Planet Based Foods Global (XCNQ:PBF) Days Inventory : 297.49 (As of Sep. 2023)

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What is Planet Based Foods Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Planet Based Foods Global's Average Total Inventories for the three months ended in Sep. 2023 was C$0.40 Mil. Planet Based Foods Global's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.12 Mil. Hence, Planet Based Foods Global's Days Inventory for the three months ended in Sep. 2023 was 297.49.

The historical rank and industry rank for Planet Based Foods Global's Days Inventory or its related term are showing as below:

XCNQ:PBF' s Days Inventory Range Over the Past 10 Years
Min: 269.78 Med: 444.91 Max: 444.91
Current: 269.78

During the past 2 years, Planet Based Foods Global's highest Days Inventory was 444.91. The lowest was 269.78. And the median was 444.91.

XCNQ:PBF's Days Inventory is ranked worse than
80% of 970 companies
in the Drug Manufacturers industry
Industry Median: 158.365 vs XCNQ:PBF: 269.78

Planet Based Foods Global's Days Inventory declined from Sep. 2022 (5,680.31) to Sep. 2023 (297.49).

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. Planet Based Foods Global's Inventory Turnover for the three months ended in Sep. 2023 was 0.31.

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. Planet Based Foods Global's Inventory-to-Revenue for the three months ended in Sep. 2023 was 5.28.

Planet Based Foods Global Days Inventory Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global Days Inventory Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Days Inventory

444.91

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial			5,680.31	170.06	420.51	364.22	297.49

Competitive Comparison of Planet Based Foods Global's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Planet Based Foods Global'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.

Planet Based Foods Global's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet Based Foods Global's Days Inventory distribution charts can be found below:

* The bar in red indicates where Planet Based Foods Global's Days Inventory falls into.

Planet Based Foods Global Days Inventory Calculation

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

Planet Based Foods Global'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
=	( (0.198	+	0.587)	/	2 )	/	0.322	*	365
=	0.3925					/	0.322	*	365
=	444.91

Planet Based Foods Global'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
=	( (0.415	+	0.387)	/	2 )	/	0.123	*	365 / 4
=	0.401					/	0.123	*	365 / 4
=	297.49

Planet Based Foods Global (XCNQ:PBF) 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.

Planet Based Foods Global's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.123	/	0.401
	=	0.31

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.

Planet Based Foods Global's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.401	/	0.076
	=	5.28

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.

Planet Based Foods Global Days Inventory Related Terms

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

Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.