Simply Solventless Concentrates (TSXV:HASH) Inventory Turnover : 0.14 (As of Mar. 2024)

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What is Simply Solventless Concentrates 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. Simply Solventless Concentrates's Cost of Goods Sold for the three months ended in Mar. 2024 was C$1.18 Mil. Simply Solventless Concentrates's Average Total Inventories for the quarter that ended in Mar. 2024 was C$8.63 Mil. Simply Solventless Concentrates's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.14.

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 three months ended in Mar. 2024 was 666.76.

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 Inventory Turnover Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates Inventory Turnover Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

1.38

1.46

0.53

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				0.21	0.50	0.25	-0.21	0.14

Simply Solventless Concentrates Inventory Turnover Calculation

Simply Solventless Concentrates'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 )
=	2.695	/ (	(2.545	+	7.721)	/	2 )
=	2.695	/	5.133
=	0.53

Simply Solventless Concentrates'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 )
=	1.181	/ (	(7.721	+	9.538)	/	2 )
=	1.181	/	8.6295
=	0.14

Simply Solventless Concentrates (TSXV:HASH) 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.

Simply Solventless Concentrates'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
	=	8.6295	/	1.181	*	365 / 4
	=	666.76

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.

Simply Solventless Concentrates'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 )
	=	8.6295	/	2.298
	=	3.76

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.

Simply Solventless Concentrates Inventory Turnover 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 » Inventory Turnover

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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