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

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What is Indigenous Bloom Hemp 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. Indigenous Bloom Hemp's Cost of Goods Sold for the three months ended in Feb. 2023 was C$0.00 Mil. Indigenous Bloom Hemp's Average Total Inventories for the quarter that ended in Feb. 2023 was C$0.17 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 Inventory Turnover Historical Data

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.

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Indigenous Bloom Hemp Inventory Turnover Chart

Indigenous Bloom Hemp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

May22

Inventory Turnover

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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															-	0.01	0.15	0.01	-

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 )
=	0.176	/ (	(0	+	0.242)	/	1 )
=	0.176	/	0.242
=	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	/ (	(0.174	+	0.174)	/	2 )
=	0	/	0.174
=	0.00

Indigenous Bloom Hemp (XCNQ:IBH) 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
	=	0.174	/	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 )
	=	0.174	/	0
	=

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

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Indigenous Bloom Hemp (XCNQ:IBH) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Indigenous Bloom Hemp Corp (XCNQ:IBH) » Definitions » Inventory Turnover

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VRTHF:USA

Address

3200-650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7

Website

https://www.indigenousbloomcorporate.com

Indigenous Bloom Hemp Corp is in business to produce and sell hemp extracts. It is engaged in the farming and cultivation of hemp biomass for third-party processing to extract cannabidiol (CBD) oils, distillate or isolate. The resulting solution can then be used for the production of many CBD products.

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