INDVR Brands (XCNQ:IDVR) Inventory Turnover : 0.00 (As of Oct. 2021)

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What is INDVR Brands 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. INDVR Brands's Cost of Goods Sold for the three months ended in Oct. 2021 was C$0.00 Mil. INDVR Brands's Average Total Inventories for the quarter that ended in Oct. 2021 was C$0.30 Mil. INDVR Brands's Inventory Turnover for the quarter that ended in Oct. 2021 was 0.00.

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

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. INDVR Brands's Inventory-to-Revenue for the quarter that ended in Oct. 2021 was 0.80.

INDVR Brands Inventory Turnover Historical Data

The historical data trend for INDVR Brands'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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INDVR Brands Inventory Turnover Chart

INDVR Brands Annual Data

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Inventory Turnover

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INDVR Brands Quarterly Data
	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

INDVR Brands Inventory Turnover Calculation

INDVR Brands's Inventory Turnover for the fiscal year that ended in Jan. 2021 is calculated as

	Inventory Turnover (A: Jan. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2021 )	/ (	(Total Inventories (A: Jan. 2020 )	+	Total Inventories (A: Jan. 2021 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

INDVR Brands's Inventory Turnover for the quarter that ended in Oct. 2021 is calculated as

	Inventory Turnover (Q: Oct. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2021 )	/ (	(Total Inventories (Q: Jul. 2021 )	+	Total Inventories (Q: Oct. 2021 ))	/	count )
=	0	/ (	(0.303	+	0.301)	/	2 )
=	0	/	0.302
=	0.00

INDVR Brands (XCNQ:IDVR) 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.

INDVR Brands's Days Inventory for the three months ended in Oct. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2021 )	/	Cost of Goods Sold (Q: Oct. 2021 )	*	Days in Period
	=	0.302	/	0	*	365 / 4
	=

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.

INDVR Brands's Inventory to Revenue for the quarter that ended in Oct. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2021 )	/	Revenue (Q: Oct. 2021 )
	=	0.302	/	0.378
	=	0.80

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.

INDVR Brands Inventory Turnover Related Terms

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INDVR Brands (XCNQ:IDVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » INDVR Brands Inc (XCNQ:IDVR) » Definitions » Inventory Turnover

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Address

C/O Fasken Martineau DuMoulin LLP, 350 7 Avenue SW, Suite 3400, ATTN Willian DeJong, Calgary, AB, CAN, T2P 3N9

Website

https://www.indvr-brands.com

INDVR Brands Inc is focused on providing personnel and management resources as well as infrastructure and equipment for use in the production, cultivation and dispensary operations of licensed cannabis businesses. It provides support services to licensed cannabis businesses.

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