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


What is YourWay Cannabis Brands Inventory Turnover?

YourWay Cannabis Brands YOURF -90.00% Inventory Turnover is 2.29 as of Sep. 2021.

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  (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

* 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.

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

YourWay Cannabis Brands Inventory Turnover Historical Data

* Premium members only.

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.

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 Premium Member Only 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

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.29 mean?
YourWay Cannabis Brands (YOURF) has a Inventory Turnover of 2.29 as of Sep. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on YourWay Cannabis Brands and its competitors.
Is YourWay Cannabis Brands' Inventory Turnover too high?
YourWay Cannabis Brands' current Inventory Turnover is 2.29.
How does YourWay Cannabis Brands' Inventory Turnover compare to ZTS and CTLT?
YourWay Cannabis Brands' Inventory Turnover of 2.29 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Drug Manufacturers company?
A good Inventory Turnover depends on the Drug Manufacturers industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on YourWay Cannabis Brands and its competitors. YourWay Cannabis Brands's current Inventory Turnover is 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YourWay Cannabis Brands stock overvalued right now?
YourWay Cannabis Brands (YOURF) has a current Inventory Turnover of 2.29. The current Inventory Turnover is 2.29. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For YourWay Cannabis Brands (YOURF), the current Inventory Turnover is 2.29 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

YourWay Cannabis Brands Business Description

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