MYLKF (The Planting Hope Co) Inventory Turnover: 0.83 (As of Sep. 2023)

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What is The Planting Hope Co Inventory Turnover?

The Planting Hope Co MYLKF -99.99% Inventory Turnover is 0.83 as of Sep. 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. The Planting Hope Co's Cost of Goods Sold for the three months ended in Sep. 2023 was $1.16 Mil. The Planting Hope Co's Average Total Inventories for the quarter that ended in Sep. 2023 was $1.39 Mil. The Planting Hope Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Planting Hope Co's Days Inventory for the three months ended in Sep. 2023 was 109.48.

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. The Planting Hope Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.88.

The Planting Hope Co  (OTCPK:MYLKF) 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.

The Planting Hope Co's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=1.393/1.161*365 / 4
=109.48

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.

The Planting Hope Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=1.393 / 1.592
=0.88

* 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.

The Planting Hope Co Inventory Turnover Related Terms

The Planting Hope Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for The Planting Hope Co'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.

The Planting Hope Co Inventory Turnover Chart

The Planting Hope Co Annual Data
Trend Dec21 Dec22
Inventory Turnover
1.80 4.07

The Planting Hope Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.88 0.58 0.67 0.00 0.83

The Planting Hope Co Inventory Turnover Calculation

The Planting Hope Co'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 )
=6.716 / ((0.697 + 2.604) / 2 )
=6.716 / 1.6505
=4.07

The Planting Hope Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=1.161 / ((0 + 1.393) / 1 )
=1.161 / 1.393
=0.83

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.83 mean?
The Planting Hope Co (MYLKF) has a Inventory Turnover of 0.83 as of Sep. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on The Planting Hope Co and its competitors.
Is The Planting Hope Co's Inventory Turnover too high?
The Planting Hope Co's current Inventory Turnover is 0.83.
How does The Planting Hope Co's Inventory Turnover compare to KHC and GIS?
The Planting Hope Co's Inventory Turnover of 0.83 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Inventory Turnover depends on the Consumer Packaged Goods 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 The Planting Hope Co and its competitors. The Planting Hope Co's current Inventory Turnover is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Planting Hope Co stock overvalued right now?
The Planting Hope Co (MYLKF) has a current Inventory Turnover of 0.83. The current Inventory Turnover is 0.83. 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 The Planting Hope Co (MYLKF), the current Inventory Turnover is 0.83 as of Sep. 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.

The Planting Hope Co Business Description

Address 725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5
The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.