Grown Rogue International (XCNQ:GRIN) Inventory Turnover : 0.70 (As of Apr. 2023)

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What is Grown Rogue International 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. Grown Rogue International's Cost of Goods Sold for the three months ended in Apr. 2023 was C$4.60 Mil. Grown Rogue International's Average Total Inventories for the quarter that ended in Apr. 2023 was C$6.59 Mil. Grown Rogue International's Inventory Turnover for the quarter that ended in Apr. 2023 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grown Rogue International's Days Inventory for the three months ended in Apr. 2023 was 130.80.

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. Grown Rogue International's Inventory-to-Revenue for the quarter that ended in Apr. 2023 was 0.81.

Grown Rogue International Inventory Turnover Historical Data

The historical data trend for Grown Rogue International'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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Grown Rogue International Inventory Turnover Chart

Grown Rogue International Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Oct19

Oct20

Oct21

Oct22

Inventory Turnover

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2.80

1.94

1.10

2.29

Grown Rogue International Quarterly Data
	May18	Aug18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Oct22	Jan23	Apr23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															-	-	0.43	0.70	-

Grown Rogue International Inventory Turnover Calculation

Grown Rogue International's Inventory Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Inventory Turnover (A: Oct. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2022 )	/ (	(Total Inventories (A: Oct. 2021 )	+	Total Inventories (A: Oct. 2022 ))	/	count )
=	13.188	/ (	(5.589	+	5.929)	/	2 )
=	13.188	/	5.759
=	2.29

Grown Rogue International's Inventory Turnover for the quarter that ended in Apr. 2023 is calculated as

	Inventory Turnover (Q: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2023 )	/ (	(Total Inventories (Q: Jan. 2023 )	+	Total Inventories (Q: Apr. 2023 ))	/	count )
=	4.595	/ (	(6.775	+	6.398)	/	2 )
=	4.595	/	6.5865
=	0.70

Grown Rogue International (XCNQ:GRIN) 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.

Grown Rogue International's Days Inventory for the three months ended in Apr. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2023 )	/	Cost of Goods Sold (Q: Apr. 2023 )	*	Days in Period
	=	6.5865	/	4.595	*	365 / 4
	=	130.80

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.

Grown Rogue International's Inventory to Revenue for the quarter that ended in Apr. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2023 )	/	Revenue (Q: Apr. 2023 )
	=	6.5865	/	8.097
	=	0.81

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.

Grown Rogue International Inventory Turnover Related Terms

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Grown Rogue International (XCNQ:GRIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Grown Rogue International Inc (XCNQ:GRIN) » Definitions » Inventory Turnover

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GRUSF:USA

Address

550 Airport Road, Medford, OR, USA, 97504

Website

https://www.grownrogue.com

Grown Rogue International Inc is a vertically-integrated, multi-state Cannabis family of brands. The company with indoor and outdoor manufacturing facilities and consumer insight-based product categorization creates innovative products. The firm's product portfolio consists of Jack Herer, Rogue Og, Mothers Milk, White Cookies, and Critical Jack among others.

Executives

Jakob Iotte

Senior Officer