YourWay Cannabis Brands (YourWay Cannabis Brands) Inventory Turnover : 2.29 (As of Sep. 2021)

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What is YourWay Cannabis 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. YourWay Cannabis Brands's Cost of Goods Sold for the three months ended in Sep. 2021 was $11.01 Mil. YourWay Cannabis Brands's Average Total Inventories for the quarter that ended in Sep. 2021 was $4.80 Mil. YourWay Cannabis Brands's Inventory Turnover for the quarter that ended in Sep. 2021 was 2.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. YourWay Cannabis Brands's Days Inventory for the three months ended in Sep. 2021 was 39.84.

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. YourWay Cannabis Brands's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.33.

YourWay Cannabis Brands Inventory Turnover Historical Data

The historical data trend for YourWay Cannabis 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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YourWay Cannabis Brands Inventory Turnover Chart

YourWay Cannabis Brands Annual Data

Trend

Dec19

Dec20

Inventory Turnover

2.91

21.05

YourWay Cannabis Brands Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Inventory Turnover	Get a 7-Day Free Trial				4.21	5.16	7.74	3.75	2.29

YourWay Cannabis Brands Inventory Turnover Calculation

YourWay Cannabis Brands's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	27.446	/ (	(0.405	+	2.203)	/	2 )
=	27.446	/	1.304
=	21.05

YourWay Cannabis Brands's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

	Inventory Turnover (Q: Sep. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )
=	11.005	/ (	(4.242	+	5.367)	/	2 )
=	11.005	/	4.8045
=	2.29

YourWay Cannabis Brands (OTCPK:YOURF) 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.

YourWay Cannabis Brands's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2021 )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
	=	4.8045	/	11.005	*	365 / 4
	=	39.84

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.

YourWay Cannabis Brands's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	4.8045	/	14.489
	=	0.33

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.

YourWay Cannabis Brands Inventory Turnover Related Terms

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YourWay Cannabis Brands (YourWay Cannabis Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » YourWay Cannabis Brands Inc (OTCPK:YOURF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.hollistercannabisco.com

YourWay Cannabis Brands Inc is a multi-state operator with sales and operations in Arizona and California. Through building own brands, partnering with others, and providing white-labelled product, company is dedicated towards expanding the reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.