Herbal Dispatch (XCNQ:HERB) Inventory Turnover : 1.14 (As of Dec. 2024)

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What is Herbal Dispatch 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. Herbal Dispatch's Cost of Goods Sold for the three months ended in Dec. 2024 was C$2.10 Mil. Herbal Dispatch's Average Total Inventories for the quarter that ended in Dec. 2024 was C$1.84 Mil. Herbal Dispatch's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Herbal Dispatch's Days Inventory for the three months ended in Dec. 2024 was 80.07.

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. Herbal Dispatch's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.81.

Herbal Dispatch Inventory Turnover Historical Data

The historical data trend for Herbal Dispatch'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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Herbal Dispatch Inventory Turnover Chart

Herbal Dispatch Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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0.02

1.82

0.92

4.23

5.58

Herbal Dispatch Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.18	0.79	1.45	0.96	1.14

Herbal Dispatch Inventory Turnover Calculation

Herbal Dispatch's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	7.928	/ (	(1.242	+	1.598)	/	2 )
=	7.928	/	1.42
=	5.58

Herbal Dispatch's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	2.098	/ (	(2.084	+	1.598)	/	2 )
=	2.098	/	1.841
=	1.14

Herbal Dispatch (XCNQ:HERB) 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.

Herbal Dispatch's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1.841	/	2.098	*	365 / 4
	=	80.07

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.

Herbal Dispatch's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1.841	/	2.282
	=	0.81

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.

Herbal Dispatch Inventory Turnover Related Terms

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Herbal Dispatch Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Herbal Dispatch Inc (XCNQ:HERB) » Definitions » Inventory Turnover

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LUFFF:USA

Address

1055 West Georgia Street, Suite 1750, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.herbaldispatch.com

Herbal Dispatch Inc owns and operates cannabis e-commerce platforms in both Canada and the United States and is dedicated to providing top-quality cannabis to informed consumers at affordable pricing. The company's flagship cannabis marketplace, Herbal Dispatch, is a trusted source for exclusive access to small-batch craft cannabis flowers and a wide array of other product formats. It generates revenue in one reportable segment: cannabis and cannabis-related products. Geographically, the company generates a majority of its revenue from Canada.

Executives

Drew Malcolm	10% Security Holder
Jason Neil Vandenberg	Senior Officer
Herb Dhaliwal	Director