IMCC (IM Cannabis) Inventory Turnover : 2.75 (As of Dec. 2024)

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What is IM Cannabis 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. IM Cannabis's Cost of Goods Sold for the three months ended in Dec. 2024 was $7.48 Mil. IM Cannabis's Average Total Inventories for the quarter that ended in Dec. 2024 was $2.72 Mil. IM Cannabis's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IM Cannabis's Days Inventory for the three months ended in Dec. 2024 was 33.18.

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. IM Cannabis's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.29.

IM Cannabis Inventory Turnover Historical Data

The historical data trend for IM Cannabis'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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IM Cannabis Inventory Turnover Chart

IM Cannabis Annual Data

Trend

Apr14

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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0.64

1.40

1.82

2.96

6.60

IM Cannabis Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.94	1.14	2.03	2.15	2.75

IM Cannabis Inventory Turnover Calculation

IM Cannabis's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	31.992	/ (	(7.436	+	2.257)	/	2 )
=	31.992	/	4.8465
=	6.60

IM Cannabis's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	7.479	/ (	(3.182	+	2.257)	/	2 )
=	7.479	/	2.7195
=	2.75

IM Cannabis (NAS:IMCC) 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.

IM Cannabis's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	2.7195	/	7.479	*	365 / 4
	=	33.18

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.

IM Cannabis's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	2.7195	/	9.36
	=	0.29

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.

IM Cannabis Inventory Turnover Related Terms

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IM Cannabis Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » IM Cannabis Corp (NAS:IMCC) » Definitions » Inventory Turnover

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IMCC:Canada

Address

Central District, Kibbutz Glil Yam, ISR, 4690500

Website

https://www.imcannabis.com

IM Cannabis Corp is a Canada-based international medical cannabis company. It operates in the field of medical cannabis, through Focus Medical Herbs Ltd. (Focus), which holds a cultivation license to breed, grow, and supply medical cannabis products The majority of its revenues are generated from sales of medical cannabis products to customers in Israel. The remaining revenues are generated from sales of medical cannabis, as well as other products, to customers in Germany. Geographically, the majority is from Israel.