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Maverick Lifestyle (Maverick Lifestyle) Change In Inventory : $-0.13 Mil (TTM As of Jun. 2023)


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What is Maverick Lifestyle Change In Inventory?

Maverick Lifestyle's change in inventory for the quarter that ended in Jun. 2023 was $-0.05 Mil. It means Maverick Lifestyle's inventory increased by $0.05 Mil from Mar. 2023 to Jun. 2023 .

Maverick Lifestyle's change in inventory for the fiscal year that ended in Dec. 2022 was $0.82 Mil. It means Maverick Lifestyle's inventory declined by $0.82 Mil from Dec. 2021 to Dec. 2022 .

Maverick Lifestyle's Total Inventories for the quarter that ended in Jun. 2023 was $0.65 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maverick Lifestyle's Days Inventory for the quarter that ended in Jun. 2023 was 294.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Maverick Lifestyle's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.31.

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. Maverick Lifestyle's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.38.

Maverick Lifestyle Change In Inventory Historical Data

The historical data trend for Maverick Lifestyle'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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Maverick Lifestyle Change In Inventory Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22
Change In Inventory
- -1.17 0.82

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Change In Inventory Get a 7-Day Free Trial 0.27 0.36 - -0.08 -0.05

Maverick Lifestyle 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.13 Mil.

* 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.

Maverick Lifestyle  (NAS:MVRK) Change In Inventory Explanation

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

Maverick Lifestyle's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.627/0.194*365 / 4
=294.92

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

Maverick Lifestyle's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.194 / 0.627
=0.31

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.

Maverick Lifestyle's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.627 / 0.453
=1.38

* 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.

Maverick Lifestyle Change In Inventory Related Terms

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Maverick Lifestyle (Maverick Lifestyle) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Change In Inventory
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Address
7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
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Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

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