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. Goodfood Market's Average Total Inventories for the quarter that ended in Feb. 2024 was $2.5 Mil. Goodfood Market's Revenue for the
three
months ended in Feb. 2024 was $29.4 Mil.
Goodfood Market's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.09.
Goodfood Market's Inventory-to-Revenue for the quarter that ended in Feb. 2024
increased
from Nov. 2023 (0.08) to Nov. 2023 (0.09)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Goodfood Market's Days Inventory for the
three
months ended in Feb. 2024 was 13.85.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Goodfood Market's Inventory Turnover for the quarter that ended in Feb. 2024 was 6.59.
Goodfood Market Inventory-to-Revenue Historical Data
The historical data trend for Goodfood Market's Inventory-to-Revenue 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.
Competitive Comparison of Goodfood Market's Inventory-to-Revenue
For the Personal Services subindustry, Goodfood Market's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Goodfood Market's Inventory-to-Revenue Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Goodfood Market's Inventory-to-Revenue falls into.
Goodfood Market Inventory-to-Revenue Calculation
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.
Goodfood Market's Inventory-to-Revenue for the fiscal year that ended in Aug. 2023 is calculated as
* 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Goodfood Market's Days Inventory for the
three
months ended in Feb. 2024 is calculated as:
* 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.
Goodfood Market Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Goodfood Market's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodfood Market (Goodfood Market) Business Description
Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.
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