Cronos Group (TSX:CRON) Change In Inventory : C$18.1 Mil (TTM As of Mar. 2024)

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What is Cronos Group Change In Inventory?

Cronos Group's change in inventory for the quarter that ended in Mar. 2024 was C$-1.1 Mil. It means Cronos Group's inventory increased by C$1.1 Mil from Dec. 2023 to Mar. 2024 .

Cronos Group's change in inventory for the fiscal year that ended in Dec. 2023 was C$9.9 Mil. It means Cronos Group's inventory declined by C$9.9 Mil from Dec. 2022 to Dec. 2023 .

Cronos Group's Total Inventories for the quarter that ended in Mar. 2024 was C$41.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cronos Group's Days Inventory for the quarter that ended in Mar. 2024 was 133.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cronos Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.68.

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. Cronos Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.20.

Cronos Group Change In Inventory Historical Data

The historical data trend for Cronos Group'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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Cronos Group Change In Inventory Chart

Cronos Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-30.39

-0.94

14.80

-9.80

9.93

Cronos Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-9.34	-0.58	11.14	8.62	-1.05

Cronos Group 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 C$18.1 Mil.

Cronos Group (TSX:CRON) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	41.1925	/	28.162	*	365 / 4
	=	133.47

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28.162	/	41.1925
	=	0.68

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	41.1925	/	34.23
	=	1.20

Cronos Group Change In Inventory Related Terms

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Cronos Group (TSX:CRON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cronos Group Inc (TSX:CRON) » Definitions » Change In Inventory

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Traded in Other Exchanges

CRON:USA 7CI:Germany

Address

111 Peter Street, Suite 300, Toronto, ON, CAN, M5V 2H1

Website

https://www.thecronosgroup.com

Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis primarily to Israel. In the U.S. the company has an option to acquire 10.5% of U.S. multistate operator PharmaCann upon easing of federal prohibition.