CLVR (Clever Leaves Holdings) Change In Inventory: $2.56 Mil (TTM As of Dec. 2023)

What is Clever Leaves Holdings Change In Inventory?

Clever Leaves Holdings CLVR 12 Change In Inventory is $2.56 Mil as of Dec. 2023. GuruFocus rates CLVR with a GF Score™ of 12/100.

Clever Leaves Holdings's change in inventory for the quarter that ended in Dec. 2023 was $2.46 Mil. It means Clever Leaves Holdings's inventory declined by $2.46 Mil from Sep. 2023 to Dec. 2023 .

Clever Leaves Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was $2.56 Mil. It means Clever Leaves Holdings's inventory declined by $2.56 Mil from Dec. 2022 to Dec. 2023 .

Clever Leaves Holdings's Total Inventories for the quarter that ended in Dec. 2023 was $4.48 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clever Leaves Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 111.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clever Leaves Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

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. Clever Leaves Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.31.

Clever Leaves Holdings (OTCPK:CLVR) Change In Inventory Explanation

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

Clever Leaves Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.096	/	4.984	*	365 / 4
	=	111.61

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

Clever Leaves Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.984	/	6.096
	=	0.82

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.

Clever Leaves Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.096	/	4.638
	=	1.31

* 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.

Clever Leaves Holdings Change In Inventory Related Terms

Clever Leaves Holdings Change In Inventory Historical Data

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The historical data trend for Clever Leaves Holdings's Change In Inventory can be seen below:

Clever Leaves Holdings Change In Inventory Chart

Clever Leaves Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-1.27

-5.17

-8.20

-4.45

2.56

Clever Leaves Holdings Quarterly Data
	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												0.61	0.26	0.34	-0.50	2.46

12GF Score

Clever Leaves Holdings Inc CLVR

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Clever Leaves Holdings 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 $2.56 Mil.

Frequently Asked Questions Learn more about Change In Inventory →

What does a Change In Inventory of $2.56 Mil mean?

Clever Leaves Holdings (CLVR) has a Change In Inventory of $2.56 Mil as of Dec. 2023. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Clever Leaves Holdings and its competitors.

Is Clever Leaves Holdings' Change In Inventory too high?

Clever Leaves Holdings' current Change In Inventory is $2.56 Mil. Overall, Clever Leaves Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Clever Leaves Holdings' Change In Inventory compare to CNNC and CLSH?

Clever Leaves Holdings' Change In Inventory of $2.56 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 Clever Leaves Holdings and its competitors. Clever Leaves Holdings's current Change In Inventory is $2.56 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Clever Leaves Holdings stock overvalued right now?

Clever Leaves Holdings (CLVR) has a current Change In Inventory of $2.56 Mil. The current Change In Inventory is $2.56 Mil. Clever Leaves Holdings' overall GF Score™ is 12/100. 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 Clever Leaves Holdings (CLVR), the current Change In Inventory is $2.56 Mil as of Dec. 2023. 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.

Clever Leaves Holdings Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies CNNC CLSH PRFX AGRX OWPC KOAN ABTI PLSH STEK INQD ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692

Address Bodega 19-B Parque Industrial Tibitoc P.H, Tocancipa, Cundinamarca, Bogota, COL

Website https://www.cleverleaves.com

Clever Leaves Holdings Inc is a producer of pharmaceutical and consumer cannabis brands. The company operates and has investments in Canada, Colombia, Germany, Portugal, and the United States. The company operates in two reportable segments namely, the Cannabinoid segment which is comprised of the company's cultivation, extraction, and commercialization of cannabinoid products; and the Non-Cannabinoid operating segment which generates maximum revenue and is engaged in the business of formulating, manufacturing, marketing, selling, distributing, and otherwise commercializing nutraceutical and other natural remedies, wellness products, detoxification products, and nutritional and dietary supplements.

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