ALID (Allied) Change In Inventory: $-0.01 Mil (TTM As of Nov. 2024)


What is Allied Change In Inventory?

Allied ALID -99.80% Change In Inventory is $-0.01 Mil as of Nov. 2024.

Allied's change in inventory for the quarter that ended in Nov. 2024 was $-0.01 Mil. It means Allied's inventory increased by $0.01 Mil from Aug. 2024 to Nov. 2024 .

Allied's change in inventory for the fiscal year that ended in Aug. 2024 was $-0.08 Mil. It means Allied's inventory increased by $0.08 Mil from Aug. 2023 to Aug. 2024 .

Allied's Total Inventories for the quarter that ended in Nov. 2024 was $0.29 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Allied's Days Inventory for the quarter that ended in Nov. 2024 was 1,785.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Allied's Inventory Turnover for the quarter that ended in Nov. 2024 was 0.05.

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. Allied's Inventory-to-Revenue for the quarter that ended in Nov. 2024 was 9.79.

Allied  (OTCPK:ALID) Change In Inventory Explanation

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

Allied's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.274/0.014*365 / 4
=1,785.89

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

Allied's Inventory Turnover for the quarter that ended in Nov. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.014 / 0.274
=0.05

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.

Allied's Inventory to Revenue for the quarter that ended in Nov. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.274 / 0.028
=9.79

* 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.

Allied Change In Inventory Related Terms

Allied Change In Inventory Historical Data

* Premium members only.

The historical data trend for Allied'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.

Allied Change In Inventory Chart

Allied Annual Data
Trend Mar18 Mar19 Aug20 Aug21 Aug22 Aug23 Aug24
Change In Inventory
Get a 7-Day Free Trial -0.05 -0.55 -0.79 -0.45 -0.08

Allied Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.17 0.07 0.11 -0.01

Allied 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-0.01 Mil mean?
Allied (ALID) has a Change In Inventory of $-0.01 Mil as of Nov. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Allied and its competitors.
Is Allied's Change In Inventory too high?
Allied's current Change In Inventory is $-0.01 Mil.
How does Allied's Change In Inventory compare to CBDY and PLSH?
Allied's Change In Inventory of $-0.01 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Drug Manufacturers company?
A good Change In Inventory depends on the Drug Manufacturers industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Allied and its competitors. Allied's current Change In Inventory is $-0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allied stock overvalued right now?
Allied (ALID) has a current Change In Inventory of $-0.01 Mil. The current Change In Inventory is $-0.01 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Allied (ALID), the current Change In Inventory is $-0.01 Mil as of Nov. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Allied Business Description

Address 460 Doyle Avenue, Suite 200, Kelowna, BC, CAN, V1Y OC2
Allied Corp is an international cannabis company with a mission to help people suffering from Post-Traumatic Stress Disorder (PTSD) by researching, creating, and producing targeted cannabinoid health solutions. The company uses an evidence-informed scientific approach to make this mission possible through cutting-edge pharmaceutical research and development, plant-based production, and the development of therapeutic products. The company operates in two segments, which include Allied and Allied Colombia. Its geographical segments consist of Colombia and Canada. The company's revenue is comprised of sales of cannabis products.