Greenlane Holdings (Greenlane Holdings) Change In Inventory

: $25.31 Mil (TTM As of Sep. 2023)

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Greenlane Holdings's change in inventory for the quarter that ended in Sep. 2023 was $7.20 Mil. It means Greenlane Holdings's inventory declined by $7.20 Mil from Jun. 2023 to Sep. 2023 .

Greenlane Holdings's change in inventory for the fiscal year that ended in Dec. 2022 was $26.35 Mil. It means Greenlane Holdings's inventory declined by $26.35 Mil from Dec. 2021 to Dec. 2022 .

Greenlane Holdings's Total Inventories for the quarter that ended in Sep. 2023 was $22.64 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greenlane Holdings's Days Inventory for the quarter that ended in Sep. 2023 was 276.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenlane Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.33.

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. Greenlane Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 2.22.

Greenlane Holdings Change In Inventory Historical Data

The historical data trend for Greenlane Holdings'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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Greenlane Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-11.94

-11.74

7.00

5.73

26.35

Greenlane Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															12.82	7.30	3.60	7.20	7.20

Greenlane Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $25.31 Mil.

Greenlane Holdings (NAS:GNLN) Change In Inventory Explanation

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

Greenlane Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	26.239	/	8.671	*	365 / 4
	=	276.13

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

Greenlane Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.671	/	26.239
	=	0.33

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.

Greenlane Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.239	/	11.8
	=	2.22

Greenlane Holdings Change In Inventory Related Terms

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Greenlane Holdings (Greenlane Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Greenlane Holdings Inc (NAS:GNLN) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1095 Broken Sound Parkway, Suite 100, Boca Raton, FL, USA, 33487

Website

https://www.gnln.com

Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States.

Executives

Gina Collins	director	C/O GREENLANE HOLDINGS, INC., 1401 WARNER AVE., SUITE A, TUSTIN CA 92780
Craig A. Snyder	officer: Chief Commercial Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Jeffrey J Uttz	director	C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003
Lana Reeve	officer: See remarks.	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 100, BOCA RATON FL 33487
Adam Schoenfeld	director, 10 percent owner, officer: Chief Strategy Officer	1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Darsh Dahya	officer: Chief Accounting Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Renah Persofsky	director	55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3
Mote William E. Jr	officer: Chief Financal Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Aaron Locascio	director, 10 percent owner, officer: Chief Executive Officer	1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Nicholas Kovacevich	director, officer: Chief Executive Officer	2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660
Oliveira Rodrigo De	officer: Chief Operating Officer	C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841
Dallas Imbimbo	director	1800 NEWPORT CIRCLE, SANTA ANA CA 92705
Donald H Hunter	director	C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109
Michael Cellucci	officer: See remarks.	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
William J. Bine	officer: Chief Operating Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487