TerrAscend (TSX:TSND) Inventory Turnover : 0.74 (As of Sep. 2024)

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What is TerrAscend 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. TerrAscend's Cost of Goods Sold for the three months ended in Sep. 2024 was C$51.4 Mil. TerrAscend's Average Total Inventories for the quarter that ended in Sep. 2024 was C$69.8 Mil. TerrAscend's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TerrAscend's Days Inventory for the three months ended in Sep. 2024 was 123.86.

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. TerrAscend's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.69.

TerrAscend Inventory Turnover Historical Data

The historical data trend for TerrAscend'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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TerrAscend Inventory Turnover Chart

TerrAscend Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.91

2.27

2.88

3.64

3.20

TerrAscend Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.75	0.82	0.83	0.80	0.74

TerrAscend Inventory Turnover Calculation

TerrAscend'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 )
=	211.476	/ (	(62.946	+	69.338)	/	2 )
=	211.476	/	66.142
=	3.20

TerrAscend's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	51.41	/ (	(69.908	+	69.659)	/	2 )
=	51.41	/	69.7835
=	0.74

TerrAscend (TSX:TSND) 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.

TerrAscend's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	69.7835	/	51.41	*	365 / 4
	=	123.86

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.

TerrAscend's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	69.7835	/	100.468
	=	0.69

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.

TerrAscend Inventory Turnover Related Terms

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TerrAscend Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TerrAscend Corp (TSX:TSND) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TSNDF:USA TED:Germany

Address

77 City Centre Drive, Suite 501, East Tower, Mississauga, ON, CAN, L5B 1M5

Website

https://www.terrascend.com

TerrAscend Corp is a company focused on creating and delivering quality cannabis products and services that meet the evolving needs of its patients. It also provides education and support programs to physicians and patients through healthcare professionals. It has one operating segment, being cultivation, production, and sale of cannabis products, with subsidiaries located in Canada and the United States.

Executives

Jason Wild	10% Security Holder, Director
Lisa Swartzman	Director
Ziad Ghanem	Senior Officer
Keith Stauffer	Senior Officer
Edward James Schutter	Director
Adam Kozak	Senior Officer

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