FFVWF (4Front Ventures) Inventory Turnover : 0.72 (As of Sep. 2024)

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What is 4Front Ventures 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. 4Front Ventures's Cost of Goods Sold for the three months ended in Sep. 2024 was $13.47 Mil. 4Front Ventures's Average Total Inventories for the quarter that ended in Sep. 2024 was $18.59 Mil. 4Front Ventures's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 4Front Ventures's Days Inventory for the three months ended in Sep. 2024 was 125.94.

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. 4Front Ventures's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.08.

4Front Ventures Inventory Turnover Historical Data

The historical data trend for 4Front Ventures'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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4Front Ventures Inventory Turnover Chart

4Front Ventures Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.01

2.30

2.89

2.87

4Front Ventures 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															0.65	0.74	0.67	0.67	0.72

4Front Ventures Inventory Turnover Calculation

4Front Ventures'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 )
=	51.543	/ (	(18.888	+	17.087)	/	2 )
=	51.543	/	17.9875
=	2.87

4Front Ventures'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 )
=	13.468	/ (	(17.563	+	19.613)	/	2 )
=	13.468	/	18.588
=	0.72

4Front Ventures (OTCPK:FFVWF) 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.

4Front Ventures'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
	=	18.588	/	13.468	*	365 / 4
	=	125.94

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.

4Front Ventures'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 )
	=	18.588	/	17.132
	=	1.08

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.

4Front Ventures Inventory Turnover Related Terms

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4Front Ventures Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » 4Front Ventures Corp (OTCPK:FFVWF) » Definitions » Inventory Turnover

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FFNTF:USA FFNT:Canada

Address

7010 E. Chauncey Lane, Suite 235, Phoenix, AZ, USA, 85054

Website

https://www.4frontventures.com

4Front Ventures Corp is a Canadian-based company. It is engaged in the cultivation, processing, extracting, manufacturing, and distribution of cannabis products. It operates in two segments: THC Cannabis and CBD Wellness. The THC Cannabis segment engages in the production and cultivation of THC cannabis, manufacturing and distribution of cannabis products to owned dispensaries and third-party retail customers. The CBD Wellness segment encompasses the production and sale of CBD products to third-party customers.