MJ Harvest (MJ Harvest) Days Inventory : 265.73 (As of Feb. 2023)

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What is MJ Harvest Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MJ Harvest's Average Total Inventories for the three months ended in Feb. 2023 was $1.01 Mil. MJ Harvest's Cost of Goods Sold for the three months ended in Feb. 2023 was $0.35 Mil. Hence, MJ Harvest's Days Inventory for the three months ended in Feb. 2023 was 265.73.

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

MJHI's Days Inventory is not ranked ^*
in the Industrial Distribution industry.
Industry Median: 87.3
* Ranked among companies with meaningful Days Inventory only.

MJ Harvest's Days Inventory declined from Feb. 2022 (387.81) to Feb. 2023 (265.73).

Inventory Turnover measures how fast the company turns over its inventory within a year. MJ Harvest's Inventory Turnover for the three months ended in Feb. 2023 was 0.34.

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. MJ Harvest's Inventory-to-Revenue for the three months ended in Feb. 2023 was 2.65.

MJ Harvest Days Inventory Historical Data

The historical data trend for MJ Harvest'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.

MJ Harvest Days Inventory Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

Days Inventory

817.60

902.36

278.31

220.77

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Days Inventory	Get a 7-Day Free Trial													387.81	97.33	374.34	1,882.36	265.73

Competitive Comparison of MJ Harvest's Days Inventory

For the Industrial Distribution subindustry, MJ Harvest'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.

MJ Harvest's Days Inventory Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, MJ Harvest's Days Inventory distribution charts can be found below:

* The bar in red indicates where MJ Harvest's Days Inventory falls into.

MJ Harvest Days Inventory Calculation

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

MJ Harvest's Days Inventory for the fiscal year that ended in May. 2022 is calculated as

	Days Inventory (A: May. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2021 )	+	Total Inventories (A: May. 2022 ))	/	count )	/	Cost of Goods Sold (A: May. 2022 )	*	Days in Period
=	( (0.028	+	0.197)	/	2 )	/	0.186	*	365
=	0.1125					/	0.186	*	365
=	220.77

MJ Harvest's Days Inventory for the quarter that ended in Feb. 2023 is calculated as:

	Days Inventory (Q: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2022 )	+	Total Inventories (Q: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2023 )	*	Days in Period
=	( (0.96	+	1.061)	/	2 )	/	0.347	*	365 / 4
=	1.0105					/	0.347	*	365 / 4
=	265.73

MJ Harvest (OTCPK:MJHI) 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.

MJ Harvest's Inventory Turnover for the three months ended in Feb. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.347	/	1.0105
	=	0.34

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.

MJ Harvest's Inventory to Revenue for the three months ended in Feb. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.0105	/	0.382
	=	2.65

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.

MJ Harvest Days Inventory Related Terms

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

MJ Harvest (MJ Harvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139