Planet 13 Holdings (XCNQ:PLTH) Inventory Turnover : 0.77 (As of Dec. 2024)

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What is Planet 13 Holdings 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. Planet 13 Holdings's Cost of Goods Sold for the three months ended in Dec. 2024 was C$24.5 Mil. Planet 13 Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was C$31.7 Mil. Planet 13 Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Planet 13 Holdings's Days Inventory for the three months ended in Dec. 2024 was 118.11.

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. Planet 13 Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.73.

Planet 13 Holdings Inventory Turnover Historical Data

The historical data trend for Planet 13 Holdings'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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Planet 13 Holdings Inventory Turnover Chart

Planet 13 Holdings Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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5.41

5.06

4.29

3.71

3.20

Planet 13 Holdings 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															0.78	0.76	0.81	0.71	0.77

Planet 13 Holdings Inventory Turnover Calculation

Planet 13 Holdings'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 )
=	85.908	/ (	(21.145	+	32.515)	/	2 )
=	85.908	/	26.83
=	3.20

Planet 13 Holdings'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 )
=	24.492	/ (	(30.89	+	32.515)	/	2 )
=	24.492	/	31.7025
=	0.77

Planet 13 Holdings (XCNQ:PLTH) 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.

Planet 13 Holdings'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
	=	31.7025	/	24.492	*	365 / 4
	=	118.11

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.

Planet 13 Holdings'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 )
	=	31.7025	/	43.146
	=	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.

Planet 13 Holdings Inventory Turnover Related Terms

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Planet 13 Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet 13 Holdings Inc (XCNQ:PLTH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PLNH:USA Y7Q:Germany

Address

2548 West Desert Inn Road, Suite 100, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc a vertically integrated cultivator and provider of cannabis and cannabis-infused products in the States of Nevada and California, with retail cannabis operations in Illinois. The company currently sells over 154 different strains of cannabis and has a customer-loyalty database of over 385,000 customers. The company owns and manufactures cannabis products under the following brands: HaHa (gummies and beverages), Dreamland (chocolates), TRENDI (vapes and concentrates), Medizin (flower, vapes, concentrates), Leaf and Vine (vapes).

Executives

Christopher Brian Wren	Senior Officer
Michael Denis Harman	Director
Leighton Rudolph Koehler	Senior Officer
Dennis Logan	Senior Officer
Stephen Christopher Markle	Senior Officer
William Joseph Vargas	Senior Officer
Robert Allen Groesbeck	10% Security Holder, Director, Senior Officer
Larry Norman Scheffler	10% Security Holder, Director, Senior Officer
David Brandon Farris	Senior Officer

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