Driven Deliveries (Driven Deliveries) Change In Inventory : $0.13 Mil (TTM As of Sep. 2020)

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What is Driven Deliveries Change In Inventory?

Driven Deliveries's change in inventory for the quarter that ended in Sep. 2020 was $0.61 Mil. It means Driven Deliveries's inventory declined by $0.61 Mil from Jun. 2020 to Sep. 2020 .

Driven Deliveries's change in inventory for the fiscal year that ended in Dec. 2019 was $-0.01 Mil. It means Driven Deliveries's inventory increased by $0.01 Mil from Dec. 2018 to Dec. 2019 .

Driven Deliveries's Total Inventories for the quarter that ended in Sep. 2020 was $0.25 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Driven Deliveries's Days Inventory for the quarter that ended in Sep. 2020 was 6.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Driven Deliveries's Inventory Turnover for the quarter that ended in Sep. 2020 was 14.43.

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. Driven Deliveries's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.09.

Driven Deliveries Change In Inventory Historical Data

The historical data trend for Driven Deliveries'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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Driven Deliveries Change In Inventory Chart

Driven Deliveries Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Inventory

-0.01

Driven Deliveries Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Change In Inventory	Get a 7-Day Free Trial															-0.06	0.10	-0.44	-0.14	0.61

Driven Deliveries 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.13 Mil.

Driven Deliveries (OTCPK:DRVD) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.5525	/	7.97	*	365 / 4
	=	6.33

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

Driven Deliveries's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.97	/	0.5525
	=	14.43

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.

Driven Deliveries's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5525	/	5.98
	=	0.09

Driven Deliveries Change In Inventory Related Terms

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Driven Deliveries (Driven Deliveries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Driven Deliveries Inc (OTCPK:DRVD) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

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Address

134 Penn Street, El Segundo, CA, USA, 90245

Website

https://www.godriven.com

Driven Deliveries Inc is engaged in the business of delivering cannabis products to consumers in California and Nevada. The company has two primary business verticals, Driven Direct, and Driven Express. Driven Direct provides consumers the ability to purchase cannabis from compliant and tested sources and receive their cannabis in a fast and convenient manner. Its Driven Express provides last mile delivery from the dispensary to the consumer. The company products include Strawberry Preroll, Watermelon Preroll, Pina Colada Preroll, Grape Blunt, Strawberry Blunt, and 50/50 Blunt.