Auxly Cannabis Group (Auxly Cannabis Group) Inventory Turnover : 0.51 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Auxly Cannabis Group 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. Auxly Cannabis Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $11.67 Mil. Auxly Cannabis Group's Average Total Inventories for the quarter that ended in Mar. 2024 was $22.93 Mil. Auxly Cannabis Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Auxly Cannabis Group's Days Inventory for the three months ended in Mar. 2024 was 179.38.

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. Auxly Cannabis Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.23.

Auxly Cannabis Group Inventory Turnover Historical Data

The historical data trend for Auxly Cannabis Group'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.

* Premium members only.

Auxly Cannabis Group Inventory Turnover Chart

Auxly Cannabis Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.77

1.05

1.25

1.33

1.87

Auxly Cannabis Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.30	0.31	0.51	0.67	0.51

Auxly Cannabis Group Inventory Turnover Calculation

Auxly Cannabis Group'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 )
=	59.482	/ (	(40.087	+	23.427)	/	2 )
=	59.482	/	31.757
=	1.87

Auxly Cannabis Group'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 )
=	11.665	/ (	(23.427	+	22.435)	/	2 )
=	11.665	/	22.931
=	0.51

Auxly Cannabis Group (OTCPK:CBWTF) 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.

Auxly Cannabis Group'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
	=	22.931	/	11.665	*	365 / 4
	=	179.38

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.

Auxly Cannabis Group'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 )
	=	22.931	/	18.647
	=	1.23

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.

Auxly Cannabis Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Auxly Cannabis Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Auxly Cannabis Group (Auxly Cannabis Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Auxly Cannabis Group Inc (OTCPK:CBWTF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3KF:Germany XLY:Canada

Address

777 Richmond Street West, Unit 002, Toronto, ON, CAN, M6J 0C2

Website

https://www.auxly.com

Auxly Cannabis Group Inc is a consumer-packaged-goods company in the cannabis products market. The company's focus is on developing, manufacturing, and distributing branded cannabis products. The group activities operate through two segments which include Canadian Cannabis operations, and South American Cannabis operations.