Vice Health and Wellness (XCNQ:VICE) Days Inventory : 585.52 (As of Jun. 2023)

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What is Vice Health and Wellness Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vice Health and Wellness's Average Total Inventories for the three months ended in Jun. 2023 was C$0.12 Mil. Vice Health and Wellness's Cost of Goods Sold for the three months ended in Jun. 2023 was C$0.02 Mil. Hence, Vice Health and Wellness's Days Inventory for the three months ended in Jun. 2023 was 585.52.

The historical rank and industry rank for Vice Health and Wellness's Days Inventory or its related term are showing as below:

XCNQ:VICE' s Days Inventory Range Over the Past 10 Years
Min: 342.5 Med: 625.63 Max: 14417.5
Current: 342.5

During the past 13 years, Vice Health and Wellness's highest Days Inventory was 14417.50. The lowest was 342.50. And the median was 625.63.

XCNQ:VICE's Days Inventory is ranked worse than
94.45% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs XCNQ:VICE: 342.50

Vice Health and Wellness's Days Inventory declined from Jun. 2022 (1,836.41) to Jun. 2023 (585.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vice Health and Wellness's Inventory Turnover for the three months ended in Jun. 2023 was 0.16.

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. Vice Health and Wellness's Inventory-to-Revenue for the three months ended in Jun. 2023 was 7.70.

Vice Health and Wellness Days Inventory Historical Data

The historical data trend for Vice Health and Wellness'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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Vice Health and Wellness Days Inventory Chart

Vice Health and Wellness Annual Data

Trend

Dec13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Inventory

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14,417.50

352.63

456.25

795.00

Vice Health and Wellness Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial															1,836.41	217.91	278.50	912.50	585.52

Competitive Comparison of Vice Health and Wellness's Days Inventory

For the Confectioners subindustry, Vice Health and Wellness'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.

Vice Health and Wellness's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vice Health and Wellness's Days Inventory distribution charts can be found below:

* The bar in red indicates where Vice Health and Wellness's Days Inventory falls into.

Vice Health and Wellness Days Inventory Calculation

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

Vice Health and Wellness's Days Inventory for the fiscal year that ended in Sep. 2022 is calculated as

	Days Inventory (A: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (0	+	0.159)	/	1 )	/	0.073	*	365
=	0.159					/	0.073	*	365
=	795.00

Vice Health and Wellness's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.126	+	0.105)	/	2 )	/	0.018	*	365 / 4
=	0.1155					/	0.018	*	365 / 4
=	585.52

Vice Health and Wellness (XCNQ:VICE) 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.

Vice Health and Wellness's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.018	/	0.1155
	=	0.16

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.

Vice Health and Wellness's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1155	/	0.015
	=	7.70

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.

Vice Health and Wellness Days Inventory Related Terms

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

Vice Health and Wellness (XCNQ:VICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vice Health and Wellness Inc (XCNQ:VICE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VICFF:USA Z24:Germany

Address

734 - 1055 Dunsmuir Street, Vancouver, BC, CAN, V7X 1B1

Website

https://www.shopgummies.com

Vice Health and Wellness Inc formerly The Gummy Project sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. It operates "better for you" candy company that is built to support planet's most precious species and ecosystems, while educating our future generations on the steps we must take today, to ensure a viable tomorrow.