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SLGWQ (SLANG Worldwide) Inventory-to-Revenue : 0.85 (As of Jun. 2024)


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What is SLANG Worldwide Inventory-to-Revenue?

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. SLANG Worldwide's Average Total Inventories for the quarter that ended in Jun. 2024 was $3.88 Mil. SLANG Worldwide's Revenue for the three months ended in Jun. 2024 was $4.58 Mil. SLANG Worldwide's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.85.

SLANG Worldwide's Inventory-to-Revenue for the quarter that ended in Jun. 2024 declined from Mar. 2024 (0.87) to Mar. 2024 (0.85)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SLANG Worldwide's Days Inventory for the three months ended in Jun. 2024 was 134.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. SLANG Worldwide's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.68.


SLANG Worldwide Inventory-to-Revenue Historical Data

The historical data trend for SLANG Worldwide'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.

* Premium members only.

SLANG Worldwide Inventory-to-Revenue Chart

SLANG Worldwide Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial 0.06 0.12 0.19 0.22 0.19

SLANG Worldwide Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Inventory-to-Revenue 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 0.84 0.79 0.92 0.87 0.85

Competitive Comparison of SLANG Worldwide's Inventory-to-Revenue

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide'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.


SLANG Worldwide's Inventory-to-Revenue Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, SLANG Worldwide's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where SLANG Worldwide's Inventory-to-Revenue falls into.



SLANG Worldwide 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.

SLANG Worldwide's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (5.211 + 4.902) / 2 ) / 26.597
=5.0565 / 26.597
=0.19

SLANG Worldwide's Inventory-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (Q: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Revenue (Q: Jun. 2024 )
=( (4.114 + 3.637) / 2 ) / 4.584
=3.8755 / 4.584
=0.85

* 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.


SLANG Worldwide  (OTCPK:SLGWQ) Inventory-to-Revenue Explanation

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.

SLANG Worldwide's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=3.8755/2.624*365 / 4
=134.77

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

SLANG Worldwide's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=2.624 / 3.8755
=0.68

* 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.


SLANG Worldwide Inventory-to-Revenue Related Terms

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SLANG Worldwide Business Description

Traded in Other Exchanges
N/A
Address
50 Carroll Street, Toronto, ON, CAN, M4M 3G3
SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.

SLANG Worldwide Headlines

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