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Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Days Inventory : 0.00 (As of Nov. 2023)


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What is Cannabis Bioscience International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cannabis Bioscience International Holdings's Average Total Inventories for the six months ended in Nov. 2023 was $0.00 Mil. Cannabis Bioscience International Holdings's Cost of Goods Sold for the six months ended in Nov. 2023 was $0.02 Mil. Hence, Cannabis Bioscience International Holdings's Days Inventory for the six months ended in Nov. 2023 was 0.00.

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

CBIH' s Days Inventory Range Over the Past 10 Years
Min: 2.99   Med: 5.39   Max: 324.44
Current: 2.99

During the past 5 years, Cannabis Bioscience International Holdings's highest Days Inventory was 324.44. The lowest was 2.99. And the median was 5.39.

CBIH's Days Inventory is ranked better than
99.49% of 972 companies
in the Drug Manufacturers industry
Industry Median: 157.72 vs CBIH: 2.99

Cannabis Bioscience International Holdings's Days Inventory declined from Nov. 2011 (3.97) to Nov. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Cannabis Bioscience International Holdings's Inventory-to-Revenue for the six months ended in Nov. 2023 was 0.00.


Cannabis Bioscience International Holdings Days Inventory Historical Data

The historical data trend for Cannabis Bioscience International Holdings'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.

Cannabis Bioscience International Holdings Days Inventory Chart

Cannabis Bioscience International Holdings Annual Data
Trend Dec06 Dec07 May09 May10 May11
Days Inventory
324.44 - 6.01 4.76 2.99

Cannabis Bioscience International Holdings Semi-Annual Data
Dec06 Jun07 Dec07 Jun08 May09 Nov09 May10 Nov10 May11 Nov11 Nov22 Nov23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.55 3.97 2,045.38 -

Competitive Comparison of Cannabis Bioscience International Holdings's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Bioscience International Holdings'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.


Cannabis Bioscience International Holdings's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannabis Bioscience International Holdings's Days Inventory falls into.



Cannabis Bioscience International Holdings Days Inventory Calculation

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

Cannabis Bioscience International Holdings's Days Inventory for the fiscal year that ended in May. 2011 is calculated as

Days Inventory (A: May. 2011 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: May. 2010 ) + Total Inventories (A: May. 2011 )) / count ) / Cost of Goods Sold (A: May. 2011 )*Days in Period
=( (0.575 + 0.348) / 2 ) / 56.383*365
=0.4615 / 56.383*365
=2.99

Cannabis Bioscience International Holdings's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

Days Inventory (Q: Nov. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Nov. 2022 ) + Total Inventories (Q: Nov. 2023 )) / count ) / Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.024*365 / 2
=0 / 0.024*365 / 2
=0.00

* 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.


Cannabis Bioscience International Holdings  (OTCPK:CBIH) 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.

Cannabis Bioscience International Holdings's Inventory Turnover for the six months ended in Nov. 2023 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.

Cannabis Bioscience International Holdings's Inventory to Revenue for the six months ended in Nov. 2023 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.


Cannabis Bioscience International Holdings Days Inventory Related Terms

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Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
6201 Bonhomme Road, Suite 466S, Houston, TX, USA, 77036
Cannabis Bioscience International Holdings Inc is engaged in providing educational systems relating to cannabis and services in therapeutic areas. of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. The Company generates revenue from multiple streams, namely, clinical trials, consulting fees, video courses, seminars, royalties, and merchandise sales. The company generates the majority of its revenue from clinical trials.

Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Headlines