High Tide (FRA:2LYA) Total Inventories : €17.4 Mil (As of Jan. 2024)

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What is High Tide Total Inventories?

High Tide's total inventories for the quarter that ended in Jan. 2024 was €17.4 Mil. High Tide's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was €17.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. High Tide's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was €-0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High Tide's Days Inventory for the three months ended in Jan. 2024 was 25.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. High Tide's Inventory Turnover for the quarter that ended in Jan. 2024 was 3.56.

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. High Tide's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.20.

High Tide Total Inventories Historical Data

The historical data trend for High Tide's Total Inventories 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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High Tide Total Inventories Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Inventories

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4.61

3.67

11.82

17.36

17.94

High Tide Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															17.36	17.19	18.40	17.94	17.40

High Tide Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

High Tide (FRA:2LYA) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

High Tide's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(19.661	+	0.75 * 2.792	+	0.5 * 17.401	-	59.645
-	0	-	1.672)	/	78.5573
=	-0.39

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

High Tide's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	17.67	/	62.97	*	365 / 4
	=	25.61

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

High Tide's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	62.97	/	17.67
	=	3.56

4. 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.

High Tide's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	17.67	/	87.586
	=	0.20

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

High Tide Total Inventories Related Terms

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High Tide (FRA:2LYA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (FRA:2LYA) » Definitions » Total Inventories

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HITI:USA HITI:Canada

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.

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