Ayr Wellness (XCNQ:AYR.A) Inventory Turnover : 0.64 (As of Dec. 2023)

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What is Ayr Wellness 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. Ayr Wellness's Cost of Goods Sold for the three months ended in Dec. 2023 was C$87.8 Mil. Ayr Wellness's Average Total Inventories for the quarter that ended in Dec. 2023 was C$138.0 Mil. Ayr Wellness's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ayr Wellness's Days Inventory for the three months ended in Dec. 2023 was 143.38.

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. Ayr Wellness's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.90.

Ayr Wellness Inventory Turnover Historical Data

The historical data trend for Ayr Wellness'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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Ayr Wellness Inventory Turnover Chart

Ayr Wellness Annual Data

Trend

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.94

3.31

3.77

2.63

2.52

Ayr Wellness Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.58	0.71	0.60	0.68	0.64

Ayr Wellness Inventory Turnover Calculation

Ayr Wellness's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	350.41	/ (	(135.592	+	142.697)	/	2 )
=	350.41	/	139.1445
=	2.52

Ayr Wellness'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 )
=	87.812	/ (	(133.26	+	142.697)	/	2 )
=	87.812	/	137.9785
=	0.64

Ayr Wellness (XCNQ:AYR.A) 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.

Ayr Wellness'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
	=	137.9785	/	87.812	*	365 / 4
	=	143.38

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.

Ayr Wellness'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 )
	=	137.9785	/	154.063
	=	0.90

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.

Ayr Wellness Inventory Turnover Related Terms

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Ayr Wellness (XCNQ:AYR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ayr Wellness Inc (XCNQ:AYR.A) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AYRWF:USA 3KJB:Germany

Address

2601 South Bayshore Drive, Suite 900, Miami, FL, USA, 33133

Website

https://www.ayrwellness.com

Ayr Wellness Inc is a vertically integrated, U.S. multi-state cannabis operator, focused on delivering quality cannabis products and customer experience throughout its footprint. The company is focused on superior cultivation to grow superior branded cannabis products.

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