Gaia Grow (FRA:GG00) Inventory Turnover : 0.27 (As of Sep. 2022)

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What is Gaia Grow 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. Gaia Grow's Cost of Goods Sold for the three months ended in Sep. 2022 was €0.04 Mil. Gaia Grow's Average Total Inventories for the quarter that ended in Sep. 2022 was €0.13 Mil. Gaia Grow's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gaia Grow's Days Inventory for the three months ended in Sep. 2022 was 334.58.

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. Gaia Grow's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 3.57.

Gaia Grow Inventory Turnover Historical Data

The historical data trend for Gaia Grow'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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Gaia Grow Inventory Turnover Chart

Gaia Grow Annual Data

Trend

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Inventory Turnover

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Gaia Grow Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	0.27

Gaia Grow Inventory Turnover Calculation

Gaia Grow's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Gaia Grow's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	0.036	/ (	(0	+	0.132)	/	1 )
=	0.036	/	0.132
=	0.27

Gaia Grow (FRA:GG00) 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.

Gaia Grow's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	0.132	/	0.036	*	365 / 4
	=	334.58

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.

Gaia Grow's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	0.132	/	0.037
	=	3.57

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.

Gaia Grow Inventory Turnover Related Terms

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Gaia Grow (FRA:GG00) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Gaia Grow Corp (FRA:GG00) » Definitions » Inventory Turnover

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Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN

Website

https://www.gaiagrow.com

Gaia Grow Corp is a Canada based company engaged in producing hemp. Its main business focus is farming Industrial Hemp for Medical Purposes.

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