GreenSpace Brands (TSXV:JTR.H) Inventory Turnover : 0.90 (As of Dec. 2022)

View and export this data going back to 2013. Start your Free Trial

What is GreenSpace 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. GreenSpace Brands's Cost of Goods Sold for the three months ended in Dec. 2022 was C$3.34 Mil. GreenSpace Brands's Average Total Inventories for the quarter that ended in Dec. 2022 was C$3.73 Mil. GreenSpace Brands's Inventory Turnover for the quarter that ended in Dec. 2022 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GreenSpace Brands's Days Inventory for the three months ended in Dec. 2022 was 101.79.

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. GreenSpace Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.88.

GreenSpace Brands Inventory Turnover Historical Data

The historical data trend for GreenSpace 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.

* Premium members only.

GreenSpace Brands Inventory Turnover Chart

GreenSpace Brands Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Inventory Turnover

Get a 7-Day Free Trial

5.22

4.59

5.46

4.66

3.01

GreenSpace Brands Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															0.64	0.69	0.99	0.90	0.90

GreenSpace Brands Inventory Turnover Calculation

GreenSpace Brands's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	12.014	/ (	(4.489	+	3.488)	/	2 )
=	12.014	/	3.9885
=	3.01

GreenSpace Brands's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	3.343	/ (	(3.618	+	3.84)	/	2 )
=	3.343	/	3.729
=	0.90

GreenSpace Brands (TSXV:JTR.H) 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.

GreenSpace Brands's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	3.729	/	3.343	*	365 / 4
	=	101.79

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.

GreenSpace Brands's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	3.729	/	4.216
	=	0.88

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.

GreenSpace Brands Inventory Turnover Related Terms

Thank you for viewing the detailed overview of GreenSpace Brands's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

GreenSpace Brands (TSXV:JTR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GreenSpace Brands Inc (TSXV:JTR.H) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2087 Dundas Street East, Suite 106, Mississauga, ON, CAN, L4X 2V7

Website

https://www.greenspacebrands.ca

GreenSpace Brands Inc is an organic and natural food company. It is engaged in the creation of natural food products and sale of brands in Canadian natural food industry. The company's brands include Life Choices, Rolling Meadow Dairy, Holistic Choice Pet Food, Nudge, Love Child organics, Central Roast, and Kiju organic. Life Choices Natural Foods offers meat products made with grass-fed and pasture-raised without the use of added hormones and antibiotics. Rolling Meadow Dairy provides products made with grass-fed milk. Holistic Choice Pet Food offers natural pet food. The Nudge brand is a line of family foods. Love Child Organics provides healthy, organic baby and children's food products.

GreenSpace Brands (TSXV:JTR.H) Headlines

No Headlines