Sproutly Canada (XCNQ:SPR) Inventory Turnover : 0.27 (As of Nov. 2021)

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What is Sproutly Canada 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. Sproutly Canada's Cost of Goods Sold for the three months ended in Nov. 2021 was C$0.12 Mil. Sproutly Canada's Average Total Inventories for the quarter that ended in Nov. 2021 was C$0.46 Mil. Sproutly Canada's Inventory Turnover for the quarter that ended in Nov. 2021 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sproutly Canada's Days Inventory for the three months ended in Nov. 2021 was 341.81.

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. Sproutly Canada's Inventory-to-Revenue for the quarter that ended in Nov. 2021 was 4.81.

Sproutly Canada Inventory Turnover Historical Data

The historical data trend for Sproutly Canada'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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Sproutly Canada Inventory Turnover Chart

Sproutly Canada Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Inventory Turnover

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-0.41

3.13

1.32

Sproutly Canada Quarterly Data
	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Inventory Turnover	Get a 7-Day Free Trial															0.12	0.72	0.59	0.10	0.27

Sproutly Canada Inventory Turnover Calculation

Sproutly Canada's Inventory Turnover for the fiscal year that ended in Feb. 2021 is calculated as

	Inventory Turnover (A: Feb. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2021 )	/ (	(Total Inventories (A: Feb. 2020 )	+	Total Inventories (A: Feb. 2021 ))	/	count )
=	0.631	/ (	(0.486	+	0.468)	/	2 )
=	0.631	/	0.477
=	1.32

Sproutly Canada's Inventory Turnover for the quarter that ended in Nov. 2021 is calculated as

	Inventory Turnover (Q: Nov. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2021 )	/ (	(Total Inventories (Q: Aug. 2021 )	+	Total Inventories (Q: Nov. 2021 ))	/	count )
=	0.122	/ (	(0.51	+	0.404)	/	2 )
=	0.122	/	0.457
=	0.27

Sproutly Canada (XCNQ:SPR) 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.

Sproutly Canada's Days Inventory for the three months ended in Nov. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2021 )	/	Cost of Goods Sold (Q: Nov. 2021 )	*	Days in Period
	=	0.457	/	0.122	*	365 / 4
	=	341.81

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.

Sproutly Canada's Inventory to Revenue for the quarter that ended in Nov. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2021 )	/	Revenue (Q: Nov. 2021 )
	=	0.457	/	0.095
	=	4.81

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.

Sproutly Canada Inventory Turnover Related Terms

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Sproutly Canada (XCNQ:SPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sproutly Canada Inc (XCNQ:SPR) » Definitions » Inventory Turnover

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Address

1020 Mainland Street, Suite 112, Vancouver, BC, CAN, V6B 2T5

Website

https://www.sproutly.ca

Sproutly Canada Inc through its subsidiaries operates as a Technology company focused on discovering and commercializing science-based cannabis and hemp technologies. It provides water-soluble cannabis solutions and bio natural oils to the emerging beverage and consumables market. It operates in a single segment that is the sale of recreational cannabis.