Halo Collective (FRA:A9K0) Inventory Turnover : 0.16 (As of Jun. 2023)

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What is Halo Collective 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. Halo Collective's Cost of Goods Sold for the three months ended in Jun. 2023 was €1.60 Mil. Halo Collective's Average Total Inventories for the quarter that ended in Jun. 2023 was €10.09 Mil. Halo Collective's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Halo Collective's Days Inventory for the three months ended in Jun. 2023 was 574.51.

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. Halo Collective's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 3.06.

Halo Collective Inventory Turnover Historical Data

The historical data trend for Halo Collective'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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Halo Collective Inventory Turnover Chart

Halo Collective Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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3.45

1.91

2.41

1.42

Halo Collective Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.26	0.22	0.31	0.25	0.16

Halo Collective Inventory Turnover Calculation

Halo Collective's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	18.268	/ (	(14.886	+	10.884)	/	2 )
=	18.268	/	12.885
=	1.42

Halo Collective's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1.603	/ (	(10.537	+	9.648)	/	2 )
=	1.603	/	10.0925
=	0.16

Halo Collective (FRA:A9K0) 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.

Halo Collective's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	10.0925	/	1.603	*	365 / 4
	=	574.51

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.

Halo Collective's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	10.0925	/	3.294
	=	3.06

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.

Halo Collective Inventory Turnover Related Terms

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Halo Collective (FRA:A9K0) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Halo Collective Inc (FRA:A9K0) » Definitions » Inventory Turnover

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HCANF:USA

Address

550 Burrard Street, Suite 2300, Vancouver, BC, CAN, V6C 2B5

Website

https://www.haloco.com

Halo Collective Inc is a cannabis extraction company. It is engaged in manufacturing cannabis oil and concentrates and distributing cannabis products for recreational use in the states of Oregon, Nevada and California.

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