Psyched Wellness (FRA:5U9) Inventory Turnover : 0.15 (As of Aug. 2024)

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What is Psyched Wellness 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. Psyched Wellness's Cost of Goods Sold for the three months ended in Aug. 2024 was €0.09 Mil. Psyched Wellness's Average Total Inventories for the quarter that ended in Aug. 2024 was €0.62 Mil. Psyched Wellness's Inventory Turnover for the quarter that ended in Aug. 2024 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Psyched Wellness's Days Inventory for the three months ended in Aug. 2024 was 597.01.

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. Psyched Wellness's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 3.92.

Psyched Wellness Inventory Turnover Historical Data

The historical data trend for Psyched Wellness'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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Psyched Wellness Inventory Turnover Chart

Psyched Wellness Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Inventory Turnover

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0.02

0.26

Psyched Wellness Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Inventory Turnover	Get a 7-Day Free Trial															0.02	-0.10	0.05	0.14	0.15

Psyched Wellness Inventory Turnover Calculation

Psyched Wellness's Inventory Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Inventory Turnover (A: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2023 )	/ (	(Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )
=	0.111	/ (	(0.195	+	0.649)	/	2 )
=	0.111	/	0.422
=	0.26

Psyched Wellness's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

	Inventory Turnover (Q: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2024 )	/ (	(Total Inventories (Q: May. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )
=	0.094	/ (	(0.631	+	0.599)	/	2 )
=	0.094	/	0.615
=	0.15

Psyched Wellness (FRA:5U9) 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.

Psyched Wellness's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	0.615	/	0.094	*	365 / 4
	=	597.01

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.

Psyched Wellness's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	0.615	/	0.157
	=	3.92

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.

Psyched Wellness Inventory Turnover Related Terms

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Psyched Wellness Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Psyched Wellness Ltd (FRA:5U9) » Definitions » Inventory Turnover

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PSYCF:USA PSYC:Canada

Address

77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8

Website

https://www.psyched-wellness.com

Psyched Wellness Ltd is a health supplements company. The company creates organic and medicinal mushrooms for general body wellness. Its product includes Amanita Muscaria Tincture.

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