Glow LifeTech (XCNQ:GLOW) Inventory Turnover : 0.05 (As of Sep. 2023)

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What is Glow LifeTech 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. Glow LifeTech's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.01 Mil. Glow LifeTech's Average Total Inventories for the quarter that ended in Sep. 2023 was C$0.13 Mil. Glow LifeTech's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glow LifeTech's Days Inventory for the three months ended in Sep. 2023 was 2,007.50.

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. Glow LifeTech's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 6.95.

Glow LifeTech Inventory Turnover Historical Data

The historical data trend for Glow LifeTech'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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Glow LifeTech Inventory Turnover Chart

Glow LifeTech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Glow LifeTech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial														-	-	-	-	0.05

Glow LifeTech Inventory Turnover Calculation

Glow LifeTech's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0	/ (	(0.1	+	0.128)	/	2 )
=	0	/	0.114
=	0.00

Glow LifeTech's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.006	/ (	(0.162	+	0.102)	/	2 )
=	0.006	/	0.132
=	0.05

Glow LifeTech (XCNQ:GLOW) 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.

Glow LifeTech's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.132	/	0.006	*	365 / 4
	=	2,007.50

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.

Glow LifeTech's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.132	/	0.019
	=	6.95

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.

Glow LifeTech Inventory Turnover Related Terms

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Glow LifeTech (XCNQ:GLOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Glow LifeTech Corp (XCNQ:GLOW) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GLWLF:USA 9DO:Germany

Address

65 International Boulevard, Suite 206, Etobicoke, ON, CAN, M9W 6L9

Website

https://www.glowlifetech.com

Glow LifeTech Corp is a biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption, and effectiveness. Its plant-based MyCell Technology delivery system transforms poorly absorbed natural compounds into enhanced water-compatible concentrates, unlocking the full healing potential of natural active compounds.

Executives

Daniel Proska

Director

Glow LifeTech (XCNQ:GLOW) Headlines

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