CanadaBis Capital (TSXV:CANB) Change In Inventory : C$-3.54 Mil (TTM As of Jan. 2024)

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What is CanadaBis Capital Change In Inventory?

CanadaBis Capital's change in inventory for the quarter that ended in Jan. 2024 was C$-1.17 Mil. It means CanadaBis Capital's inventory increased by C$1.17 Mil from Oct. 2023 to Jan. 2024 .

CanadaBis Capital's change in inventory for the fiscal year that ended in Jul. 2023 was C$-2.98 Mil. It means CanadaBis Capital's inventory increased by C$2.98 Mil from Jul. 2022 to Jul. 2023 .

CanadaBis Capital's Total Inventories for the quarter that ended in Jan. 2024 was C$6.92 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CanadaBis Capital's Days Inventory for the quarter that ended in Jan. 2024 was 258.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. CanadaBis Capital's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.35.

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. CanadaBis Capital's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.48.

CanadaBis Capital Change In Inventory Historical Data

The historical data trend for CanadaBis Capital'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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CanadaBis Capital Change In Inventory Chart

CanadaBis Capital Annual Data

Trend

Nov16

Dec17

Dec18

Jul19

Jul20

Jul21

Jul22

Jul23

Change In Inventory

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-1.24

-0.17

-1.81

-2.98

CanadaBis Capital Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															-0.94	-0.36	-2.01	-	-1.17

CanadaBis Capital 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.54 Mil.

CanadaBis Capital (TSXV:CANB) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.3845	/	2.25	*	365 / 4
	=	258.93

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

CanadaBis Capital's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.25	/	6.3845
	=	0.35

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.

CanadaBis Capital's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.3845	/	4.309
	=	1.48

CanadaBis Capital Change In Inventory Related Terms

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CanadaBis Capital (TSXV:CANB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CanadaBis Capital Inc (TSXV:CANB) » Definitions » Change In Inventory

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Traded in Other Exchanges

CNADF:USA

Address

PO Box 850, Rocky Mountain House, AB, CAN, T4T 1A6

Website

https://www.canadabis.com

CanadaBis Capital Inc is a vertically-integrated cannabis company. The firm engages in the production and sale of recreational cannabis. Its product line consists of Stigma Roots. It operates in three segments: wholesale, retail, and extraction and tolling. The wholesale segment cultivates and distributes cannabis and cannabis products to and through, provincial liquor and cannabis boards. Retail segment involves sale of cannabis and cannabis-related products to end consumers on-premise owned and operated by the Company. Extraction and tolling segment provides cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extraction and tolling.

Executives

Garfield Richards

Senior Officer