PeakBirch Commerce (XCNQ:PKB) Inventory Turnover : 2.22 (As of Jul. 2022)

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What is PeakBirch Commerce 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. PeakBirch Commerce's Cost of Goods Sold for the three months ended in Jul. 2022 was C$0.14 Mil. PeakBirch Commerce's Average Total Inventories for the quarter that ended in Jul. 2022 was C$0.06 Mil. PeakBirch Commerce's Inventory Turnover for the quarter that ended in Jul. 2022 was 2.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PeakBirch Commerce's Days Inventory for the three months ended in Jul. 2022 was 41.16.

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. PeakBirch Commerce's Inventory-to-Revenue for the quarter that ended in Jul. 2022 was 0.20.

PeakBirch Commerce Inventory Turnover Historical Data

The historical data trend for PeakBirch Commerce'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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PeakBirch Commerce Inventory Turnover Chart

PeakBirch Commerce Annual Data

Trend

Oct20

Oct21

Inventory Turnover

179.89

67.17

PeakBirch Commerce Quarterly Data
	Aug19	Aug20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Inventory Turnover	Get a 7-Day Free Trial				5.40	-0.23	3.08	1.35	2.22

PeakBirch Commerce Inventory Turnover Calculation

PeakBirch Commerce's Inventory Turnover for the fiscal year that ended in Oct. 2021 is calculated as

	Inventory Turnover (A: Oct. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2021 )	/ (	(Total Inventories (A: Oct. 2020 )	+	Total Inventories (A: Oct. 2021 ))	/	count )
=	2.754	/ (	(0.009	+	0.073)	/	2 )
=	2.754	/	0.041
=	67.17

PeakBirch Commerce's Inventory Turnover for the quarter that ended in Jul. 2022 is calculated as

	Inventory Turnover (Q: Jul. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2022 )	/ (	(Total Inventories (Q: Apr. 2022 )	+	Total Inventories (Q: Jul. 2022 ))	/	count )
=	0.143	/ (	(0.064	+	0.065)	/	2 )
=	0.143	/	0.0645
=	2.22

PeakBirch Commerce (XCNQ:PKB) 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.

PeakBirch Commerce's Days Inventory for the three months ended in Jul. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2022 )	/	Cost of Goods Sold (Q: Jul. 2022 )	*	Days in Period
	=	0.0645	/	0.143	*	365 / 4
	=	41.16

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.

PeakBirch Commerce's Inventory to Revenue for the quarter that ended in Jul. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2022 )	/	Revenue (Q: Jul. 2022 )
	=	0.0645	/	0.322
	=	0.20

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.

PeakBirch Commerce Inventory Turnover Related Terms

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PeakBirch Commerce (XCNQ:PKB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PeakBirch Commerce Inc (XCNQ:PKB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

400, 837 West Hastings Street, Vancouver, BC, CAN, V6C 3N6

Website

https://www.peakbirch.com

PeakBirch Commerce Inc is engaged in the distribution of vaporizers and accessories for aromatherapy and other purposes. Its geographical segments include United States, Canada, and United Kingdom .