Glass House Brands (Glass House Brands) Days Inventory : 52.05 (As of Mar. 2024)

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What is Glass House Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Glass House Brands's Average Total Inventories for the three months ended in Mar. 2024 was $10.0 Mil. Glass House Brands's Cost of Goods Sold for the three months ended in Mar. 2024 was $17.6 Mil. Hence, Glass House Brands's Days Inventory for the three months ended in Mar. 2024 was 52.05.

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

GLASF' s Days Inventory Range Over the Past 10 Years
Min: 45.22 Med: 50.65 Max: 84.89
Current: 58.75

During the past 4 years, Glass House Brands's highest Days Inventory was 84.89. The lowest was 45.22. And the median was 50.65.

GLASF's Days Inventory is ranked better than
90.42% of 971 companies
in the Drug Manufacturers industry
Industry Median: 158.38 vs GLASF: 58.75

Glass House Brands's Days Inventory declined from Mar. 2023 (73.77) to Mar. 2024 (52.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Glass House Brands's Inventory Turnover for the three months ended in Mar. 2024 was 1.75.

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. Glass House Brands's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.33.

Glass House Brands Days Inventory Historical Data

The historical data trend for Glass House 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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Glass House Brands Days Inventory Chart

Glass House Brands Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

84.89

51.58

49.71

45.22

Glass House Brands Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial												73.77	67.39	60.77	48.65	52.05

Competitive Comparison of Glass House Brands's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Glass House 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.

Glass House Brands's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Glass House Brands's Days Inventory falls into.

Glass House Brands Days Inventory Calculation

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

Glass House Brands's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (10.95	+	8.84)	/	2 )	/	79.867	*	365
=	9.895					/	79.867	*	365
=	45.22

Glass House Brands's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (8.84	+	11.21)	/	2 )	/	17.575	*	365 / 4
=	10.025					/	17.575	*	365 / 4
=	52.05

Glass House Brands (OTCPK:GLASF) 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.

Glass House Brands's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.575	/	10.025
	=	1.75

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.

Glass House Brands's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.025	/	30.101
	=	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.

Glass House Brands Days Inventory Related Terms

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

Glass House Brands (Glass House Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glass House Brands Inc (OTCPK:GLASF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

4KF0:Germany GLAS.A.U:Canada

Address

3645 Long Beach Boulevard, Long Beach, CA, USA, 90807

Website

https://www.glasshousegroup.com

Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.