YourWay Cannabis Brands (YourWay Cannabis Brands) Days Inventory : 39.84 (As of Sep. 2021)

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What is YourWay Cannabis Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). YourWay Cannabis Brands's Average Total Inventories for the three months ended in Sep. 2021 was $4.80 Mil. YourWay Cannabis Brands's Cost of Goods Sold for the three months ended in Sep. 2021 was $11.01 Mil. Hence, YourWay Cannabis Brands's Days Inventory for the three months ended in Sep. 2021 was 39.84.

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

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

YourWay Cannabis Brands's Days Inventory increased from Sep. 2020 (21.69) to Sep. 2021 (39.84). It might indicate that YourWay Cannabis Brands's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. YourWay Cannabis Brands's Inventory Turnover for the three months ended in Sep. 2021 was 2.29.

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. YourWay Cannabis Brands's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.33.

YourWay Cannabis Brands Days Inventory Historical Data

The historical data trend for YourWay Cannabis 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.

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YourWay Cannabis Brands Days Inventory Chart

YourWay Cannabis Brands Annual Data

Trend

Dec19

Dec20

Days Inventory

125.59

17.34

YourWay Cannabis Brands Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial				21.69	17.68	11.79	24.35	39.84

Competitive Comparison of YourWay Cannabis Brands's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, YourWay Cannabis 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.

YourWay Cannabis Brands's Days Inventory Distribution in the Drug Manufacturers Industry

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

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

YourWay Cannabis Brands Days Inventory Calculation

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

YourWay Cannabis Brands's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.405	+	2.203)	/	2 )	/	27.446	*	365
=	1.304					/	27.446	*	365
=	17.34

YourWay Cannabis Brands's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (4.242	+	5.367)	/	2 )	/	11.005	*	365 / 4
=	4.8045					/	11.005	*	365 / 4
=	39.84

YourWay Cannabis Brands (OTCPK:YOURF) 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.

YourWay Cannabis Brands's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.005	/	4.8045
	=	2.29

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.

YourWay Cannabis Brands's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.8045	/	14.489
	=	0.33

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.

YourWay Cannabis Brands Days Inventory Related Terms

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

YourWay Cannabis Brands (YourWay Cannabis Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » YourWay Cannabis Brands Inc (OTCPK:YOURF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.hollistercannabisco.com

YourWay Cannabis Brands Inc is a multi-state operator with sales and operations in Arizona and California. Through building own brands, partnering with others, and providing white-labelled product, company is dedicated towards expanding the reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.