CBGL (Cannabis Global) Inventory Turnover: 3.96 (As of May. 2022)


What is Cannabis Global Inventory Turnover?

Cannabis Global CBGL Inventory Turnover is 3.96 as of May. 2022.

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. Cannabis Global's Cost of Goods Sold for the three months ended in May. 2022 was $0.78 Mil. Cannabis Global's Average Total Inventories for the quarter that ended in May. 2022 was $0.20 Mil. Cannabis Global's Inventory Turnover for the quarter that ended in May. 2022 was 3.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cannabis Global's Days Inventory for the three months ended in May. 2022 was 23.05.

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. Cannabis Global's Inventory-to-Revenue for the quarter that ended in May. 2022 was 0.25.

Cannabis Global  (OTCPK:CBGL) 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.

Cannabis Global's Days Inventory for the three months ended in May. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: May. 2022 )/Cost of Goods Sold (Q: May. 2022 )*Days in Period
=0.197/0.78*365 / 4
=23.05

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.

Cannabis Global's Inventory to Revenue for the quarter that ended in May. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2022 ) / Revenue (Q: May. 2022 )
=0.197 / 0.792
=0.25

* 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.

Cannabis Global Inventory Turnover Related Terms

Cannabis Global Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Cannabis Global'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.

Cannabis Global Inventory Turnover Chart

Cannabis Global Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.65 10.73

Cannabis Global Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 4.03 3.66 1.78 2.95 3.96

Cannabis Global Inventory Turnover Calculation

Cannabis Global's Inventory Turnover for the fiscal year that ended in Aug. 2021 is calculated as

Inventory Turnover (A: Aug. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Aug. 2021 ) / ((Total Inventories (A: Aug. 2020 ) + Total Inventories (A: Aug. 2021 )) / count )
=1.417 / ((0.075 + 0.189) / 2 )
=1.417 / 0.132
=10.73

Cannabis Global's Inventory Turnover for the quarter that ended in May. 2022 is calculated as

Inventory Turnover (Q: May. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: May. 2022 ) / ((Total Inventories (Q: Feb. 2022 ) + Total Inventories (Q: May. 2022 )) / count )
=0.78 / ((0.196 + 0.198) / 2 )
=0.78 / 0.197
=3.96

* 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 3.96 mean?
Cannabis Global (CBGL) has a Inventory Turnover of 3.96 as of May. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Cannabis Global and its competitors.
Is Cannabis Global's Inventory Turnover too high?
Cannabis Global's current Inventory Turnover is 3.96.
How does Cannabis Global's Inventory Turnover compare to MILC and BBBT?
Cannabis Global's Inventory Turnover of 3.96 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 Cannabis Global and its competitors. Cannabis Global's current Inventory Turnover is 3.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannabis Global stock overvalued right now?
Cannabis Global (CBGL) has a current Inventory Turnover of 3.96. The current Inventory Turnover is 3.96. 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 Cannabis Global (CBGL), the current Inventory Turnover is 3.96 as of May. 2022. 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.

Cannabis Global Business Description

Address 520 S Grand Avenue, Suite 320, Los Angeles, CA, USA, 90071
Cannabis Global Inc manufactures and distributes various cannabis products via its majority ownership of Natural Plant Extract, Inc is developing the Ethos Comply Bag, and generally conducts research and development in the areas of hemp, cannabis and consumer food goods. The company also have an active research and development program focused on creating and commercializing engineered technologies that deliver hemp extracts and cannabinoids to the human body. Its product includes cannabis flower packaged in various weights, cannabis Pre-rolls, cannabis edible products.