Right On Brands (Right On Brands) Inventory Turnover : 1.34 (As of Dec. 2023)

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What is Right On Brands 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. Right On Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.16 Mil. Right On Brands's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.12 Mil. Right On Brands's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Right On Brands's Days Inventory for the three months ended in Dec. 2023 was 68.01.

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. Right On Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Right On Brands Inventory Turnover Historical Data

The historical data trend for Right On Brands'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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Right On Brands Inventory Turnover Chart

Right On Brands Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.48

2.68

1.27

5.89

4.60

Right On Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.20	1.09	1.67	1.17	1.34

Right On Brands Inventory Turnover Calculation

Right On Brands's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.531	/ (	(0.115	+	0.116)	/	2 )
=	0.531	/	0.1155
=	4.60

Right On Brands's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.159	/ (	(0.136	+	0.101)	/	2 )
=	0.159	/	0.1185
=	1.34

Right On Brands (OTCPK:RTON) 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.

Right On Brands's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.1185	/	0.159	*	365 / 4
	=	68.01

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.

Right On Brands's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.1185	/	0.342
	=	0.35

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.

Right On Brands Inventory Turnover Related Terms

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Right On Brands (Right On Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Right On Brands Inc (OTCPK:RTON) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Dalrock Road, Suite 100, Rowlett, TX, USA, 75089

Website

https://www.rightonbrands.com

Right On Brands Inc is a Texas based consumer goods company which provides traditional, plus natural health and wellness information services through an interactive website. The company business is conducted through wholly-owned subsidiaries, Humbly Hemp, Endo Brands, and Humble Water Company. Humbly Hemp sells and markets a line of hemp enhanced snack foods. Humble Water Company is in a partnership with Springhill Water Co. to develop a line of High Alkaline, Natural Mineral Water, and a bottling and packaging facility. The company has two operating segments: ENDO Brands and Humbly Hemp. ENDO Brands develops hemp oil-infused products which are engineered to deliver optimal bioavailability and nutrients to the body and Humbly Hemp develops a line of hemp based bars and drinks.

Executives

Daniel J Crawford

director, 10 percent owner, officer: President, CEO, CFO, Director

2667 32ND STREET, SUITE B, SANTA MONICA CA 90405