IMCC (IM Cannabis) Change In Inventory : $3.49 Mil (TTM As of Sep. 2024)

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What is IM Cannabis Change In Inventory?

IM Cannabis's change in inventory for the quarter that ended in Sep. 2024 was $1.03 Mil. It means IM Cannabis's inventory declined by $1.03 Mil from Jun. 2024 to Sep. 2024 .

IM Cannabis's change in inventory for the fiscal year that ended in Dec. 2023 was $3.56 Mil. It means IM Cannabis's inventory declined by $3.56 Mil from Dec. 2022 to Dec. 2023 .

IM Cannabis's Total Inventories for the quarter that ended in Sep. 2024 was $3.18 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IM Cannabis's Days Inventory for the quarter that ended in Sep. 2024 was 42.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. IM Cannabis's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.15.

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. IM Cannabis's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.36.

IM Cannabis Change In Inventory Historical Data

The historical data trend for IM Cannabis'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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IM Cannabis Change In Inventory Chart

IM Cannabis Annual Data

Trend

Apr13

Apr14

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.75

-10.39

1.07

3.56

IM Cannabis Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															2.48	-0.05	1.60	0.92	1.03

IM Cannabis 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.49 Mil.

IM Cannabis (NAS:IMCC) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.6775	/	7.925	*	365 / 4
	=	42.34

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

IM Cannabis's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.925	/	3.6775
	=	2.15

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.

IM Cannabis's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.6775	/	10.249
	=	0.36

IM Cannabis Change In Inventory Related Terms

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IM Cannabis Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » IM Cannabis Corp (NAS:IMCC) » Definitions » Change In Inventory

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IMCC:Canada

Address

Central District, Kibbutz Glil Yam, ISR, 4690500

Website

https://www.imcannabis.com

IM Cannabis Corp is a Canada-based international medical cannabis company. It operates in the field of medical cannabis, through Focus Medical Herbs Ltd. (Focus), which holds a cultivation license to breed, grow, and supply medical cannabis products The majority of its revenues are generated from sales of medical cannabis products to customers in Israel. The remaining revenues are generated from sales of medical cannabis, as well as other products, to customers in Germany. Geographically, the majority is from Israel.