Delta 9 Cannabis (Delta 9 Cannabis) Change In Inventory : $2.64 Mil (TTM As of Mar. 2024)

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What is Delta 9 Cannabis Change In Inventory?

Delta 9 Cannabis's change in inventory for the quarter that ended in Mar. 2024 was $0.35 Mil. It means Delta 9 Cannabis's inventory declined by $0.35 Mil from Dec. 2023 to Mar. 2024 .

Delta 9 Cannabis's change in inventory for the fiscal year that ended in Dec. 2023 was $2.95 Mil. It means Delta 9 Cannabis's inventory declined by $2.95 Mil from Dec. 2022 to Dec. 2023 .

Delta 9 Cannabis's Total Inventories for the quarter that ended in Mar. 2024 was $8.44 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Delta 9 Cannabis's Days Inventory for the quarter that ended in Mar. 2024 was 89.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Delta 9 Cannabis's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.02.

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. Delta 9 Cannabis's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.

Delta 9 Cannabis Change In Inventory Historical Data

The historical data trend for Delta 9 Cannabis's Change In Inventory 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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Delta 9 Cannabis Change In Inventory Chart

Delta 9 Cannabis Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-3.56

-5.01

-4.43

1.16

2.95

Delta 9 Cannabis Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.64	0.39	0.92	0.99	0.35

Delta 9 Cannabis Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.64 Mil.

Delta 9 Cannabis (OTCPK:DLTNF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Delta 9 Cannabis's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8.7225	/	8.889	*	365 / 4
	=	89.54

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Delta 9 Cannabis's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.889	/	8.7225
	=	1.02

3. 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.

Delta 9 Cannabis's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.7225	/	12.182
	=	0.72

Delta 9 Cannabis Change In Inventory Related Terms

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Delta 9 Cannabis (Delta 9 Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (OTCPK:DLTNF) » Definitions » Change In Inventory

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V5D1:Germany DN:Canada

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company's subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000-square-foot production facility in Winnipeg, Manitoba, Canada. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand.