OILFF (Nextleaf Solutions) Inventory Turnover : 0.54 (As of Dec. 2024)

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What is Nextleaf Solutions 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. Nextleaf Solutions's Cost of Goods Sold for the three months ended in Dec. 2024 was $1.16 Mil. Nextleaf Solutions's Average Total Inventories for the quarter that ended in Dec. 2024 was $2.15 Mil. Nextleaf Solutions's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nextleaf Solutions's Days Inventory for the three months ended in Dec. 2024 was 169.29.

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. Nextleaf Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.06.

Nextleaf Solutions Inventory Turnover Historical Data

The historical data trend for Nextleaf Solutions'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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Nextleaf Solutions Inventory Turnover Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Inventory Turnover

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0.78

3.11

2.17

3.09

3.33

Nextleaf Solutions 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															0.93	0.95	0.80	0.65	0.54

Nextleaf Solutions Inventory Turnover Calculation

Nextleaf Solutions's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	6.449	/ (	(1.658	+	2.211)	/	2 )
=	6.449	/	1.9345
=	3.33

Nextleaf Solutions'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 )
=	1.157	/ (	(2.211	+	2.082)	/	2 )
=	1.157	/	2.1465
=	0.54

Nextleaf Solutions (OTCPK:OILFF) 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.

Nextleaf Solutions'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
	=	2.1465	/	1.157	*	365 / 4
	=	169.29

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.

Nextleaf Solutions'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 )
	=	2.1465	/	2.026
	=	1.06

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.

Nextleaf Solutions Inventory Turnover Related Terms

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Nextleaf Solutions Business Description

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OILS:Canada

Address

68 Schooner Street, Suite 3, Coquitlam, BC, CAN, V3B 7B1

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.