ABVE (Above Food Ingredients) Change In Inventory : $2.5 Mil (TTM As of Jul. 2024)

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What is Above Food Ingredients Change In Inventory?

Above Food Ingredients's change in inventory for the quarter that ended in Jul. 2024 was $0.0 Mil. It means Above Food Ingredients's inventory stayed the same from Jan. 2024 to Jul. 2024 .

Above Food Ingredients's change in inventory for the fiscal year that ended in Jan. 2024 was $16.3 Mil. It means Above Food Ingredients's inventory declined by $16.3 Mil from Jan. 2023 to Jan. 2024 .

Above Food Ingredients's Total Inventories for the quarter that ended in Jul. 2024 was $6.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Inventory Turnover measures how fast the company turns over its inventory within a year. Above Food Ingredients's Inventory Turnover for the quarter that ended in Jul. 2024 was 0.00.

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.

Above Food Ingredients Change In Inventory Historical Data

The historical data trend for Above Food Ingredients's Change In Inventory 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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Above Food Ingredients Change In Inventory Chart

Above Food Ingredients Annual Data

Trend

Jan22

Jan23

Jan24

Change In Inventory

-20.60

4.13

16.32

Above Food Ingredients Quarterly Data
	Jan22	Jan23	Oct23	Jan24	Jul24
Change In Inventory	-	9.82	2.51	0.03	-

Above Food Ingredients Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.5 Mil.

Above Food Ingredients (NAS:ABVE) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Above Food Ingredients's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.9105	/	0	*	365 / 4
	=	N/A

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Above Food Ingredients's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	12.9105
	=	0.00

3. 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.

Above Food Ingredients's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.9105	/	0
	=	N/A

Above Food Ingredients Change In Inventory Related Terms

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Above Food Ingredients Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Above Food Ingredients Inc (NAS:ABVE) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7

Website

https://www.abovefood.com

Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.