Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Blum Holdings's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $4.62 Mil. Blum Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was $2.76 Mil.
Blum Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.68.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Blum Holdings's Days Inventory for the
three
months ended in Sep. 2023 was 54.46.
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.
Blum Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.32.
Blum Holdings Inventory Turnover Historical Data
The historical data trend for Blum Holdings's Inventory Turnover 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.
* 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.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Blum Holdings's Days Inventory for the
three
months ended in Sep. 2023 is calculated as:
2. 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.
Blum Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as
* 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.
Be Aware
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Blum Holdings Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Blum Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Blum Holdings (Blum Holdings) Business Description
Blum Holdings Inc formerly Unrivaled Brands Inc is a vertically integrated cannabis multi-state operator having a cannabis brand spanning consumer products, cultivation, distribution, and retail. Its brands include Korova, Sticks, and Cabana, among others. It operates leading dispensaries throughout the state as well as several leading company-owned brands including Korova, known for its high potency products across multiple product categories.
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