Delivra Health Brands (TSXV:DHB) Inventory Turnover : 0.90 (As of Mar. 2024)

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What is Delivra Health Brands 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. Delivra Health Brands's Cost of Goods Sold for the three months ended in Mar. 2024 was C$1.53 Mil. Delivra Health Brands's Average Total Inventories for the quarter that ended in Mar. 2024 was C$1.70 Mil. Delivra Health Brands's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Delivra Health Brands's Days Inventory for the three months ended in Mar. 2024 was 101.29.

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. Delivra Health Brands's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.

Delivra Health Brands Inventory Turnover Historical Data

The historical data trend for Delivra Health Brands'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.

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Delivra Health Brands Inventory Turnover Chart

Delivra Health Brands Annual Data

Trend

Dec14

Dec15

Dec16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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0.51

0.73

1.04

2.46

2.22

Delivra Health Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.51	0.54	0.85	0.52	0.90

Delivra Health Brands Inventory Turnover Calculation

Delivra Health Brands's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	4.968	/ (	(2.22	+	2.26)	/	2 )
=	4.968	/	2.24
=	2.22

Delivra Health Brands'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 )
=	1.531	/ (	(1.758	+	1.641)	/	2 )
=	1.531	/	1.6995
=	0.90

Delivra Health Brands (TSXV:DHB) 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.

Delivra Health Brands'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
	=	1.6995	/	1.531	*	365 / 4
	=	101.29

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.

Delivra Health Brands'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 )
	=	1.6995	/	3.071
	=	0.55

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.

Delivra Health Brands Inventory Turnover Related Terms

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Delivra Health Brands (TSXV:DHB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delivra Health Brands Inc (TSXV:DHB) » Definitions » Inventory Turnover

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Traded in Other Exchanges

DHBUF:USA U01:Germany

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2

Website

https://www.delivrahealthbrands.com

Delivra Health Brands Inc helping people take control of health with alternative wellness solutions. Its portfolio features brands like Dream Water and LivRelief that deliver relief from common, everyday issues like chronic pain, anxiety, and sleeplessness. The principal activities of the company are to provide lifestyle and health and wellness products to consumers and patients in regulated markets. The company geographically operates in Canada and United States, out of which it generates maximum revenue from Unites States.

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