BSPK (Bespoke Extracts) Inventory Turnover : 4.26 (As of Sep. 2024)

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What is Bespoke Extracts Inventory Turnover?

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. Bespoke Extracts's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.16 Mil. Bespoke Extracts's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.04 Mil. Bespoke Extracts's Inventory Turnover for the quarter that ended in Sep. 2024 was 4.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bespoke Extracts's Days Inventory for the three months ended in Sep. 2024 was 21.40.

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. Bespoke Extracts's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.14.

Bespoke Extracts Inventory Turnover Historical Data

The historical data trend for Bespoke Extracts'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.

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Bespoke Extracts Inventory Turnover Chart

Bespoke Extracts Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Dec22

Dec23

Inventory Turnover

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2.18

1.00

0.29

Bespoke Extracts Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															4.29	4.81	5.71	4.85	4.26

Bespoke Extracts Inventory Turnover Calculation

Bespoke Extracts's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.442	/ (	(-0.081	+	0.016)	/	2 )
=	0.442	/	-0.0325
=	N/A

Bespoke Extracts's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	0.162	/ (	(0.032	+	0.044)	/	2 )
=	0.162	/	0.038
=	4.26

Bespoke Extracts (OTCPK:BSPK) 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.

Bespoke Extracts's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.038	/	0.162	*	365 / 4
	=	21.40

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.

Bespoke Extracts's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.038	/	0.277
	=	0.14

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.

Bespoke Extracts Inventory Turnover Related Terms

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Bespoke Extracts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Bespoke Extracts Inc (OTCPK:BSPK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12001 E. 33rd Avenue, Unit O, Aurora, Denver, CO, USA, 80010

Website

https://www.bespokeextracts.com

Bespoke Extracts Inc is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products. It unveiled a new brand image and a new line-up of seven hemp-derived CBD formulations available for purchase in the form of tinctures and softgels.

Executives

Michael Feinsod	director, 10 percent owner, officer: CEO
Tyler Hunter Garth	director, officer: President	6300 E HAMPDEN AVE, 2306, DENVER CO 80222
Danil Pollack	10 percent owner, officer: President and CEO	6 GAUGUIN AVE., VAUGHAN A6 L4J9J7
Niquana Monique Noel	10 percent owner, officer: President and CEO	1316 SW 3RD COURT, FT. LAUDERDALE FL 33312
Marc Yahr	director, 10 percent owner, officer: President and CEO	1966 NE 123RD STREET, NUM 170, NORTH MIAMI FL 33181
Anthony Ivankovich	10 percent owner	971 CRANDON BLVD., APT. PH-6, KEY BISCAYNE FL 33149
Mcglothlin Holdings, Ltd.	10 percent owner	402 W. DAVIS, LULING TX 78648
Barry Tenzer	director, 10 percent owner, officer: President, CEO, CFO	290 LENOX AVENUE, NEW YORK NY 10027
Roberto Fata	director, 10 percent owner, officer: Executive VP	290 LENOX AVENUE, SECOND FLOOR, NEW YORK NY 10027
Lyle Hauser	10 percent owner	290 LENOX AVENUE, SECOND FLOOR, NEW YORK NY 10027