ALID (Allied) Inventory Turnover: 0.05 (As of Nov. 2024)


What is Allied Inventory Turnover?

Allied ALID -99.80% Inventory Turnover is 0.05 as of Nov. 2024.

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. Allied's Cost of Goods Sold for the three months ended in Nov. 2024 was $0.01 Mil. Allied's Average Total Inventories for the quarter that ended in Nov. 2024 was $0.27 Mil. Allied's Inventory Turnover for the quarter that ended in Nov. 2024 was 0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Allied's Days Inventory for the three months ended in Nov. 2024 was 1,785.89.

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. Allied's Inventory-to-Revenue for the quarter that ended in Nov. 2024 was 9.79.

Allied  (OTCPK:ALID) 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.

Allied's Days Inventory for the three months ended in Nov. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Nov. 2024 )/Cost of Goods Sold (Q: Nov. 2024 )*Days in Period
=0.274/0.014*365 / 4
=1,785.89

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.

Allied's Inventory to Revenue for the quarter that ended in Nov. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2024 ) / Revenue (Q: Nov. 2024 )
=0.274 / 0.028
=9.79

* 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.

Allied Inventory Turnover Related Terms

Allied Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Allied's Inventory Turnover 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.

Allied Inventory Turnover Chart

Allied Annual Data
Trend Mar18 Mar19 Aug20 Aug21 Aug22 Aug23 Aug24
Inventory Turnover
Get a 7-Day Free Trial 0.00 6.78 0.16 2.77 2.27

Allied Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Inventory Turnover 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 0.01 0.00 0.06 1.31 0.05

Allied Inventory Turnover Calculation

Allied's Inventory Turnover for the fiscal year that ended in Aug. 2024 is calculated as

Inventory Turnover (A: Aug. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Aug. 2024 ) / ((Total Inventories (A: Aug. 2023 ) + Total Inventories (A: Aug. 2024 )) / count )
=0.419 / ((0.108 + 0.261) / 2 )
=0.419 / 0.1845
=2.27

Allied's Inventory Turnover for the quarter that ended in Nov. 2024 is calculated as

Inventory Turnover (Q: Nov. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Nov. 2024 ) / ((Total Inventories (Q: Aug. 2024 ) + Total Inventories (Q: Nov. 2024 )) / count )
=0.014 / ((0.261 + 0.287) / 2 )
=0.014 / 0.274
=0.05

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.05 mean?
Allied (ALID) has a Inventory Turnover of 0.05 as of Nov. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Allied and its competitors.
Is Allied's Inventory Turnover too high?
Allied's current Inventory Turnover is 0.05.
How does Allied's Inventory Turnover compare to CBDY and PLSH?
Allied's Inventory Turnover of 0.05 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 Allied and its competitors. Allied's current Inventory Turnover is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allied stock overvalued right now?
Allied (ALID) has a current Inventory Turnover of 0.05. The current Inventory Turnover is 0.05. 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 Allied (ALID), the current Inventory Turnover is 0.05 as of Nov. 2024. 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.

Allied Business Description

Address 460 Doyle Avenue, Suite 200, Kelowna, BC, CAN, V1Y OC2
Allied Corp is an international cannabis company with a mission to help people suffering from Post-Traumatic Stress Disorder (PTSD) by researching, creating, and producing targeted cannabinoid health solutions. The company uses an evidence-informed scientific approach to make this mission possible through cutting-edge pharmaceutical research and development, plant-based production, and the development of therapeutic products. The company operates in two segments, which include Allied and Allied Colombia. Its geographical segments consist of Colombia and Canada. The company's revenue is comprised of sales of cannabis products.