Silo Wellness (XCNQ:SILO) Inventory Turnover : 0.00 (As of Jul. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Silo Wellness 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. Silo Wellness's Cost of Goods Sold for the three months ended in Jul. 2023 was C$0.12 Mil. Silo Wellness's Average Total Inventories for the quarter that ended in Jul. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Silo Wellness's Days Inventory for the three months ended in Jul. 2023 was 0.00.

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. Silo Wellness's Inventory-to-Revenue for the quarter that ended in Jul. 2023 was 0.00.

Silo Wellness Inventory Turnover Historical Data

The historical data trend for Silo Wellness'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.

* Premium members only.

Silo Wellness Inventory Turnover Chart

Silo Wellness Annual Data

Trend

Oct20

Oct21

Oct22

Inventory Turnover

7.11

7.97

2.61

Silo Wellness Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Inventory Turnover	Get a 7-Day Free Trial										0.53	-	-	-	-

Silo Wellness Inventory Turnover Calculation

Silo Wellness's Inventory Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Inventory Turnover (A: Oct. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2022 )	/ (	(Total Inventories (A: Oct. 2021 )	+	Total Inventories (A: Oct. 2022 ))	/	count )
=	0.292	/ (	(0.112	+	0)	/	1 )
=	0.292	/	0.112
=	2.61

Silo Wellness's Inventory Turnover for the quarter that ended in Jul. 2023 is calculated as

	Inventory Turnover (Q: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2023 )	/ (	(Total Inventories (Q: Apr. 2023 )	+	Total Inventories (Q: Jul. 2023 ))	/	count )
=	0.117	/ (	(0	+	0)	/	1 )
=	0.117	/	0
=	N/A

Silo Wellness (XCNQ:SILO) 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.

Silo Wellness's Days Inventory for the three months ended in Jul. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2023 )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
	=	0	/	0.117	*	365 / 4
	=	0.00

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.

Silo Wellness's Inventory to Revenue for the quarter that ended in Jul. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2023 )	/	Revenue (Q: Jul. 2023 )
	=	0	/	0.095
	=	0.00

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.

Silo Wellness Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Silo Wellness's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Silo Wellness (XCNQ:SILO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Silo Wellness Inc (XCNQ:SILO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Consumers Road, Suite 702, Toronto, ON, CAN, M2J 4R4

Website

https://www.silowellness.com

Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.

Executives

Michael Hartman

Director