High Tide (FRA:2LYA) Change In Inventory : €-1.2 Mil (TTM As of Jan. 2024)

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What is High Tide Change In Inventory?

High Tide's change in inventory for the quarter that ended in Jan. 2024 was €0.4 Mil. It means High Tide's inventory declined by €0.4 Mil from Oct. 2023 to Jan. 2024 .

High Tide's change in inventory for the fiscal year that ended in Oct. 2023 was €-2.0 Mil. It means High Tide's inventory increased by €2.0 Mil from Oct. 2022 to Oct. 2023 .

High Tide's Total Inventories for the quarter that ended in Jan. 2024 was €17.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High Tide's Days Inventory for the quarter that ended in Jan. 2024 was 25.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. High Tide's Inventory Turnover for the quarter that ended in Jan. 2024 was 3.56.

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. High Tide's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.20.

High Tide Change In Inventory Historical Data

The historical data trend for High Tide'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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High Tide Change In Inventory Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Inventory

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-1.24

1.26

-3.81

-2.12

-1.98

High Tide Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															0.96	-1.22	-1.58	-	0.36

High Tide 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.2 Mil.

High Tide (FRA:2LYA) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	17.67	/	62.97	*	365 / 4
	=	25.61

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

High Tide's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.97	/	17.67
	=	3.56

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.

High Tide's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.67	/	87.586
	=	0.20

High Tide Change In Inventory Related Terms

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High Tide (FRA:2LYA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (FRA:2LYA) » Definitions » Change In Inventory

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HITI:USA HITI:Canada

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.

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