Verano Holdings (Verano Holdings) Change In Inventory : $23.9 Mil (TTM As of Dec. 2023)

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What is Verano Holdings Change In Inventory?

Verano Holdings's change in inventory for the quarter that ended in Dec. 2023 was $9.8 Mil. It means Verano Holdings's inventory declined by $9.8 Mil from Sep. 2023 to Dec. 2023 .

Verano Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was $23.9 Mil. It means Verano Holdings's inventory declined by $23.9 Mil from Dec. 2022 to Dec. 2023 .

Verano Holdings's Total Inventories for the quarter that ended in Dec. 2023 was $140.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Verano Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 111.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Verano Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

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. Verano Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.61.

Verano Holdings Change In Inventory Historical Data

The historical data trend for Verano Holdings's Change In 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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Verano Holdings Change In Inventory Chart

Verano Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-22.87

-59.51

-24.23

23.89

Verano Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															4.76	10.89	8.95	-5.71	9.76

Verano Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.9 Mil.

Verano Holdings (OTCPK:VRNOF) Change In Inventory Explanation

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

Verano Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	145.754	/	119.578	*	365 / 4
	=	111.22

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Verano Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	119.578	/	145.754
	=	0.82

3. 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.

Verano Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	145.754	/	237.189
	=	0.61

Verano Holdings Change In Inventory Related Terms

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Verano Holdings (Verano Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Verano Holdings Corp (OTCPK:VRNOF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

VRNO:Canada

Address

415 North Dearborn Street, 4th Floor, Chicago, IL, USA, 60654

Website

https://www.veranogrown.com

Verano Holdings Corp is a vertically integrated multi?state cannabis operator in the United States. The company derives its revenues from its wholesale business and its retail dispensary chains. The retail business includes the design, build-out and operation of branded dispensaries in both medical and adult-use markets. The company's consumer brands include Encore, Avexia, MÜV, Savvy, BITS and Verano. The company's retail dispensaries operate under brands including Zen Leaf and MÜV.