Farmers Edge (TSX:FDGE) Inventory Turnover : 79.96 (As of Sep. 2023)

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What is Farmers Edge 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. Farmers Edge's Cost of Goods Sold for the three months ended in Sep. 2023 was C$8.84 Mil. Farmers Edge's Average Total Inventories for the quarter that ended in Sep. 2023 was C$0.11 Mil. Farmers Edge's Inventory Turnover for the quarter that ended in Sep. 2023 was 79.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Farmers Edge's Days Inventory for the three months ended in Sep. 2023 was 1.14.

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. Farmers Edge's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

Farmers Edge Inventory Turnover Historical Data

The historical data trend for Farmers Edge'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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Farmers Edge Inventory Turnover Chart

Farmers Edge Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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16.35

20.35

Farmers Edge Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial														4.70	4.62	5.60	12.80	79.96

Farmers Edge Inventory Turnover Calculation

Farmers Edge's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	53.759	/ (	(2.517	+	2.766)	/	2 )
=	53.759	/	2.6415
=	20.35

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

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	8.836	/ (	(0.115	+	0.106)	/	2 )
=	8.836	/	0.1105
=	79.96

Farmers Edge (TSX:FDGE) 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.

Farmers Edge's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.1105	/	8.836	*	365 / 4
	=	1.14

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.1105	/	4.427
	=	0.02

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.

Farmers Edge Inventory Turnover Related Terms

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Farmers Edge (TSX:FDGE) Business Description

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FMEGF:USA 8QI:Germany

Address

25 Rothwell Road, Winnipeg, MB, CAN, R3P 2M5

Website

https://www.farmersedge.ca

Farmers Edge Inc provides digital agriculture services. It has two reportable segments which have digital agronomy operations and e-commerce operations. Digital Agronomy Operations offers growers a comprehensive suite of digital agronomy solutions, sold in five key subscription levels and billed annually per acre. The e-commerce business includes the sale of agricultural products through online marketplaces. The majority of the revenue of firms comes from its digital agronomy operations segment.

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