GL Brands (GL Brands) Change In Inventory : $-0.63 Mil (TTM As of Sep. 2019)

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What is GL Brands Change In Inventory?

GL Brands's change in inventory for the quarter that ended in Sep. 2019 was $-0.89 Mil. It means GL Brands's inventory increased by $0.89 Mil from Jun. 2019 to Sep. 2019 .

GL Brands's change in inventory for the fiscal year that ended in Jun. 2019 was $0.13 Mil. It means GL Brands's inventory declined by $0.13 Mil from Jun. 2018 to Jun. 2019 .

GL Brands's Total Inventories for the quarter that ended in Sep. 2019 was $1.97 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GL Brands's Days Inventory for the quarter that ended in Sep. 2019 was 211.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. GL Brands's Inventory Turnover for the quarter that ended in Sep. 2019 was 0.43.

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. GL Brands's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.72.

GL Brands Change In Inventory Historical Data

The historical data trend for GL Brands'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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GL Brands Change In Inventory Chart

GL Brands Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Change In Inventory

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-0.08

0.13

GL Brands Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Change In Inventory	Get a 7-Day Free Trial															-0.13	-0.09	-0.04	0.38	-0.89

GL Brands 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.63 Mil.

GL Brands (OTCPK:GRLB) Change In Inventory Explanation

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

GL Brands's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.527	/	0.66	*	365 / 4
	=	211.12

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

GL Brands's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.66	/	1.527
	=	0.43

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.

GL Brands's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.527	/	2.122
	=	0.72

GL Brands Change In Inventory Related Terms

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GL Brands (GL Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » GL Brands Inc (OTCPK:GRLB) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3939 Beltline Road, Suite 350, Addison, TX, USA, 75001

Website

https://www.glbrands.com

GL Brands Inc is a hemp consumer packaged goods company. It is engaged in the development and commercialization of a portfolio of brands that market and sell responsibly produced cannabinoid-rich products for health and well-being. The firm's portfolio of products consists of tinctures, softgels, gummies, sparkling beverages, vapes and others.

Executives

Rsgroberg Consulting Llc	other: former director	1256 PANINI DRIVE, ATTN: RICHARD GROBERG, HENDERSON NV 89052
Pelosi Paul Francis Jr	other: Former director	2269 CHESTNUT STREET, SAN FRANCISCO CA 94123
David Goldburg	director	641 LEXINGTON AVENUE 18TH FLOOR NEW YORK NY 10020
Christopher Michael Sloan	other: former COO	2755 W. PEBBLE ROAD #506 LAS VEGAS NV 89123
Joshua Martin Halford	officer: CTO	5175 JERRY TARKANIAN WAY #16303 LAS VEGAS NV 89148
Raymond P Medeiros	director	3571 E. SUNSET ROAD, SUITE 420 LAS VEGAS NV 89120
Clifford J Perry	director, 10 percent owner, officer: CEO, CFO	3571 E. SUNSET ROAD, SUITE 420 LAS VEGAS NV 89120
Richard C. Cowan	director, 10 percent owner	1300 DOVE STREET #215 NEWPORT BEACH CA 92660