InnoCan Pharma (InnoCan Pharma) Change In Inventory : $-1.32 Mil (TTM As of Mar. 2024)

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What is InnoCan Pharma Change In Inventory?

InnoCan Pharma's change in inventory for the quarter that ended in Mar. 2024 was $-0.86 Mil. It means InnoCan Pharma's inventory increased by $0.86 Mil from Dec. 2023 to Mar. 2024 .

InnoCan Pharma's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.62 Mil. It means InnoCan Pharma's inventory increased by $0.62 Mil from Dec. 2022 to Dec. 2023 .

InnoCan Pharma's Total Inventories for the quarter that ended in Mar. 2024 was $2.60 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. InnoCan Pharma's Days Inventory for the quarter that ended in Mar. 2024 was 258.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. InnoCan Pharma's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.35.

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. InnoCan Pharma's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

InnoCan Pharma Change In Inventory Historical Data

The historical data trend for InnoCan Pharma'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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InnoCan Pharma Change In Inventory Chart

InnoCan Pharma Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.43

-0.08

-0.62

InnoCan Pharma 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															-0.15	-0.14	-0.27	-0.06	-0.86

InnoCan Pharma 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 $-1.32 Mil.

InnoCan Pharma (OTCPK:INNPF) Change In Inventory Explanation

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

InnoCan Pharma's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.1745	/	0.767	*	365 / 4
	=	258.70

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.767	/	2.1745
	=	0.35

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.1745	/	6.768
	=	0.32

InnoCan Pharma Change In Inventory Related Terms

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InnoCan Pharma (InnoCan Pharma) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » InnoCan Pharma Corp (OTCPK:INNPF) » Definitions » Change In Inventory

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IP4:Germany INNO:Canada

Address

1015, 926 - 5 Avenue SW, Calgary, AB, CAN, T2P 0N7

Website

https://www.innocanpharma.com

InnoCan Pharma Corp is a pharmaceutical tech company that focuses on the development of several drug delivery platforms combining cannabidiol with other pharmaceutical ingredients as well as the development and sale of CBD-integrated pharmaceuticals. Geographically, it derives a majority of its revenue from the United States.