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GSRX Industries (GSRX Industries) Days Inventory : 39.38 (As of Sep. 2020)


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What is GSRX Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GSRX Industries's Average Total Inventories for the three months ended in Sep. 2020 was $0.54 Mil. GSRX Industries's Cost of Goods Sold for the three months ended in Sep. 2020 was $1.24 Mil. Hence, GSRX Industries's Days Inventory for the three months ended in Sep. 2020 was 39.38.

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

GSRX's Days Inventory is not ranked *
in the Drug Manufacturers industry.
Industry Median: 158.38
* Ranked among companies with meaningful Days Inventory only.

GSRX Industries's Days Inventory increased from Sep. 2019 (26.72) to Sep. 2020 (39.38). It might indicate that GSRX Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. GSRX Industries's Inventory Turnover for the three months ended in Sep. 2020 was 2.32.

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. GSRX Industries's Inventory-to-Revenue for the three months ended in Sep. 2020 was 0.20.

GSRX Industries Days Inventory Historical Data

The historical data trend for GSRX Industries'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.

GSRX Industries Days Inventory Chart

GSRX Industries Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 85.38 24.11

GSRX Industries Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.72 34.43 33.68 37.56 39.38

Competitive Comparison of GSRX Industries's Days Inventory

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

GSRX Industries's Days Inventory Distribution in the Drug Manufacturers Industry

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

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


GSRX Industries Days Inventory Calculation

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

GSRX Industries's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

Days Inventory (A: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2018 ) + Total Inventories (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (0.36 + 0.442) / 2 ) / 6.07*365
=0.401 / 6.07*365
=24.11

GSRX Industries's Days Inventory for the quarter that ended in Sep. 2020 is calculated as:

Days Inventory (Q: Sep. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2020 ) + Total Inventories (Q: Sep. 2020 )) / count ) / Cost of Goods Sold (Q: Sep. 2020 )*Days in Period
=( (0.459 + 0.612) / 2 ) / 1.241*365 / 4
=0.5355 / 1.241*365 / 4
=39.38

* 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.

GSRX Industries  (OTCPK:GSRX) 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.

GSRX Industries's Inventory Turnover for the three months ended in Sep. 2020 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1.241 / 0.5355
=2.32

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.

GSRX Industries's Inventory to Revenue for the three months ended in Sep. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.5355 / 2.746
=0.20

* 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.

GSRX Industries Days Inventory Related Terms

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

GSRX Industries (GSRX Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » GSRX Industries Inc (OTCPK:GSRX) » Definitions » Days Inventory
Comparable Companies
GENH PHBI MYHI APPB OWCP PARNF CANB CXUS CBDY RDGL ZTS TSE:4502 XTER:MRK HKSE:03692 TSE:4523 SZSE:000661 TSE:4507 SZSE:000538 NSE:SUNPHARMA SZSE:300601
Traded in Other Exchanges
N/A
Address
Building No. 3, int. Jose Efron Avenue, P.R. 606, Dorado, PRI, 00646
Website
http://www.greenspiritrx.com
GSRX Industries Inc is a vertically integrated retail, production, and cultivation firm which provides unique medical and adult-use cannabis products. The dispensaries are located in Puerto Rico and California. The company generates revenue by selling medical cannabis, edibles, and paraphernalia, including, oils, lotions, THC pills, vaporizers, rigs, grinders, t-shirts, hats, logo items, and bongs and pipes with a vaporizer. Its geographical segments include California, Tennessee, Texas, and Puerto Rico, out of which a vast majority is generated from Puerto Rico.
Executives
Geoffrey Alison director, officer: President and Secretary 122 OCEAN PARK BLVD., SUITE 307, SANTA MONICA CA 90405
Fountainhead Capital Management Ltd 10 percent owner PORTMAN HOUSE HUE STREET, ST HELIER, JERSEY CHANNEL ISLANDS X0 JE45RP
Henry C. Casden director, officer: CEO 74090 EL PASEO SUITE 205 PALM DESERT CA 92260