PlantX Life (PlantX Life) Inventory Turnover : 3.06 (As of Dec. 2023)

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What is PlantX Life 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. PlantX Life's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.33 Mil. PlantX Life's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.44 Mil. PlantX Life's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PlantX Life's Days Inventory for the three months ended in Dec. 2023 was 29.82.

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. PlantX Life's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

PlantX Life Inventory Turnover Historical Data

The historical data trend for PlantX Life'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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PlantX Life Inventory Turnover Chart

PlantX Life Annual Data

Trend

Jul19

Jul20

Mar21

Mar22

Mar23

Inventory Turnover

17.64

13.44

8.46

PlantX Life Quarterly Data
	Jul19	Mar20	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											0.96	1.15	2.46	2.69	3.06

PlantX Life Inventory Turnover Calculation

PlantX Life's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	6.001	/ (	(0.86	+	0.559)	/	2 )
=	6.001	/	0.7095
=	8.46

PlantX Life'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.334	/ (	(0.452	+	0.42)	/	2 )
=	1.334	/	0.436
=	3.06

PlantX Life (OTCPK:PLTXF) 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.

PlantX Life'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
	=	0.436	/	1.334	*	365 / 4
	=	29.82

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.

PlantX Life'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 )
	=	0.436	/	2.408
	=	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.

PlantX Life Inventory Turnover Related Terms

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PlantX Life (PlantX Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PlantX Life Inc (OTCPK:PLTXF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WNT0:Germany VEGA:Canada

Address

100 Park Royal South, Suite 504, West Vancouver, Vancouver, BC, CAN, V7T 1A2

Website

https://www.plantx.com

PlantX Life Inc is a digital-based, one-stop-shop, and distribution company with a fast-growing database with a plan to offer customers across North America. The company's operating segment includes Vegaste, PlantX Living Inc, Bloombox, Score (Squamish), Israel, Little West, Plant-Based Deli, New Deli, PlantX UK, PlantX Nevada, EH Coffee, Portfolio Coffee, and PlantX Midwest. The company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands. It has a presence in the United States, United Kingdom, Canada, Israel, and Germany.