CENTR Brands (XCNQ:CNTR) Change In Inventory : C$-0.40 Mil (TTM As of Feb. 2024)

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What is CENTR Brands Change In Inventory?

CENTR Brands's change in inventory for the quarter that ended in Feb. 2024 was C$0.00 Mil. It means CENTR Brands's inventory stayed the same from Aug. 2023 to Feb. 2024 .

CENTR Brands's change in inventory for the fiscal year that ended in May. 2023 was C$-0.19 Mil. It means CENTR Brands's inventory increased by C$0.19 Mil from May. 2022 to May. 2023 .

CENTR Brands's Total Inventories for the quarter that ended in Feb. 2024 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CENTR Brands's Days Inventory for the quarter that ended in Feb. 2024 was 1,174.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. CENTR Brands's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.08.

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. CENTR Brands's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 13.29.

CENTR Brands Change In Inventory Historical Data

The historical data trend for CENTR Brands'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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CENTR Brands Change In Inventory Chart

CENTR Brands Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Inventory

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-0.37

-1.03

-0.12

-0.19

CENTR Brands Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Change In Inventory	Get a 7-Day Free Trial															0.04	-0.03	-0.40	-0.01	-

CENTR Brands 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.40 Mil.

CENTR Brands (XCNQ:CNTR) Change In Inventory Explanation

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

CENTR Brands's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.412	/	0.032	*	365 / 4
	=	1,174.84

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

CENTR Brands's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.032	/	0.412
	=	0.08

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.

CENTR Brands's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.412	/	0.031
	=	13.29

CENTR Brands Change In Inventory Related Terms

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CENTR Brands (XCNQ:CNTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CENTR Brands Corp (XCNQ:CNTR) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CNTRF:USA 303:Germany

Address

2318 Oak Street, Suite 100, Vancouver, BC, CAN, V6H 4J1

Website

https://www.findyourcentr.com

CENTR Brands Corp is a Canada-based company involved in the development and marketing of beverages infused with hemp-derived extracts and derivatives. It is focused on the creation and launch of the brand for the cannabidiol (CBD) infused beverage industry. The company's first product, CENTR, is a sparkling, low-calorie, CBD beverage.

Executives

Arjan Jagiit Chima

Director, Senior Officer

CENTR Brands (XCNQ:CNTR) Headlines

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