EDNEF (Eden Empire) Inventory Turnover: 2.76 (As of Apr. 2022)


What is Eden Empire Inventory Turnover?

Eden Empire EDNEF Inventory Turnover is 2.76 as of Apr. 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. Eden Empire's Cost of Goods Sold for the three months ended in Apr. 2022 was $0.05 Mil. Eden Empire's Average Total Inventories for the quarter that ended in Apr. 2022 was $0.02 Mil. Eden Empire's Inventory Turnover for the quarter that ended in Apr. 2022 was 2.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eden Empire's Days Inventory for the three months ended in Apr. 2022 was 33.01.

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. Eden Empire's Inventory-to-Revenue for the quarter that ended in Apr. 2022 was 0.33.

Eden Empire  (OTCPK:EDNEF) 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.

Eden Empire's Days Inventory for the three months ended in Apr. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Apr. 2022 )/Cost of Goods Sold (Q: Apr. 2022 )*Days in Period
=0.017/0.047*365 / 4
=33.01

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.

Eden Empire's Inventory to Revenue for the quarter that ended in Apr. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2022 ) / Revenue (Q: Apr. 2022 )
=0.017 / 0.051
=0.33

* 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.

Eden Empire Inventory Turnover Related Terms

Eden Empire Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Eden Empire'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.

Eden Empire Inventory Turnover Chart

Eden Empire Annual Data
Trend Jul19 Jul20 Jul21
Inventory Turnover
0.00 0.00 3.91

Eden Empire Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.20 1.31 1.58 0.70 2.76

Eden Empire Inventory Turnover Calculation

Eden Empire's Inventory Turnover for the fiscal year that ended in Jul. 2021 is calculated as

Inventory Turnover (A: Jul. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jul. 2021 ) / ((Total Inventories (A: Jul. 2020 ) + Total Inventories (A: Jul. 2021 )) / count )
=0.125 / ((0.02 + 0.044) / 2 )
=0.125 / 0.032
=3.91

Eden Empire's Inventory Turnover for the quarter that ended in Apr. 2022 is calculated as

Inventory Turnover (Q: Apr. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Apr. 2022 ) / ((Total Inventories (Q: Jan. 2022 ) + Total Inventories (Q: Apr. 2022 )) / count )
=0.047 / ((0.018 + 0.016) / 2 )
=0.047 / 0.017
=2.76

* 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 2.76 mean?
Eden Empire (EDNEF) has a Inventory Turnover of 2.76 as of Apr. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Eden Empire and its competitors.
Is Eden Empire's Inventory Turnover too high?
Eden Empire's current Inventory Turnover is 2.76.
How does Eden Empire's Inventory Turnover compare to ZTS and CTLT?
Eden Empire's Inventory Turnover of 2.76 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 Eden Empire and its competitors. Eden Empire's current Inventory Turnover is 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eden Empire stock overvalued right now?
Eden Empire (EDNEF) has a current Inventory Turnover of 2.76. The current Inventory Turnover is 2.76. 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 Eden Empire (EDNEF), the current Inventory Turnover is 2.76 as of Apr. 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.

Eden Empire Business Description

Address The Stack, 1133 Melville Street, Suite 2700, Vancouver, BC, CAN, V6E 4E5
Eden Empire Inc is engaged in the business of operating and investing in the retail cannabis sector.