Aleafia Health (HAM:ARAH) Inventory Turnover : 0.53 (As of Mar. 2023)

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What is Aleafia Health 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. Aleafia Health's Cost of Goods Sold for the three months ended in Mar. 2023 was €7.76 Mil. Aleafia Health's Average Total Inventories for the quarter that ended in Mar. 2023 was €14.57 Mil. Aleafia Health's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aleafia Health's Days Inventory for the three months ended in Mar. 2023 was 171.22.

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. Aleafia Health's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 2.27.

Aleafia Health Inventory Turnover Historical Data

The historical data trend for Aleafia Health'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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Aleafia Health Inventory Turnover Chart

Aleafia Health Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Oct17

Dec18

Dec19

Dec20

Mar23

Inventory Turnover

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1,016.00

1.84

-0.25

1.53

1.57

Aleafia Health Quarterly Data
	Oct17	Jan18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															0.23	0.20	-0.17	0.75	0.53

Aleafia Health Inventory Turnover Calculation

Aleafia Health's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	25.152	/ (	(19.094	+	12.976)	/	2 )
=	25.152	/	16.035
=	1.57

Aleafia Health's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	7.763	/ (	(16.157	+	12.976)	/	2 )
=	7.763	/	14.5665
=	0.53

Aleafia Health (HAM:ARAH) 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.

Aleafia Health's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	14.5665	/	7.763	*	365 / 4
	=	171.22

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.

Aleafia Health's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	14.5665	/	6.412
	=	2.27

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.

Aleafia Health Inventory Turnover Related Terms

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Aleafia Health (HAM:ARAH) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aleafia Health Inc (HAM:ARAH) » Definitions » Inventory Turnover

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Address

85 Basaltic Road, Concord, ON, CAN, L4K 1G4

Website

https://www.aleafiahealth.com

Aleafia Health Inc is a vertically integrated cannabis health and wellness company which owns three cannabis product and cultivation facilities where it produces a diverse portfolio of commercially high-margin derivative products including oils, capsules and sprays. The company operates national network of medical cannabis clinics and has seen over 60,000 patients to date.

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