Choom Holdings (Choom Holdings) Inventory Turnover : 3.47 (As of Dec. 2021)

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What is Choom Holdings 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. Choom Holdings's Cost of Goods Sold for the three months ended in Dec. 2021 was $2.06 Mil. Choom Holdings's Average Total Inventories for the quarter that ended in Dec. 2021 was $0.59 Mil. Choom Holdings's Inventory Turnover for the quarter that ended in Dec. 2021 was 3.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Choom Holdings's Days Inventory for the three months ended in Dec. 2021 was 26.33.

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. Choom Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.18.

Choom Holdings Inventory Turnover Historical Data

The historical data trend for Choom Holdings'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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Choom Holdings Inventory Turnover Chart

Choom Holdings Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Inventory Turnover

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5.10

15.35

Choom Holdings Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															3.37	2.86	2.84	3.15	3.47

Choom Holdings Inventory Turnover Calculation

Choom Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	11.385	/ (	(0.739	+	0.744)	/	2 )
=	11.385	/	0.7415
=	15.35

Choom Holdings's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	2.057	/ (	(0.782	+	0.405)	/	2 )
=	2.057	/	0.5935
=	3.47

Choom Holdings (OTCPK:CHOOF) 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.

Choom Holdings's Days Inventory for the three months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	0.5935	/	2.057	*	365 / 4
	=	26.33

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.

Choom Holdings's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	0.5935	/	3.293
	=	0.18

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.

Choom Holdings Inventory Turnover Related Terms

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Choom Holdings (Choom Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Choom Holdings Inc (OTCPK:CHOOF) » Definitions » Inventory Turnover

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Address

1525 West 8th Avenue, Suite 208, Vancouver, BC, CAN, V6J 1T5

Website

https://www.choom.ca

Choom Holdings Inc is a Canadian cannabis retailer. It sells products under the brand name Choom. The company has two primary business units, Retail Cannabis, and Patient Counselling. It generates maximum revenue from the Retail Cannabis segment.