Canopy Growth (Canopy Growth) Change In Inventory : $34.9 Mil (TTM As of Dec. 2023)

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What is Canopy Growth Change In Inventory?

Canopy Growth's change in inventory for the quarter that ended in Dec. 2023 was $-2.8 Mil. It means Canopy Growth's inventory increased by $2.8 Mil from Sep. 2023 to Dec. 2023 .

Canopy Growth's change in inventory for the fiscal year that ended in Mar. 2023 was $40.7 Mil. It means Canopy Growth's inventory declined by $40.7 Mil from Mar. 2022 to Mar. 2023 .

Canopy Growth's Total Inventories for the quarter that ended in Dec. 2023 was $64.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canopy Growth's Days Inventory for the quarter that ended in Dec. 2023 was 157.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canopy Growth's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.58.

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. Canopy Growth's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.11.

Canopy Growth Change In Inventory Historical Data

The historical data trend for Canopy Growth'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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Canopy Growth Change In Inventory Chart

Canopy Growth Annual Data

Trend

Jul13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-108.38

-24.32

18.38

136.68

40.66

Canopy Growth Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-1.83	40.73	5.15	-8.19	-2.84

Canopy Growth 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $34.9 Mil.

Canopy Growth (NAS:CGC) Change In Inventory Explanation

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

Canopy Growth's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	64.715	/	37.477	*	365 / 4
	=	157.57

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

Canopy Growth's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	37.477	/	64.715
	=	0.58

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.

Canopy Growth's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	64.715	/	58.516
	=	1.11

Canopy Growth Change In Inventory Related Terms

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Canopy Growth (Canopy Growth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Canopy Growth Corp (NAS:CGC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

11L:Germany WEED:Canada

Address

1 Hershey Drive, Smiths Falls, ON, CAN, K7A 0A8

Website

https://www.canopygrowth.com

Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include sports drink BioSteel, skincare products under This Works, Martha Stewart CBD, and Storz & Bickel vaporizers. Canopy growth is attempting to merge its U.S. assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.

Executives

Theresa Yanofsky	director	1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8
David Angelo Lazzarato	director	1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8
Judy Schmeling	director	C/O HSN, INC., 1 HSN DRIVE, ST.PETERSBURG FL 33729
Hong Judy Eun Joo	officer: See Remarks	1 HERSHEY DRIVE, SMITHS FALLS Z4 K7A 0A8
David Eric Klein	director, officer: Chief Executive Officer	207 HIGH POINT DRIVE, VICTOR NY 14564
Thomas Carlton Stewart	officer: See Remarks	1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8
Christelle Gedeon	officer: See Remarks	3 HOLLYHOCK COURT, TORONTO Z4 M3B 0B4
Garth Hankinson	director	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564
Greenstar Ii Holdings Llc	10 percent owner	207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564
Greenstar Ii Llc	10 percent owner	207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564
Rade Nikola Kovacevic	officer: President	1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8
Phillip Stephen Shaer	officer: Chief Legal Officer	1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8
Grant Julious C. Jr	officer: Chief Commercial Officer	1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8
Sabia James A. Jr.	director	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564
Tomas Iv Shipley	officer: See Remarks	1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8