MMNFQ (MedMen Enterprises) Inventory Turnover: 0.99 (As of Mar. 2023)

What is MedMen Enterprises Inventory Turnover?

MedMen Enterprises MMNFQ -90.00% Inventory Turnover is 0.99 as of Mar. 2023.

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. MedMen Enterprises's Cost of Goods Sold for the three months ended in Mar. 2023 was $14.1 Mil. MedMen Enterprises's Average Total Inventories for the quarter that ended in Mar. 2023 was $14.2 Mil. MedMen Enterprises's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MedMen Enterprises's Days Inventory for the three months ended in Mar. 2023 was 91.87.

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. MedMen Enterprises's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.52.

MedMen Enterprises (OTCPK:MMNFQ) 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.

MedMen Enterprises'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
	=	14.172	/	14.077	*	365 / 4
	=	91.87

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.

MedMen Enterprises'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 )
	=	14.172	/	27.225
	=	0.52

* 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.

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.

MedMen Enterprises Inventory Turnover Related Terms

MedMen Enterprises Inventory Turnover Historical Data

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The historical data trend for MedMen Enterprises's Inventory Turnover can be seen below:

MedMen Enterprises Inventory Turnover Chart

MedMen Enterprises Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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8.00

4.06

4.33

3.90

5.46

MedMen Enterprises Quarterly Data
	Apr18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															1.10	1.46	1.59	1.27	0.99

MedMen Enterprises Inventory Turnover Calculation

MedMen Enterprises's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	71.085	/ (	(16.014	+	10.011)	/	2 )
=	71.085	/	13.0125
=	5.46

MedMen Enterprises'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 )
=	14.077	/ (	(13.675	+	14.669)	/	2 )
=	14.077	/	14.172
=	0.99

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.99 mean?

MedMen Enterprises (MMNFQ) has a Inventory Turnover of 0.99 as of Mar. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on MedMen Enterprises and its competitors.

Is MedMen Enterprises' Inventory Turnover too high?

MedMen Enterprises' current Inventory Turnover is 0.99.

How does MedMen Enterprises' Inventory Turnover compare to ZTS and VTRS?

MedMen Enterprises' Inventory Turnover of 0.99 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Drug Manufacturers company?

A good Inventory Turnover depends on the Drug Manufacturers industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on MedMen Enterprises and its competitors. MedMen Enterprises's current Inventory Turnover is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is MedMen Enterprises stock overvalued right now?

MedMen Enterprises (MMNFQ) has a current Inventory Turnover of 0.99. The current Inventory Turnover is 0.99. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For MedMen Enterprises (MMNFQ), the current Inventory Turnover is 0.99 as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MedMen Enterprises Business Description

Industry Healthcare Drug Manufacturers

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Address 8740 S Sepulveda Boulevard, Suite 105, Los Angeles, CA, USA, 90045

Website https://www.medmen.com

MedMen Enterprises Inc is a American cannabis company dedicated to improving life with Cannabis for All. With operations across the United States in California, Nevada, Illinois, Arizona, Massachusetts, and New York, the company has MedMen and LuxLyte brands offering cannabis in consumer-preferred product forms for medical and recreational use. It produces and curates the consumer product assortment for retail operations in its local communities, and drives consumer loyalty with service and engaging in-store experience, combined with reward, delivery, and e-commerce programs.