VRTHF (Indigenous Bloom Hemp) Inventory Turnover: 0.00 (As of Feb. 2023)


What is Indigenous Bloom Hemp Inventory Turnover?

Indigenous Bloom Hemp VRTHF -99.93% Inventory Turnover is 0.00 as of Feb. 2023.

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. Indigenous Bloom Hemp's Cost of Goods Sold for the three months ended in Feb. 2023 was $0.00 Mil. Indigenous Bloom Hemp's Average Total Inventories for the quarter that ended in Feb. 2023 was $0.13 Mil. Indigenous Bloom Hemp's Inventory Turnover for the quarter that ended in Feb. 2023 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Indigenous Bloom Hemp  (OTCPK:VRTHF) 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.

Indigenous Bloom Hemp's Days Inventory for the three months ended in Feb. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Feb. 2023 )/Cost of Goods Sold (Q: Feb. 2023 )*Days in Period
=0.132/0*365 / 4
=

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.

Indigenous Bloom Hemp's Inventory to Revenue for the quarter that ended in Feb. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2023 ) / Revenue (Q: Feb. 2023 )
=0.132 / 0
=

* 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.

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.

Indigenous Bloom Hemp Inventory Turnover Related Terms

Indigenous Bloom Hemp Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Indigenous Bloom Hemp'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.

Indigenous Bloom Hemp Inventory Turnover Chart

Indigenous Bloom Hemp Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 May22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.73

Indigenous Bloom Hemp Quarterly Data
Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Nov21 Feb22 May22 Aug22 Feb23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.01 0.15 0.01 0.00

Indigenous Bloom Hemp Inventory Turnover Calculation

Indigenous Bloom Hemp's Inventory Turnover for the fiscal year that ended in May. 2022 is calculated as

Inventory Turnover (A: May. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: May. 2022 ) / ((Total Inventories (A: Apr. 2021 ) + Total Inventories (A: May. 2022 )) / count )
=0.137 / ((0 + 0.188) / 1 )
=0.137 / 0.188
=0.73

Indigenous Bloom Hemp's Inventory Turnover for the quarter that ended in Feb. 2023 is calculated as

Inventory Turnover (Q: Feb. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Feb. 2023 ) / ((Total Inventories (Q: Aug. 2022 ) + Total Inventories (Q: Feb. 2023 )) / count )
=0 / ((0.135 + 0.129) / 2 )
=0 / 0.132
=0.00

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
Indigenous Bloom Hemp (VRTHF) has a Inventory Turnover of 0.00 as of Feb. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Indigenous Bloom Hemp and its competitors.
Is Indigenous Bloom Hemp's Inventory Turnover too high?
Indigenous Bloom Hemp's current Inventory Turnover is 0.00.
How does Indigenous Bloom Hemp's Inventory Turnover compare to ZTS?
Indigenous Bloom Hemp's Inventory Turnover of 0.00 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Drug Manufacturers company?
A good Inventory Turnover depends on the Drug Manufacturers industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Indigenous Bloom Hemp and its competitors. Indigenous Bloom Hemp's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indigenous Bloom Hemp stock overvalued right now?
Indigenous Bloom Hemp (VRTHF) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Indigenous Bloom Hemp (VRTHF), the current Inventory Turnover is 0.00 as of Feb. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Indigenous Bloom Hemp Business Description

Address c/o 3200 650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7
Indigenous Bloom Hemp Corp is in business to produce and sell hemp extracts.