Lotus Ventures (XCNQ:J) Change In Inventory : C$-1.14 Mil (TTM As of Aug. 2023)

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What is Lotus Ventures Change In Inventory?

Lotus Ventures's change in inventory for the quarter that ended in Aug. 2023 was C$-0.17 Mil. It means Lotus Ventures's inventory increased by C$0.17 Mil from May. 2023 to Aug. 2023 .

Lotus Ventures's change in inventory for the fiscal year that ended in Aug. 2022 was C$-1.29 Mil. It means Lotus Ventures's inventory increased by C$1.29 Mil from Aug. 2021 to Aug. 2022 .

Lotus Ventures's Total Inventories for the quarter that ended in Aug. 2023 was C$1.10 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lotus Ventures's Days Inventory for the quarter that ended in Aug. 2023 was 116.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lotus Ventures's Inventory Turnover for the quarter that ended in Aug. 2023 was 0.78.

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. Lotus Ventures's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 1.53.

Lotus Ventures Change In Inventory Historical Data

The historical data trend for Lotus Ventures'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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Lotus Ventures Change In Inventory Chart

Lotus Ventures Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Change In Inventory

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-0.20

-0.71

0.04

-1.29

Lotus Ventures Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Change In Inventory	Get a 7-Day Free Trial															-0.06	-0.46	0.46	-0.97	-0.17

Lotus Ventures 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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.14 Mil.

Lotus Ventures (XCNQ:J) Change In Inventory Explanation

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

Lotus Ventures's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.1475	/	0.896	*	365 / 4
	=	116.86

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

Lotus Ventures's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.896	/	1.1475
	=	0.78

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.

Lotus Ventures's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.1475	/	0.752
	=	1.53

Lotus Ventures Change In Inventory Related Terms

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Lotus Ventures (XCNQ:J) Business Description

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LV9:Germany

Address

1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.lotuscannabis.ca

Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.

Executives

Gary Kenneth Mathiesen

Senior Officer