CNPOF (RIV Capital) Inventory Turnover : 0.53 (As of Sep. 2024)

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What is RIV Capital 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. RIV Capital's Cost of Goods Sold for the three months ended in Sep. 2024 was $6.02 Mil. RIV Capital's Average Total Inventories for the quarter that ended in Sep. 2024 was $11.26 Mil. RIV Capital's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RIV Capital's Days Inventory for the three months ended in Sep. 2024 was 170.76.

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. RIV Capital's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.32.

RIV Capital Inventory Turnover Historical Data

The historical data trend for RIV Capital'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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RIV Capital Inventory Turnover Chart

RIV Capital Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Inventory Turnover

RIV Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.16	0.18	0.11	0.41	0.53

RIV Capital Inventory Turnover Calculation

RIV Capital's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

RIV Capital'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 )
=	6.019	/ (	(12.29	+	10.237)	/	2 )
=	6.019	/	11.2635
=	0.53

RIV Capital (OTCPK:CNPOF) 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.

RIV Capital'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
	=	11.2635	/	6.019	*	365 / 4
	=	170.76

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.

RIV Capital'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 )
	=	11.2635	/	4.859
	=	2.32

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.

RIV Capital Inventory Turnover Related Terms

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RIV Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » RIV Capital Inc (OTCPK:CNPOF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

RIV:Canada

Address

40 King Street West, Suite 2504, Toronto, ON, CAN, M5H 3Y2

Website

https://www.rivcapital.com

RIV Capital Inc is a venture capital investment and operating platform structured to pursue investment opportunities in the cannabis sector. The company has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the cannabis sector. The investments take the form of production-linked royalties, secured debt, newly formed joint ventures, and a variety of equity and equity-linked instruments.