ALEAF (Aleafia Health) Inventory Turnover: 0.54 (As of Mar. 2023)

What is Aleafia Health Inventory Turnover?

Aleafia Health ALEAF -99.00% 12 Inventory Turnover is 0.54 as of Mar. 2023. GuruFocus rates ALEAF with a GF Score™ of 12/100.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Aleafia Health's Cost of Goods Sold for the three months ended in Mar. 2023 was $8.31 Mil. Aleafia Health's Average Total Inventories for the quarter that ended in Mar. 2023 was $15.50 Mil. Aleafia Health's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aleafia Health's Days Inventory for the three months ended in Mar. 2023 was 170.23.

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. Aleafia Health's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 2.26.

Aleafia Health (GREY:ALEAF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Aleafia Health's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	15.504	/	8.311	*	365 / 4
	=	170.23

2. 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.

Aleafia Health's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	15.504	/	6.865
	=	2.26

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Aleafia Health Inventory Turnover Related Terms

Aleafia Health Inventory Turnover Historical Data

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The historical data trend for Aleafia Health's Inventory Turnover can be seen below:

Aleafia Health Inventory Turnover Chart

Aleafia Health Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Oct17

Dec18

Dec19

Dec20

Mar23

Inventory Turnover

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597.00

1.83

-0.25

1.60

1.45

Aleafia Health Quarterly Data
	Oct17	Jan18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															0.22	0.18	-0.16	0.78	0.54

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Aleafia Health Inventory Turnover Calculation

Aleafia Health's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	26.93	/ (	(23.228	+	13.892)	/	2 )
=	26.93	/	18.56
=	1.45

Aleafia Health's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	8.311	/ (	(17.116	+	13.892)	/	2 )
=	8.311	/	15.504
=	0.54

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.54 mean?

Aleafia Health (ALEAF) has a Inventory Turnover of 0.54 as of Mar. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Aleafia Health and its competitors.

Is Aleafia Health's Inventory Turnover too high?

Aleafia Health's current Inventory Turnover is 0.54. Overall, Aleafia Health has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Aleafia Health's Inventory Turnover compare to ZTS and CTLT?

Aleafia Health's Inventory Turnover of 0.54 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Drug Manufacturers company?

A good Inventory Turnover depends on the Drug Manufacturers industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Aleafia Health and its competitors. Aleafia Health's current Inventory Turnover is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Aleafia Health stock overvalued right now?

Aleafia Health (ALEAF) has a current Inventory Turnover of 0.54. The current Inventory Turnover is 0.54. Aleafia Health's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Aleafia Health (ALEAF), the current Inventory Turnover is 0.54 as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Aleafia Health Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies TSXV:NDVA XCNQ:LOWL TSX:NEPT TSX:ASP XCNQ:VEXT TSXV:DB XCNQ:TRIP XCNQ:MVMD TSX:WLLW TSXV:KHRN XTER:MRK ZTS TSE:4502 NSE:SUNPHARMA CTLT TSE:4507 SHSE:600196 SZSE:000538 VTRS NSE:DIVISLAB

Address 85 Basaltic Road, Concord, ON, CAN, L4K 1G4

Website https://www.aleafiahealth.com

Aleafia Health Inc is a vertically integrated cannabis health and wellness company which owns three cannabis product and cultivation facilities where it produces a diverse portfolio of commercially high-margin derivative products including oils, capsules and sprays.

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