Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Inventory Turnover : 6.38 (As of May. 2020)

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What is Ventura Cannabis and Wellness 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. Ventura Cannabis and Wellness's Cost of Goods Sold for the three months ended in May. 2020 was $0.61 Mil. Ventura Cannabis and Wellness's Average Total Inventories for the quarter that ended in May. 2020 was $0.10 Mil. Ventura Cannabis and Wellness's Inventory Turnover for the quarter that ended in May. 2020 was 6.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ventura Cannabis and Wellness's Days Inventory for the three months ended in May. 2020 was 14.31.

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. Ventura Cannabis and Wellness's Inventory-to-Revenue for the quarter that ended in May. 2020 was 0.11.

Ventura Cannabis and Wellness Inventory Turnover Historical Data

The historical data trend for Ventura Cannabis and Wellness'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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Ventura Cannabis and Wellness Inventory Turnover Chart

Ventura Cannabis and Wellness Annual Data

Trend

Dec10

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Feb20

Inventory Turnover

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54.58

Ventura Cannabis and Wellness Quarterly Data
	May15	Aug15	Nov15	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-5.95	6.38

Ventura Cannabis and Wellness Inventory Turnover Calculation

Ventura Cannabis and Wellness's Inventory Turnover for the fiscal year that ended in Feb. 2020 is calculated as

	Inventory Turnover (A: Feb. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2020 )	/ (	(Total Inventories (A: Feb. 2019 )	+	Total Inventories (A: Feb. 2020 ))	/	count )
=	5.622	/ (	(0	+	0.103)	/	1 )
=	5.622	/	0.103
=	54.58

Ventura Cannabis and Wellness's Inventory Turnover for the quarter that ended in May. 2020 is calculated as

	Inventory Turnover (Q: May. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2020 )	/ (	(Total Inventories (Q: Feb. 2020 )	+	Total Inventories (Q: May. 2020 ))	/	count )
=	0.612	/ (	(0.103	+	0.089)	/	2 )
=	0.612	/	0.096
=	6.38

Ventura Cannabis and Wellness (OTCPK:CVHIF) 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.

Ventura Cannabis and Wellness's Days Inventory for the three months ended in May. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2020 )	/	Cost of Goods Sold (Q: May. 2020 )	*	Days in Period
	=	0.096	/	0.612	*	365 / 4
	=	14.31

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.

Ventura Cannabis and Wellness's Inventory to Revenue for the quarter that ended in May. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2020 )	/	Revenue (Q: May. 2020 )
	=	0.096	/	0.905
	=	0.11

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.

Ventura Cannabis and Wellness Inventory Turnover Related Terms

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Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ventura Cannabis and Wellness Corp (OTCPK:CVHIF) » Definitions » Inventory Turnover

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Address

800 W. 6th St, Suite 1415, Los Angeles, CA, USA, 90017

Website

http://www.venturacanna.com

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction. These segments desire discrete and well-designed products as well as the accurate dosage of THC.