Heritage Cannabis Holding (Heritage Cannabis Holding) Change In Inventory : $-0.33 Mil (TTM As of Oct. 2023)

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What is Heritage Cannabis Holding Change In Inventory?

Heritage Cannabis Holding's change in inventory for the quarter that ended in Oct. 2023 was $-0.79 Mil. It means Heritage Cannabis Holding's inventory increased by $0.79 Mil from Jul. 2023 to Oct. 2023 .

Heritage Cannabis Holding's change in inventory for the fiscal year that ended in Oct. 2023 was $-0.34 Mil. It means Heritage Cannabis Holding's inventory increased by $0.34 Mil from Oct. 2022 to Oct. 2023 .

Heritage Cannabis Holding's Total Inventories for the quarter that ended in Oct. 2023 was $12.59 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heritage Cannabis Holding's Days Inventory for the quarter that ended in Oct. 2023 was 330.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heritage Cannabis Holding's Inventory Turnover for the quarter that ended in Oct. 2023 was 0.28.

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. Heritage Cannabis Holding's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 2.21.

Heritage Cannabis Holding Change In Inventory Historical Data

The historical data trend for Heritage Cannabis Holding'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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Heritage Cannabis Holding Change In Inventory Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Inventory

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-4.04

1.16

-6.48

0.38

-0.34

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Change In Inventory	Get a 7-Day Free Trial															2.33	-0.72	0.87	0.30	-0.79

Heritage Cannabis Holding 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.33 Mil.

Heritage Cannabis Holding (OTCPK:HERTF) Change In Inventory Explanation

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

Heritage Cannabis Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.8805	/	3.555	*	365 / 4
	=	330.62

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

Heritage Cannabis Holding's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.555	/	12.8805
	=	0.28

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.

Heritage Cannabis Holding's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.8805	/	5.818
	=	2.21

Heritage Cannabis Holding Change In Inventory Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Heritage Cannabis Holding Corp (OTCPK:HERTF) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.