Days Inventory is also known as Days Sales of Inventory (DSI). Flora Growth's Average Total Inventories for the
three
months ended in Dec. 2023 was $9.57 Mil. Flora Growth's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $14.49 Mil.
Hence, Flora Growth's Days Inventory for the
three
months ended in Dec. 2023 was 60.30.
The historical rank and industry rank for Flora Growth's Days Inventory or its related term are showing as below:
FLGC'
s Days Inventory Range Over the Past 10 Years
Min: 53.98 Med: 103.03 Max: 5631.43
Current: 58.02
During the past 5 years, Flora Growth's highest Days Inventory was 5631.43. The lowest was 53.98. And the median was 103.03.
FLGC's Days Inventory is ranked better than 90.76% of 974
companies
in the Drug Manufacturers industry
Industry Median: 158.355
vs FLGC: 58.02
Flora Growth's Days Inventory
declined
from Dec. 2022 (115.85) to Dec. 2023 (60.30).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Flora Growth's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.51.
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.
Flora Growth's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.53.
Flora Growth Days Inventory Historical Data
The historical data trend for Flora Growth'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.
Competitive Comparison of Flora Growth's Days Inventory
For the Drug Manufacturers - Specialty & Generic subindustry, Flora Growth'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.
Flora Growth's Days Inventory Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Flora Growth's Days Inventory distribution charts can be found below:
* The bar in red indicates where Flora Growth's Days Inventory falls into.
Flora Growth Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Flora Growth's Days Inventory for the fiscal year that ended in Dec. 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.
Flora Growth (NAS:FLGC) 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.
Flora Growth's Inventory Turnover for the
three
months ended in Dec. 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.
Flora Growth's Inventory to Revenue for the
three
months ended in Dec. 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.
Flora Growth Days Inventory Related Terms
Thank you for viewing the detailed overview of Flora Growth's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Flora Growth Corp is a multi-national cannabis company that manufactures and distributes consumer packaged goods, cultivates and distributes medicinal cannabis, and distributes pharmaceutical products. Its reportable segments are; the commercial and wholesale segment (FGH and Cosechemos subsidiaries), the house of brands segment (JustCBD, Vessel, and Kasa Wholefoods Company subsidiaries), and the pharmaceuticals segment (Grupo Farmaceutico Cronomed and Breeze Laboratory subsidiaries). Geographically, the company operates in the United States, Germany, Colombia, the United Kingdom, and Canada. it derives a majority of its revenue from the United States.
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