Tilray Brands (TSX:TLRY) Inventory Turnover : 0.55 (As of Feb. 2024)

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What is Tilray 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. Tilray Brands's Cost of Goods Sold for the three months ended in Feb. 2024 was C$188 Mil. Tilray Brands's Average Total Inventories for the quarter that ended in Feb. 2024 was C$338 Mil. Tilray Brands's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tilray Brands's Days Inventory for the three months ended in Feb. 2024 was 164.42.

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. Tilray Brands's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.33.

Tilray Brands Inventory Turnover Historical Data

The historical data trend for Tilray 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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Tilray Brands Inventory Turnover Chart

Tilray Brands Annual Data

Trend

Aug14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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3.23

3.02

1.87

2.10

2.21

Tilray Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.71	0.58	0.61	0.61	0.55

Tilray Brands Inventory Turnover Calculation

Tilray Brands's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	649.038	/ (	(315.726	+	271.085)	/	2 )
=	649.038	/	293.4055
=	2.21

Tilray Brands'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 )
=	187.574	/ (	(346.379	+	329.588)	/	2 )
=	187.574	/	337.9835
=	0.55

Tilray Brands (TSX:TLRY) 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.

Tilray Brands'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
	=	337.9835	/	187.574	*	365 / 4
	=	164.42

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.

Tilray Brands'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 )
	=	337.9835	/	254.259
	=	1.33

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.

Tilray Brands Inventory Turnover Related Terms

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Tilray Brands (TSX:TLRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tilray Brands Inc (TSX:TLRY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TLRY:USA 2HQ:Germany TLRY:Austria

Address

265 Talbot Street West, Leamington, ON, CAN, N8H 5L4

Website

https://www.tilray.com

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products and alcohol.