Humble & Fume (XCNQ:HMBL) Inventory Turnover : 1.18 (As of Jun. 2023)

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What is Humble & Fume 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. Humble & Fume's Cost of Goods Sold for the three months ended in Jun. 2023 was C$12.62 Mil. Humble & Fume's Average Total Inventories for the quarter that ended in Jun. 2023 was C$10.66 Mil. Humble & Fume's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Humble & Fume's Days Inventory for the three months ended in Jun. 2023 was 77.09.

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. Humble & Fume's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.73.

Humble & Fume Inventory Turnover Historical Data

The historical data trend for Humble & Fume'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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Humble & Fume Inventory Turnover Chart

Humble & Fume Annual Data

Trend

Jul19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

2.41

3.73

3.33

4.63

Humble & Fume Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial										0.84	0.82	1.16	1.09	1.18

Humble & Fume Inventory Turnover Calculation

Humble & Fume's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	58.339	/ (	(15.382	+	9.802)	/	2 )
=	58.339	/	12.592
=	4.63

Humble & Fume's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	12.616	/ (	(11.514	+	9.802)	/	2 )
=	12.616	/	10.658
=	1.18

Humble & Fume (XCNQ:HMBL) 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.

Humble & Fume's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	10.658	/	12.616	*	365 / 4
	=	77.09

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.

Humble & Fume's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	10.658	/	14.501
	=	0.73

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.

Humble & Fume Inventory Turnover Related Terms

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Humble & Fume (XCNQ:HMBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Humble & Fume Inc (XCNQ:HMBL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HUMBF:USA

Address

1 Eva Road, Suite 416, Etobicoke, ON, CAN, M9C 4Z5

Website

https://www.humbleandfume.com

Humble & Fume Inc is a cannabis distribution solution providing customer-centric services and accessories. It is a fully integrated cannabis distribution solution for retailers, Canadian licensed cannabis producers, American multi-state operators, and cannabis customers. Its products include Amethyst Crystal Pipe, Invincipole Replacement Screens, Replacement Bowl Screens, Invincipole Aluminum & Steel Downstem, MouthPeace Filter Refill Display, MouthPeace Full Kit Display, Unbleached Pure Wood Cones, Blend Unbleached Pure Hemp & Flax Cones among others. The firm operates in the segment in two geographical locations: Canada and the USA of which it generates substantial revenue from the USA.

Executives