Simply Solventless Concentrates (TSXV:HASH) Change In Inventory : C$-4.61 Mil (TTM As of Mar. 2024)

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What is Simply Solventless Concentrates Change In Inventory?

Simply Solventless Concentrates's change in inventory for the quarter that ended in Mar. 2024 was C$-1.70 Mil. It means Simply Solventless Concentrates's inventory increased by C$1.70 Mil from Dec. 2023 to Mar. 2024 .

Simply Solventless Concentrates's change in inventory for the fiscal year that ended in Dec. 2023 was C$-4.66 Mil. It means Simply Solventless Concentrates's inventory increased by C$4.66 Mil from Dec. 2022 to Dec. 2023 .

Simply Solventless Concentrates's Total Inventories for the quarter that ended in Mar. 2024 was C$9.54 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simply Solventless Concentrates's Days Inventory for the quarter that ended in Mar. 2024 was 666.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Simply Solventless Concentrates's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.14.

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. Simply Solventless Concentrates's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.76.

Simply Solventless Concentrates Change In Inventory Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates Change In Inventory Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-0.59

-4.66

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial				-1.75	2.16	-0.36	-4.71	-1.70

Simply Solventless Concentrates 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$-4.61 Mil.

Simply Solventless Concentrates (TSXV:HASH) Change In Inventory Explanation

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

Simply Solventless Concentrates's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8.6295	/	1.181	*	365 / 4
	=	666.76

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.181	/	8.6295
	=	0.14

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.6295	/	2.298
	=	3.76

Simply Solventless Concentrates Change In Inventory Related Terms

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Simply Solventless Concentrates (TSXV:HASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (TSXV:HASH) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

273209 Range Road 20, Rocky View County, AB, CAN, T4B 4P2

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers.

Executives

William Colin Macdonald	10% Security Holder, Director
Jeffrey Philip James Swainson	10% Security Holder, Director, Senior Officer

Simply Solventless Concentrates (TSXV:HASH) Headlines

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