Future Farm Technologies (XCNQ:FFT) Inventory Turnover : 0.87 (As of Nov. 2019)

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What is Future Farm Technologies 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. Future Farm Technologies's Cost of Goods Sold for the three months ended in Nov. 2019 was C$0.81 Mil. Future Farm Technologies's Average Total Inventories for the quarter that ended in Nov. 2019 was C$0.94 Mil. Future Farm Technologies's Inventory Turnover for the quarter that ended in Nov. 2019 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Future Farm Technologies's Days Inventory for the three months ended in Nov. 2019 was 105.43.

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. Future Farm Technologies's Inventory-to-Revenue for the quarter that ended in Nov. 2019 was 1.02.

Future Farm Technologies Inventory Turnover Historical Data

The historical data trend for Future Farm Technologies'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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Future Farm Technologies Inventory Turnover Chart

Future Farm Technologies Annual Data

Trend

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Inventory Turnover

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0.16

2.77

4.71

2.00

Future Farm Technologies Quarterly Data
	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19
Inventory Turnover	Get a 7-Day Free Trial															5.81	-0.40	2.72	-3.47	0.87

Future Farm Technologies Inventory Turnover Calculation

Future Farm Technologies's Inventory Turnover for the fiscal year that ended in Feb. 2019 is calculated as

	Inventory Turnover (A: Feb. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2019 )	/ (	(Total Inventories (A: Feb. 2018 )	+	Total Inventories (A: Feb. 2019 ))	/	count )
=	1.75	/ (	(0.082	+	1.671)	/	2 )
=	1.75	/	0.8765
=	2.00

Future Farm Technologies's Inventory Turnover for the quarter that ended in Nov. 2019 is calculated as

	Inventory Turnover (Q: Nov. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2019 )	/ (	(Total Inventories (Q: Aug. 2019 )	+	Total Inventories (Q: Nov. 2019 ))	/	count )
=	0.814	/ (	(0.22	+	1.661)	/	2 )
=	0.814	/	0.9405
=	0.87

Future Farm Technologies (XCNQ:FFT) 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.

Future Farm Technologies's Days Inventory for the three months ended in Nov. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2019 )	/	Cost of Goods Sold (Q: Nov. 2019 )	*	Days in Period
	=	0.9405	/	0.814	*	365 / 4
	=	105.43

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.

Future Farm Technologies's Inventory to Revenue for the quarter that ended in Nov. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2019 )	/	Revenue (Q: Nov. 2019 )
	=	0.9405	/	0.919
	=	1.02

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.

Future Farm Technologies Inventory Turnover Related Terms

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Future Farm Technologies (XCNQ:FFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Future Farm Technologies Inc (XCNQ:FFT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

543 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 1X8

Website

http://www.futurefarmtech.com

Future Farm Technologies Inc is an indoor plant growth technology company. It operates through the following segments: Indoor plant growth technology specializing in LED lighting and vertical farming solutions; and the operation of an ornamental plant greenhouse. The firm generates majority revenue from Nursery plants.

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