Leef Brands (XCNQ:LEEF) Inventory Turnover : 1.47 (As of Sep. 2024)

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What is Leef 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. Leef Brands's Cost of Goods Sold for the three months ended in Sep. 2024 was C$7.16 Mil. Leef Brands's Average Total Inventories for the quarter that ended in Sep. 2024 was C$4.88 Mil. Leef Brands's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leef Brands's Days Inventory for the three months ended in Sep. 2024 was 62.19.

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. Leef Brands's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.53.

Leef Brands Inventory Turnover Historical Data

The historical data trend for Leef 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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Leef Brands Inventory Turnover Chart

Leef Brands Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul19

Jul20

Jul21

Dec22

Dec23

Inventory Turnover

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0.22

10.25

5.57

8.02

6.53

Leef Brands Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.99	1.15	1.33	1.39	1.47

Leef Brands Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	27.626	/ (	(4.051	+	4.413)	/	2 )
=	27.626	/	4.232
=	6.53

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

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	7.156	/ (	(5.102	+	4.652)	/	2 )
=	7.156	/	4.877
=	1.47

Leef Brands (XCNQ:LEEF) 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.

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

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	4.877	/	7.156	*	365 / 4
	=	62.19

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	4.877	/	9.161
	=	0.53

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.

Leef Brands Inventory Turnover Related Terms

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Leef Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Leef Brands Inc (XCNQ:LEEF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LEEEF:USA H3G:Germany

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.leefbrands.com

Leef Brands Inc is a manufacturer of cannabis-branded products manufacturer based in California. It offers products under brand names like Real Deal Resin, Ganja Gold, Heady, and Leef. Geographically, it derives a majority of its revenue from the United States. It has one operation of the Company located in Canada and the United States. The Company has one reportable business segment in the cannabis sector. It generates the majority of its revenue from the USA.

Executives

Kevin John Wilson	Senior Officer
Micah Anderson	10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Issuer, Senior Officer

Leef Brands Headlines

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