover for the three months ended in Sep. 2019 was 0.97.

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. Sunniva's Inventory-to-Revenue for the three months ended in Sep. 2019 was 0.73.

Sunniva Days Inventory Historical Data

The historical data trend for Sunniva'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.

Sunniva Days Inventory Chart

Sunniva Annual Data

Trend

Dec16

Dec17

Dec18

Days Inventory

16.83

77.60

Sunniva Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Days Inventory	Get a 7-Day Free Trial								79.18	37.42	63.43	130.55	93.94

Competitive Comparison of Sunniva's Days Inventory

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

Sunniva's Days Inventory Distribution in the Drug Manufacturers Industry

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

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

Sunniva Days Inventory Calculation

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

Sunniva's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (0.433	+	4.24)	/	2 )	/	10.99	*	365
=	2.3365					/	10.99	*	365
=	77.60

Sunniva's Days Inventory for the quarter that ended in Sep. 2019 is calculated as:

	Days Inventory (Q: Sep. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
=	( (4.885	+	2.914)	/	2 )	/	3.788	*	365 / 4
=	3.8995					/	3.788	*	365 / 4
=	93.94

Sunniva (XCNQ:SNN) 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.

Sunniva's Inventory Turnover for the three months ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.788	/	3.8995
	=	0.97

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.

Sunniva's Inventory to Revenue for the three months ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.8995	/	5.361
	=	0.73

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.

Sunniva Days Inventory Related Terms

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

Sunniva (XCNQ:SNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sunniva Inc (XCNQ:SNN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, 1200 Waterfront Centre, P.O Box 48600, Vancouver, BC, CAN, V7X 1T2

Website

https://www.sunniva.com

Sunniva Inc is vertically integrated medical cannabis company committed to delivering safe, low-cost, high-quality products and services at scale. The company is focused on the cultivation, production and distribution of therapeutic solutions targeting two of the medical cannabis markets in the world: Canada and California.

Executives

Mark Hamish Kimmins

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)