Maverick Lifestyle (Maverick Lifestyle) Inventory Turnover : 0.31 (As of Jun. 2023)

View and export this data going back to 2050. Start your Free Trial

What is Maverick Lifestyle 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. Maverick Lifestyle's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.19 Mil. Maverick Lifestyle's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.63 Mil. Maverick Lifestyle's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maverick Lifestyle's Days Inventory for the three months ended in Jun. 2023 was 294.92.

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. Maverick Lifestyle's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.38.

Maverick Lifestyle Inventory Turnover Historical Data

The historical data trend for Maverick Lifestyle'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.

* Premium members only.

Maverick Lifestyle Inventory Turnover Chart

Maverick Lifestyle Annual Data

Trend

Dec20

Dec21

Dec22

Inventory Turnover

1.32

1.04

Maverick Lifestyle Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial			0.07	-	-	0.23	0.31

Maverick Lifestyle Inventory Turnover Calculation

Maverick Lifestyle'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 )
=	0.97	/ (	(1.342	+	0.523)	/	2 )
=	0.97	/	0.9325
=	1.04

Maverick Lifestyle'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 )
=	0.194	/ (	(0.603	+	0.651)	/	2 )
=	0.194	/	0.627
=	0.31

Maverick Lifestyle (NAS:MVRK) 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.

Maverick Lifestyle'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
	=	0.627	/	0.194	*	365 / 4
	=	294.92

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.

Maverick Lifestyle'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 )
	=	0.627	/	0.453
	=	1.38

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.

Maverick Lifestyle Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Maverick Lifestyle's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Maverick Lifestyle (Maverick Lifestyle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883

Website

Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

Maverick Lifestyle (Maverick Lifestyle) Headlines

No Headlines