OrganiGram Holdings (OrganiGram Holdings) Inventory Turnover : 0.37 (As of Dec. 2023)

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What is OrganiGram 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. OrganiGram Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $22.18 Mil. OrganiGram Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $60.55 Mil. OrganiGram Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OrganiGram Holdings's Days Inventory for the three months ended in Dec. 2023 was 249.10.

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. OrganiGram Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.23.

OrganiGram Holdings Inventory Turnover Historical Data

The historical data trend for OrganiGram 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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OrganiGram Holdings Inventory Turnover Chart

OrganiGram Holdings Annual Data

Trend

Apr12

Apr13

Apr14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Inventory Turnover

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1.51

-1.11

0.36

1.55

1.84

OrganiGram Holdings Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.48	0.25	0.34	0.44	0.37

OrganiGram Holdings Inventory Turnover Calculation

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

	Inventory Turnover (A: Aug. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2021 )	/ (	(Total Inventories (A: Aug. 2020 )	+	Total Inventories (A: Aug. 2021 ))	/	count )
=	85.374	/ (	(54.244	+	38.748)	/	2 )
=	85.374	/	46.496
=	1.84

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	22.179	/ (	(60.54	+	60.55)	/	2 )
=	22.179	/	60.545
=	0.37

OrganiGram Holdings (NAS:OGI) 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.

OrganiGram Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	60.545	/	22.179	*	365 / 4
	=	249.10

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	60.545	/	27.173
	=	2.23

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.

OrganiGram Holdings Inventory Turnover Related Terms

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OrganiGram Holdings (OrganiGram Holdings) Business Description

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0OG0:Germany 0OG0:Germany OGI:Canada

Address

145 King Street West, Suite 1400, Toronto, ON, CAN, M5H 1J8

Website

https://www.organigram.ca

OrganiGram Holdings Inc is engaged in producing indoor-grown cannabis for patients and adult recreational consumers in Canada. The company has also developed a portfolio of adult-use recreational cannabis brands including Edison, Big Bag o' Buds, SHRED, Monjour, Holy Mountain, and Trailblazer. Tremblant Cannabis, and artisanal craft brand, Laurentian are recent additions to Organigram's existing brand portfolio.