Red White & Bloom Brands (Red White & Bloom Brands) Inventory Turnover : 0.57 (As of Dec. 2023)

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What is Red White & Bloom 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. Red White & Bloom Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $8.11 Mil. Red White & Bloom Brands's Average Total Inventories for the quarter that ended in Dec. 2023 was $14.24 Mil. Red White & Bloom Brands's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red White & Bloom Brands's Days Inventory for the three months ended in Dec. 2023 was 160.25.

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. Red White & Bloom Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.99.

Red White & Bloom Brands Inventory Turnover Historical Data

The historical data trend for Red White & Bloom 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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Red White & Bloom Brands Inventory Turnover Chart

Red White & Bloom Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

0.36

0.97

4.20

3.10

Red White & Bloom Brands Quarterly Data
	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														0.26	0.99	0.86	0.72	0.57

Red White & Bloom Brands Inventory Turnover Calculation

Red White & Bloom Brands's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	43.865	/ (	(13.801	+	14.507)	/	2 )
=	43.865	/	14.154
=	3.10

Red White & Bloom 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 )
=	8.109	/ (	(13.975	+	14.507)	/	2 )
=	8.109	/	14.241
=	0.57

Red White & Bloom Brands (OTCPK:RWBYF) 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.

Red White & Bloom 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
	=	14.241	/	8.109	*	365 / 4
	=	160.25

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.

Red White & Bloom 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 )
	=	14.241	/	14.344
	=	0.99

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.

Red White & Bloom Brands Inventory Turnover Related Terms

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Red White & Bloom Brands (Red White & Bloom Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Red White & Bloom Brands Inc (OTCPK:RWBYF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

RWB:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.redwhitebloom.com

Red White & Bloom Brands Inc is a multi-state operator in the United States conducting operations in the legal cannabis industry. The principal activity of the company is the sale of a diverse range of high-quality cannabis-based products delivered through its distribution and retail channels. The company operates twelve licensed adult-use and medical retail dispensaries located in the legal states of Michigan and Florida.