Nova Cannabis (Nova Cannabis) Change In Inventory : $-3.5 Mil (TTM As of Dec. 2023)

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What is Nova Cannabis Change In Inventory?

Nova Cannabis's change in inventory for the quarter that ended in Dec. 2023 was $-2.4 Mil. It means Nova Cannabis's inventory increased by $2.4 Mil from Sep. 2023 to Dec. 2023 .

Nova Cannabis's change in inventory for the fiscal year that ended in Dec. 2023 was $-3.5 Mil. It means Nova Cannabis's inventory increased by $3.5 Mil from Dec. 2022 to Dec. 2023 .

Nova Cannabis's Total Inventories for the quarter that ended in Dec. 2023 was $12.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nova Cannabis's Days Inventory for the quarter that ended in Dec. 2023 was 26.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nova Cannabis's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.42.

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. Nova Cannabis's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Nova Cannabis Change In Inventory Historical Data

The historical data trend for Nova 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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Nova Cannabis Change In Inventory Chart

Nova Cannabis Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.20

0.71

-4.13

-2.16

-3.52

Nova Cannabis Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial											-0.61	-0.84	-0.11	-0.13	-2.43

Nova 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.5 Mil.

Nova Cannabis (OTCPK:NVACF) Change In Inventory Explanation

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

Nova 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
	=	10.9625	/	37.48	*	365 / 4
	=	26.69

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

Nova Cannabis's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	37.48	/	10.9625
	=	3.42

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.

Nova Cannabis's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.9625	/	50.23
	=	0.22

Nova Cannabis Change In Inventory Related Terms

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Nova Cannabis (Nova Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Cannabis Inc (OTCPK:NVACF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

2LK:Germany NOVC:Canada

Address

101, 17220 Stony Plain Road NW, Edmonton, AB, CAN, T5S 1K6

Website

https://www.novacannabisstore.com

Nova Cannabis Inc is engaged in the operation of retail cannabis stores in Canada. It operates approximately 88 retail cannabis stores in Alberta, 16 in Ontario, and one in Saskatchewan. Some of its brands are Value Buds and Sweet Tree Cannabis Co. The company's products include Dried flowers, Pre-rolls, Candy and Cartridges, among others.

Nova Cannabis (Nova Cannabis) Headlines

From GuruFocus

Nova Cannabis to Webcast Live at VirtualInvestorConferences.com September 8th

By PRNewswire PRNewswire • 09-07-2021