Good Flour (XCNQ:GFCO) Inventory Turnover : 1.78 (As of Dec. 2023)

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What is Good Flour 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. Good Flour's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.37 Mil. Good Flour's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.21 Mil. Good Flour's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Good Flour's Days Inventory for the three months ended in Dec. 2023 was 51.19.

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. Good Flour's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.65.

Good Flour Inventory Turnover Historical Data

The historical data trend for Good Flour'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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Good Flour Inventory Turnover Chart

Good Flour Annual Data

Trend

Jun22

Jun23

Inventory Turnover

6.80

10.50

Good Flour Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							3.12	1.33	2.30	2.41	1.78

Good Flour Inventory Turnover Calculation

Good Flour's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	2.048	/ (	(0.09	+	0.3)	/	2 )
=	2.048	/	0.195
=	10.50

Good Flour'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 )
=	0.369	/ (	(0.204	+	0.21)	/	2 )
=	0.369	/	0.207
=	1.78

Good Flour (XCNQ:GFCO) 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.

Good Flour'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
	=	0.207	/	0.369	*	365 / 4
	=	51.19

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.

Good Flour'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 )
	=	0.207	/	0.317
	=	0.65

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.

Good Flour Inventory Turnover Related Terms

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Good Flour (XCNQ:GFCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Good Flour Corp (XCNQ:GFCO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GFCOF:USA 3KZ:Germany

Address

5791 Sidley Street, Burnaby, BC, CAN, V5J 5E6

Website

https://www.goodflour.co

Good Flour Corp is engaged in manufacturing and selling gluten-free and plant-based food products. It currently offers Pizza Blends, Batter Premixes, Pancake and Waffle Blends, and Gluten-Free Desserts.

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