CENTR Brands (XCNQ:CNTR) Inventory Turnover : 0.04 (As of Feb. 2024)

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What is CENTR 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. CENTR Brands's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.03 Mil. CENTR Brands's Average Total Inventories for the quarter that ended in Feb. 2024 was C$0.82 Mil. CENTR Brands's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CENTR Brands's Days Inventory for the three months ended in Feb. 2024 was 2,349.69.

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. CENTR Brands's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 26.58.

CENTR Brands Inventory Turnover Historical Data

The historical data trend for CENTR 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.

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CENTR Brands Inventory Turnover Chart

CENTR Brands Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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1.19

0.85

1.26

1.68

CENTR Brands Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.44	0.21	0.68	0.36	0.04

CENTR Brands Inventory Turnover Calculation

CENTR Brands's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	1.814	/ (	(1.35	+	0.812)	/	2 )
=	1.814	/	1.081
=	1.68

CENTR Brands's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	0.032	/ (	(0.824	+	0)	/	1 )
=	0.032	/	0.824
=	0.04

CENTR Brands (XCNQ:CNTR) 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.

CENTR Brands's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	0.824	/	0.032	*	365 / 4
	=	2,349.69

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.

CENTR Brands's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0.824	/	0.031
	=	26.58

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.

CENTR Brands Inventory Turnover Related Terms

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CENTR Brands (XCNQ:CNTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CENTR Brands Corp (XCNQ:CNTR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CNTRF:USA 303:Germany

Address

2318 Oak Street, Suite 100, Vancouver, BC, CAN, V6H 4J1

Website

https://www.findyourcentr.com

CENTR Brands Corp is a Canada-based company involved in the development and marketing of beverages infused with hemp-derived extracts and derivatives. It is focused on the creation and launch of the brand for the cannabidiol (CBD) infused beverage industry. The company's first product, CENTR, is a sparkling, low-calorie, CBD beverage.

Executives

Arjan Jagiit Chima

Director, Senior Officer

CENTR Brands (XCNQ:CNTR) Headlines

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