1606 (CBDW) Inventory Turnover : 0.10 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is 1606 Inventory Turnover?

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. 1606's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. 1606's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.07 Mil. 1606's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.10.

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

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 Inventory Turnover Historical Data

The historical data trend for 1606'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.

* Premium members only.

1606 Inventory Turnover Chart

1606 Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

0.71

0.18

0.01

1606 Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					0.01	0.02	-	-0.04	0.10

1606 Inventory Turnover Calculation

1606's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.001	/ (	(0.113	+	0.073)	/	2 )
=	0.001	/	0.093
=	0.01

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.007	/ (	(0.073	+	0.073)	/	2 )
=	0.007	/	0.073
=	0.10

1606 (OTCPK:CBDW) Inventory Turnover Explanation

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.

1606's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.073	/	0.007	*	365 / 4
	=	951.61

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.073	/	0.007
	=	10.43

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.

1606 Inventory Turnover Related Terms

Thank you for viewing the detailed overview of 1606's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

1606 (CBDW) Business Description

Industry

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

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.