1606 (CBDW) Change In Inventory : $-0.02 Mil (TTM As of Mar. 2024)

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What is 1606 Change In Inventory?

1606's change in inventory for the quarter that ended in Mar. 2024 was $0.00 Mil. It means 1606's inventory stayed the same from Dec. 2023 to Mar. 2024 .

1606's change in inventory for the fiscal year that ended in Dec. 2023 was $0.04 Mil. It means 1606's inventory declined by $0.04 Mil from Dec. 2022 to Dec. 2023 .

1606's Total Inventories for the quarter that ended in Mar. 2024 was $0.07 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 1606's Days Inventory for the quarter that ended in Mar. 2024 was 951.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. 1606's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.10.

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. 1606's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 10.43.

1606 Change In Inventory Historical Data

The historical data trend for 1606'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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1606 Change In Inventory Chart

1606 Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

0.02

-0.08

0.04

1606 Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial					-	-0.02	-	-	-

1606 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

1606 (OTCPK:CBDW) Change In Inventory Explanation

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

1606's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.073	/	0.007	*	365 / 4
	=	951.61

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

1606's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.007	/	0.073
	=	0.10

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.

1606's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.073	/	0.007
	=	10.43

1606 Change In Inventory Related Terms

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1606 (CBDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » 1606 Corp (OTCPK:CBDW) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2425 E. Camelback Road, Suite 150, Phoenix, AZ, USA, 85016

Website

https://cbd.inc

1606 Corp offers nicotine-free and tobacco-free alternatives to traditional cigarettes and vaping products. Its products are manufactured with a blend of all-natural ingredients to provide smokers aged 21+ an alternative to traditional cigarettes that do not contain nicotine or tobacco and promote health benefits such as pain management, reduced anxiety, and enhance wakefulness. Smokable hemp is a Company Product That is an alternative for customers that currently smoke or want to quit smoking nicotine.