Lumiera Health (TSXV:NHP.H) Inventory Turnover : 0.57 (As of Aug. 2023)

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What is Lumiera 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. Lumiera Health's Cost of Goods Sold for the three months ended in Aug. 2023 was C$0.06 Mil. Lumiera Health's Average Total Inventories for the quarter that ended in Aug. 2023 was C$0.10 Mil. Lumiera Health's Inventory Turnover for the quarter that ended in Aug. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lumiera Health's Days Inventory for the three months ended in Aug. 2023 was 158.90.

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. Lumiera Health's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 1.25.

Lumiera Health Inventory Turnover Historical Data

The historical data trend for Lumiera 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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Lumiera Health Inventory Turnover Chart

Lumiera Health Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Nov18

Nov19

Nov20

Nov21

Nov22

Inventory Turnover

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2.28

1.98

1.24

2.74

Lumiera Health Quarterly Data
	Sep18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Inventory Turnover	Get a 7-Day Free Trial															0.25	1.28	0.09	0.49	0.57

Lumiera Health Inventory Turnover Calculation

Lumiera Health's Inventory Turnover for the fiscal year that ended in Nov. 2022 is calculated as

	Inventory Turnover (A: Nov. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2022 )	/ (	(Total Inventories (A: Nov. 2021 )	+	Total Inventories (A: Nov. 2022 ))	/	count )
=	0.487	/ (	(0.247	+	0.109)	/	2 )
=	0.487	/	0.178
=	2.74

Lumiera Health's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	0.058	/ (	(0.12	+	0.082)	/	2 )
=	0.058	/	0.101
=	0.57

Lumiera Health (TSXV:NHP.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.

Lumiera Health's Days Inventory for the three months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	0.101	/	0.058	*	365 / 4
	=	158.90

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.

Lumiera Health's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	0.101	/	0.081
	=	1.25

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.

Lumiera Health Inventory Turnover Related Terms

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Lumiera Health Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lumiera Health Inc (TSXV:NHP.H) » Definitions » Inventory Turnover

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Address

4500 Kimber, Suite 26, Saint-Hubert, QC, CAN, J3Y 8K5

Website

https://www.lumiera.ca

Lumiera Health Inc is a natural health products company. The company is developing products focusing on the endocannabinoid system and providing treatments for chronic pain and inflammation.

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