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CordovaCann (XCNQ:CDVA) Change In Inventory : C$-0.20 Mil (TTM As of Jun. 2023)


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What is CordovaCann Change In Inventory?

CordovaCann's change in inventory for the quarter that ended in Jun. 2023 was C$-0.20 Mil. It means CordovaCann's inventory increased by C$0.20 Mil from Jun. 2022 to Jun. 2023 .

CordovaCann's change in inventory for the fiscal year that ended in Jun. 2023 was C$-0.20 Mil. It means CordovaCann's inventory increased by C$0.20 Mil from Jun. 2022 to Jun. 2023 .

CordovaCann's Total Inventories for the quarter that ended in Jun. 2023 was C$0.92 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CordovaCann's Days Inventory for the quarter that ended in Jun. 2023 was 15.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. CordovaCann's Inventory Turnover for the quarter that ended in Jun. 2023 was 11.85.

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. CordovaCann's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.06.

CordovaCann Change In Inventory Historical Data

The historical data trend for CordovaCann'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.

* Premium members only.

CordovaCann Change In Inventory Chart

CordovaCann Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.12 -0.24 -0.22 -0.20

CordovaCann Semi-Annual Data
Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.12 -0.24 -0.22 -0.20

CordovaCann Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 was C$-0.20 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.

CordovaCann  (XCNQ:CDVA) Change In Inventory Explanation

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

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

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.8215/9.733*365 / 2
=15.40

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

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

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=9.733 / 0.8215
=11.85

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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.8215 / 13.595
=0.06

* 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.

CordovaCann Change In Inventory Related Terms

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CordovaCann (XCNQ:CDVA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CordovaCann Corp (XCNQ:CDVA) » Definitions » Change In Inventory
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Traded in Other Exchanges
LVRLF:USA
Address
217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V0R2
Website
https://www.cordovacann.com
CordovaCann Corp is a Canadian-domiciled company focused on building a diversified cannabis company. The company provides services and investment capital to the processing and production of vertical markets of the cannabis industry.
Executives
Benjamin Thomas Higham Director

CordovaCann (XCNQ:CDVA) Headlines

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