Entourage Health (TSXV:ENTG) Inventory Turnover : 1.22 (As of Dec. 2023)

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What is Entourage Health 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. Entourage Health's Cost of Goods Sold for the three months ended in Dec. 2023 was C$15.74 Mil. Entourage Health's Average Total Inventories for the quarter that ended in Dec. 2023 was C$12.88 Mil. Entourage Health's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Entourage Health's Days Inventory for the three months ended in Dec. 2023 was 74.65.

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. Entourage Health's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.29.

Entourage Health Inventory Turnover Historical Data

The historical data trend for Entourage Health'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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Entourage Health Inventory Turnover Chart

Entourage Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.25

1.50

1.72

2.70

2.98

Entourage Health 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															1.05	0.52	0.47	0.41	1.22

Entourage Health Inventory Turnover Calculation

Entourage Health'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 )
=	37.005	/ (	(14.785	+	10.01)	/	2 )
=	37.005	/	12.3975
=	2.98

Entourage Health'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 )
=	15.74	/ (	(15.744	+	10.01)	/	2 )
=	15.74	/	12.877
=	1.22

Entourage Health (TSXV:ENTG) 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.

Entourage Health'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
	=	12.877	/	15.74	*	365 / 4
	=	74.65

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.

Entourage Health'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 )
	=	12.877	/	9.955
	=	1.29

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.

Entourage Health Inventory Turnover Related Terms

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Entourage Health (TSXV:ENTG) Business Description

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ETRGF:USA 4WE0:Germany

Address

250 Elm Street, Aylmer, ON, CAN, N5H 2M8

Website

https://www.weedmd.com

Entourage Health Corp is a licence holder producing and distributing cannabis products for both the medical and adult-use markets. It owns and operates greenhouse, outdoor, and processing facility located in Strathroy as well as a fully licensed Aylmer processing facility, specializing in cannabis extraction. With the addition of Starseed Medicinal, a medical-centric brand, it has expanded its multi-channeled distribution. The company operates in one segment, the production and sale of cannabis in Canada.