MJ Harvest (MJ Harvest) Change In Inventory : $-0.79 Mil (TTM As of Feb. 2023)

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What is MJ Harvest Change In Inventory?

MJ Harvest's change in inventory for the quarter that ended in Feb. 2023 was $-0.10 Mil. It means MJ Harvest's inventory increased by $0.10 Mil from Nov. 2022 to Feb. 2023 .

MJ Harvest's change in inventory for the fiscal year that ended in May. 2022 was $0.01 Mil. It means MJ Harvest's inventory declined by $0.01 Mil from May. 2021 to May. 2022 .

MJ Harvest's Total Inventories for the quarter that ended in Feb. 2023 was $1.06 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MJ Harvest's Days Inventory for the quarter that ended in Feb. 2023 was 265.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. MJ Harvest's Inventory Turnover for the quarter that ended in Feb. 2023 was 0.34.

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. MJ Harvest's Inventory-to-Revenue for the quarter that ended in Feb. 2023 was 2.65.

MJ Harvest Change In Inventory Historical Data

The historical data trend for MJ Harvest'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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MJ Harvest Change In Inventory Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

Change In Inventory

-0.03

0.02

0.01

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Change In Inventory	Get a 7-Day Free Trial													-0.06	0.07	-0.29	-0.48	-0.10

MJ Harvest 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 Feb. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.79 Mil.

MJ Harvest (OTCPK:MJHI) Change In Inventory Explanation

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

MJ Harvest's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.0105	/	0.347	*	365 / 4
	=	265.73

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

MJ Harvest's Inventory Turnover for the quarter that ended in Feb. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.347	/	1.0105
	=	0.34

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.

MJ Harvest's Inventory to Revenue for the quarter that ended in Feb. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.0105	/	0.382
	=	2.65

MJ Harvest Change In Inventory Related Terms

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MJ Harvest (MJ Harvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139