Pineapple Financial (Pineapple Financial) Inventory Turnover : 0.00 (As of Feb. 2024)

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What is Pineapple Financial 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. Pineapple Financial's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.54 Mil. Pineapple Financial's Average Total Inventories for the quarter that ended in Feb. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pineapple Financial's Days Inventory for the three months ended in Feb. 2024 was 0.00.

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. Pineapple Financial's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.00.

Pineapple Financial Inventory Turnover Historical Data

The historical data trend for Pineapple Financial'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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Pineapple Financial Inventory Turnover Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Inventory Turnover

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial					-	-	-	-	-

Pineapple Financial Inventory Turnover Calculation

Pineapple Financial's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	2.33	/ (	(0	+	0)	/	1 )
=	2.33	/	0
=	N/A

Pineapple Financial's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	0.541	/ (	(0	+	0)	/	1 )
=	0.541	/	0
=	N/A

Pineapple Financial (AMEX:PAPL) 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.

Pineapple Financial's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	0	/	0.541	*	365 / 4
	=	0.00

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.

Pineapple Financial's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0	/	0.785
	=	0.00

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.

Pineapple Financial Inventory Turnover Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pineapple Financial Inc (AMEX:PAPL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.