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Lotus Ventures (XCNQ:J) Days Inventory : 116.86 (As of Aug. 2023)


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What is Lotus Ventures Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lotus Ventures's Average Total Inventories for the three months ended in Aug. 2023 was C$1.15 Mil. Lotus Ventures's Cost of Goods Sold for the three months ended in Aug. 2023 was C$0.90 Mil. Hence, Lotus Ventures's Days Inventory for the three months ended in Aug. 2023 was 116.86.

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

XCNQ:J' s Days Inventory Range Over the Past 10 Years
Min: 109.69   Med: 302.37   Max: 504.56
Current: 145.42

During the past 12 years, Lotus Ventures's highest Days Inventory was 504.56. The lowest was 109.69. And the median was 302.37.

XCNQ:J's Days Inventory is ranked better than
55.77% of 970 companies
in the Drug Manufacturers industry
Industry Median: 158.365 vs XCNQ:J: 145.42

Lotus Ventures's Days Inventory increased from Aug. 2022 (47.74) to Aug. 2023 (116.86). It might indicate that Lotus Ventures's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lotus Ventures's Inventory Turnover for the three months ended in Aug. 2023 was 0.78.

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. Lotus Ventures's Inventory-to-Revenue for the three months ended in Aug. 2023 was 1.53.


Lotus Ventures Days Inventory Historical Data

The historical data trend for Lotus Ventures'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.

Lotus Ventures Days Inventory Chart

Lotus Ventures Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 504.56 302.37 109.69

Lotus Ventures Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
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 47.74 89.18 169.50 331.43 116.86

Competitive Comparison of Lotus Ventures's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Lotus Ventures'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.


Lotus Ventures's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Lotus Ventures's Days Inventory falls into.



Lotus Ventures Days Inventory Calculation

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

Lotus Ventures's Days Inventory for the fiscal year that ended in Aug. 2022 is calculated as

Days Inventory (A: Aug. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Aug. 2021 ) + Total Inventories (A: Aug. 2022 )) / count ) / Cost of Goods Sold (A: Aug. 2022 )*Days in Period
=( (2.437 + 0.526) / 2 ) / 4.93*365
=1.4815 / 4.93*365
=109.69

Lotus Ventures's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

Days Inventory (Q: Aug. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: May. 2023 ) + Total Inventories (Q: Aug. 2023 )) / count ) / Cost of Goods Sold (Q: Aug. 2023 )*Days in Period
=( (1.196 + 1.099) / 2 ) / 0.896*365 / 4
=1.1475 / 0.896*365 / 4
=116.86

* 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.


Lotus Ventures  (XCNQ:J) 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.

Lotus Ventures's Inventory Turnover for the three months ended in Aug. 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.

Lotus Ventures's Inventory to Revenue for the three months ended in Aug. 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.


Lotus Ventures Days Inventory Related Terms

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


Lotus Ventures (XCNQ:J) Business Description

Traded in Other Exchanges
Address
1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3
Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.
Executives
Gary Kenneth Mathiesen Senior Officer