Happy Belly Food Group (XCNQ:HBFG) Change In Inventory : C$0.03 Mil (TTM As of Dec. 2023)

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What is Happy Belly Food Group Change In Inventory?

Happy Belly Food Group's change in inventory for the quarter that ended in Dec. 2023 was C$0.00 Mil. It means Happy Belly Food Group's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Happy Belly Food Group's change in inventory for the fiscal year that ended in Dec. 2023 was C$0.05 Mil. It means Happy Belly Food Group's inventory declined by C$0.05 Mil from Dec. 2022 to Dec. 2023 .

Happy Belly Food Group's Total Inventories for the quarter that ended in Dec. 2023 was C$0.22 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Happy Belly Food Group's Days Inventory for the quarter that ended in Dec. 2023 was 33.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Happy Belly Food Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.74.

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. Happy Belly Food Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Happy Belly Food Group Change In Inventory Historical Data

The historical data trend for Happy Belly Food Group's Change In Inventory 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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Happy Belly Food Group Change In Inventory Chart

Happy Belly Food Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.04

-0.08

0.05

Happy Belly Food Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															0.02	-0.07	0.03	-	-

Happy Belly Food Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.03 Mil.

Happy Belly Food Group (XCNQ:HBFG) Change In Inventory Explanation

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

Happy Belly Food Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.2235	/	0.613	*	365 / 4
	=	33.27

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

Happy Belly Food Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.613	/	0.2235
	=	2.74

3. 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.

Happy Belly Food Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2235	/	1.229
	=	0.18

Happy Belly Food Group Change In Inventory Related Terms

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Happy Belly Food Group (XCNQ:HBFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Happy Belly Food Group Inc (XCNQ:HBFG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

VGANF:USA W3J:Germany

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.happybellyfg.com

Happy Belly Food Group Inc is a quick-serve restaurant and consumer packaged goods wellness company bringing delicious foods and retail brands to customers. The Company has two operating segments which are Consumer product goods and Quick restaurant services. The consumer product goods currently consist of two brands namely, Holy Crap which produces and sells breakfast cereal and related food products, and Lumber Heads which produces and sells snack foods. The Company operates a number of plant-based restaurants namely Yamchops, Heal Lifestyle, and Lettuce Love.

Executives

Mark Rechichi	Director
Sean Black	Director, Senior Officer

Happy Belly Food Group (XCNQ:HBFG) Headlines

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