Corby Spirit and Wine (Corby Spirit and Wine) Change In Inventory : $-3.7 Mil (TTM As of Dec. 2023)

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What is Corby Spirit and Wine Change In Inventory?

Corby Spirit and Wine's change in inventory for the quarter that ended in Dec. 2023 was $1.3 Mil. It means Corby Spirit and Wine's inventory declined by $1.3 Mil from Sep. 2023 to Dec. 2023 .

Corby Spirit and Wine's change in inventory for the fiscal year that ended in Jun. 2023 was $-10.7 Mil. It means Corby Spirit and Wine's inventory increased by $10.7 Mil from Jun. 2022 to Jun. 2023 .

Corby Spirit and Wine's Total Inventories for the quarter that ended in Dec. 2023 was $68.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Corby Spirit and Wine's Days Inventory for the quarter that ended in Dec. 2023 was 305.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Corby Spirit and Wine's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.30.

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. Corby Spirit and Wine's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.63.

Corby Spirit and Wine Change In Inventory Historical Data

The historical data trend for Corby Spirit and Wine'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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Corby Spirit and Wine Change In Inventory Chart

Corby Spirit and Wine Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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-1.60

0.42

0.46

-0.24

-10.65

Corby Spirit and Wine Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.89	-3.30	-2.86	1.12	1.33

Corby Spirit and Wine 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.7 Mil.

Corby Spirit and Wine (OTCPK:CBYDF) Change In Inventory Explanation

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

Corby Spirit and Wine's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	68.252	/	20.37	*	365 / 4
	=	305.74

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

Corby Spirit and Wine's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.37	/	68.252
	=	0.30

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.

Corby Spirit and Wine's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68.252	/	41.763
	=	1.63

Corby Spirit and Wine Change In Inventory Related Terms

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Corby Spirit and Wine (Corby Spirit and Wine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Corby Spirit and Wine Ltd (OTCPK:CBYDF) » Definitions » Change In Inventory

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Traded in Other Exchanges

CRBBF:USA CSW.B:Canada CSW.A:Canada

Address

225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2

Website

https://www.corby.ca

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.

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