Decibel Cannabis Co (TSXV:DB) Change In Inventory : C$3.26 Mil (TTM As of Dec. 2024)

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What is Decibel Cannabis Co Change In Inventory?

Decibel Cannabis Co's change in inventory for the quarter that ended in Dec. 2024 was C$1.79 Mil. It means Decibel Cannabis Co's inventory declined by C$1.79 Mil from Sep. 2024 to Dec. 2024 .

Decibel Cannabis Co's change in inventory for the fiscal year that ended in Dec. 2024 was C$3.26 Mil. It means Decibel Cannabis Co's inventory declined by C$3.26 Mil from Dec. 2023 to Dec. 2024 .

Decibel Cannabis Co's Total Inventories for the quarter that ended in Dec. 2024 was C$43.34 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Decibel Cannabis Co's Days Inventory for the quarter that ended in Dec. 2024 was 239.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Decibel Cannabis Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.38.

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. Decibel Cannabis Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.74.

Decibel Cannabis Co Change In Inventory Historical Data

The historical data trend for Decibel Cannabis Co'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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Decibel Cannabis Co Change In Inventory Chart

Decibel Cannabis Co Annual Data

Trend

Jul15

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Jul17

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Dec20

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Dec23

Dec24

Change In Inventory

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-17.26

-9.06

3.26

Decibel Cannabis Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Inventory	Get a 7-Day Free Trial															-1.41	-2.26	3.58	0.15	1.79

Decibel Cannabis Co 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$3.26 Mil.

Decibel Cannabis Co (TSXV:DB) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	44.133	/	16.784	*	365 / 4
	=	239.94

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

Decibel Cannabis Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16.784	/	44.133
	=	0.38

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.

Decibel Cannabis Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	44.133	/	25.312
	=	1.74

Decibel Cannabis Co Change In Inventory Related Terms

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Decibel Cannabis Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Decibel Cannabis Co Inc (TSXV:DB) » Definitions » Change In Inventory

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Traded in Other Exchanges

DBCCF:USA

Address

140 - 4th Avenue SW, Suite 1440, Calgary, AB, CAN, T2P 3N3

Website

https://www.decibelcc.com

Decibel Cannabis Co Inc is engaged in the cannabis operations business. It is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers as well as the direct sale of products through its retail locations to end customers.

Executives

Benjamin Sze	Senior Officer
Warren Matzelle	Senior Officer
Shawn Lawrence Dym	Director
Nadia Jordana Vattovaz	Director
Cody Church	Director
Michael Grant Kelly	Director
Derek Sider	Senior Officer
Kristopher Newell	Senior Officer
Paul Wilson	Director
Stuart Boucher	Senior Officer
Adam Coates	Senior Officer