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Days Inventory is also known as Days Sales of Inventory (DSI). 22nd Century Group's Average Total Inventories for the three months ended in Dec. 2023 was $10.15 Mil. 22nd Century Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $-27.79 Mil.
The historical rank and industry rank for 22nd Century Group's Days Inventory or its related term are showing as below:
During the past 13 years, 22nd Century Group's highest Days Inventory was 1272.00. The lowest was 29.42. And the median was 49.88.
22nd Century Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year. 22nd Century Group's Inventory Turnover for the three months ended in Dec. 2023 was -2.74.
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 historical data trend for 22nd Century 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.
22nd Century Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 37.53 | 29.42 | 30.45 | 47.93 | 51.83 |
22nd Century Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Days Inventory | Get a 7-Day Free Trial | - | 35.09 | 43.99 | 69.84 | - |
For the Tobacco subindustry, 22nd Century 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.
For the Tobacco Products industry and Consumer Defensive sector, 22nd Century Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where 22nd Century Group's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
22nd Century Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
Days Inventory (A: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (7.27 | + | 4.346) | / | 2 ) | / | 40.9 | * | 365 |
= | 5.808 | / | 40.9 | * | 365 | ||||
= | 51.83 |
22nd Century Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:
Days Inventory (Q: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | ( (15.955 | + | 4.346) | / | 2 ) | / | -27.788 | * | 365 / 4 |
= | 10.1505 | / | -27.788 | * | 365 / 4 | ||||
= | N/A |
* 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.
22nd Century Group (NAS:XXII) 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.
22nd Century Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | -27.788 | / | 10.1505 | |
= | -2.74 |
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.
22nd Century Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 10.1505 | / | -30.996 | |
= |
* 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.
Thank you for viewing the detailed overview of 22nd Century Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Arno | director | C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108 |
James A Mish | director, officer: Chief Executive Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
John Franzino | officer: Chief Administrative Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Peter Ferola | officer: Chief Legal Officer | BIOTELEMETRY, INC., 1000 CEDAR HOLLOW ROAD, #102, MALVERN PA 19355 |
John J Miller | officer: President, Tobacco | 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Lucille S Salhany | director | C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304 |
Michael Zercher | officer: Chief Operating Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Robert Hugh Kinsman | officer: Chief Financial Officer | 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Clifford B Fleet | director | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
Richard F Fitzgerald | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473 |
Anthony L. Johnson | director | C/O 22ND CENTURY GROUP, INC., 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Richard M. Sanders | director | 1119 PIEDRA RONDO, SANTA FE NM 87501 |
Roger D O'brien | director | C/O 22ND CENTURY GROUP, INC., 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Michael Koganov | director | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Nora B Sullivan | director | C/O RAND CAPITAL CORP, 2200 RAND BLDG, BUFFALO NY 14203 |
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