The Hempshire Group (TSXV:HMPG) Days Inventory : 1,012.52 (As of Sep. 2023)

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What is The Hempshire Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). The Hempshire Group's Average Total Inventories for the three months ended in Sep. 2023 was C$0.58 Mil. The Hempshire Group's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.05 Mil. Hence, The Hempshire Group's Days Inventory for the three months ended in Sep. 2023 was 1,012.52.

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

TSXV:HMPG' s Days Inventory Range Over the Past 10 Years
Min: 465.23 Med: 1252.28 Max: 2039.33
Current: 1559.26

During the past 2 years, The Hempshire Group's highest Days Inventory was 2039.33. The lowest was 465.23. And the median was 1252.28.

TSXV:HMPG's Days Inventory is ranked worse than
99.07% of 969 companies
in the Drug Manufacturers industry
Industry Median: 158.35 vs TSXV:HMPG: 1559.26

The Hempshire Group's Days Inventory declined from Sep. 2022 (2,480.86) to Sep. 2023 (1,012.52).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Hempshire Group's Inventory Turnover for the three months ended in Sep. 2023 was 0.09.

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. The Hempshire Group's Inventory-to-Revenue for the three months ended in Sep. 2023 was 8.74.

The Hempshire Group Days Inventory Historical Data

The historical data trend for The Hempshire Group'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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The Hempshire Group Days Inventory Chart

The Hempshire Group Annual Data

Trend

Dec21

Dec22

Days Inventory

465.23

2,039.33

The Hempshire Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial			2,480.86	3,497.92	1,851.84	1,520.03	1,012.52

Competitive Comparison of The Hempshire Group's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, The Hempshire Group'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.

The Hempshire Group's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where The Hempshire Group's Days Inventory falls into.

The Hempshire Group Days Inventory Calculation

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

The Hempshire Group's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.246	+	0.715)	/	2 )	/	0.086	*	365
=	0.4805					/	0.086	*	365
=	2,039.33

The Hempshire Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.601	+	0.553)	/	2 )	/	0.052	*	365 / 4
=	0.577					/	0.052	*	365 / 4
=	1,012.52

The Hempshire Group (TSXV:HMPG) 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.

The Hempshire Group's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.052	/	0.577
	=	0.09

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.

The Hempshire Group's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.577	/	0.066
	=	8.74

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.

The Hempshire Group Days Inventory Related Terms

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

The Hempshire Group (TSXV:HMPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » The Hempshire Group Inc (TSXV:HMPG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 East Research Drive, Suite 2, Palm Springs, CA, USA, 92262

Website

https://www.hempshiregroup.com

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