Cresco Labs (Cresco Labs) Change In Inventory : $25.9 Mil (TTM As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Cresco Labs Change In Inventory?

Cresco Labs's change in inventory for the quarter that ended in Mar. 2024 was $2.7 Mil. It means Cresco Labs's inventory declined by $2.7 Mil from Dec. 2023 to Mar. 2024 .

Cresco Labs's change in inventory for the fiscal year that ended in Dec. 2023 was $23.5 Mil. It means Cresco Labs's inventory declined by $23.5 Mil from Dec. 2022 to Dec. 2023 .

Cresco Labs's Total Inventories for the quarter that ended in Mar. 2024 was $98.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cresco Labs's Days Inventory for the quarter that ended in Mar. 2024 was 102.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cresco Labs's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.89.

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. Cresco Labs's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Cresco Labs Change In Inventory Historical Data

The historical data trend for Cresco Labs'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.

* Premium members only.

Cresco Labs Change In Inventory Chart

Cresco Labs Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

-109.60

-17.06

-18.42

-2.67

23.49

Cresco Labs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.30	12.14	2.57	8.48	2.68

Cresco Labs 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $25.9 Mil.

Cresco Labs (OTCPK:CRLBF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	103.0895	/	92.083	*	365 / 4
	=	102.16

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

Cresco Labs's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	92.083	/	103.0895
	=	0.89

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.

Cresco Labs's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	103.0895	/	184.295
	=	0.56

Cresco Labs Change In Inventory Related Terms

Thank you for viewing the detailed overview of Cresco Labs's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Cresco Labs (Cresco Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cresco Labs Inc (OTCPK:CRLBF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

6CQ:Germany CL:Canada

Address

400 W. Erie Street, Suite 110, Chicago, IL, USA, 60654

Website

https://www.crescolabs.com

Cresco Labs Inc is a vertically-integrated multi-state cannabis operator in the United States licensed to cultivate, manufacture and sell retail and medical cannabis products through Sunnyside, Cresco Labs' national dispensary brand and third-party retail stores. The Company operates in one segment, the cultivation, manufacturing, distribution and sale of cannabis.