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Verde AgriTech (TSX:NPK) Inventory Turnover : 1.01 (As of Dec. 2024)


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What is Verde AgriTech 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. Verde AgriTech's Cost of Goods Sold for the three months ended in Dec. 2024 was C$1.70 Mil. Verde AgriTech's Average Total Inventories for the quarter that ended in Dec. 2024 was C$1.69 Mil. Verde AgriTech's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Verde AgriTech's Days Inventory for the three months ended in Dec. 2024 was 90.61.

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. Verde AgriTech's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.58.


Verde AgriTech Inventory Turnover Historical Data

The historical data trend for Verde AgriTech'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.

* Premium members only.

Verde AgriTech Inventory Turnover Chart

Verde AgriTech Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.17 8.58 10.11 5.36 4.50

Verde AgriTech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.10 1.07 1.22 1.44 1.01

Verde AgriTech Inventory Turnover Calculation

Verde AgriTech's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Inventory Turnover (A: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2024 ) / ((Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count )
=9.35 / ((2.448 + 1.709) / 2 )
=9.35 / 2.0785
=4.50

Verde AgriTech'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 )
=1.701 / ((1.669 + 1.709) / 2 )
=1.701 / 1.689
=1.01

* 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.


Verde AgriTech  (TSX:NPK) 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.

Verde AgriTech'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
=1.689/1.701*365 / 4
=90.61

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.

Verde AgriTech'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 )
=1.689 / 2.888
=0.58

* 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.


Verde AgriTech Inventory Turnover Related Terms

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Verde AgriTech Business Description

Traded in Other Exchanges
Address
16 Collyer Quay, No. 17 - 00, Collyer Quay Centre, Singapore, SGP, 049318
Verde AgriTech Ltd promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project, from which the company produces solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. The multi-nutrient potassium fertilizer marketed in Brazil under the brand K Forte, BAKS, and internationally as Super Greensand is one of Verde's sustainable products from which the nature-driven technology company helps to improve the soil microbiome.
Executives
Renato Couto Gomes Director
Cristiano Botelho Veloso Director, Senior Officer