Modern Plant Based Foods (XCNQ:MEAT) Change In Inventory : C$-0.03 Mil (TTM As of Feb. 2024)

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What is Modern Plant Based Foods Change In Inventory?

Modern Plant Based Foods's change in inventory for the quarter that ended in Feb. 2024 was C$0.00 Mil. It means Modern Plant Based Foods's inventory declined by C$0.00 Mil from Nov. 2023 to Feb. 2024 .

Modern Plant Based Foods's change in inventory for the fiscal year that ended in Aug. 2023 was C$0.04 Mil. It means Modern Plant Based Foods's inventory declined by C$0.04 Mil from Aug. 2022 to Aug. 2023 .

Modern Plant Based Foods's Total Inventories for the quarter that ended in Feb. 2024 was C$0.02 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Modern Plant Based Foods's Days Inventory for the quarter that ended in Feb. 2024 was 14.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Modern Plant Based Foods's Inventory Turnover for the quarter that ended in Feb. 2024 was 6.20.

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. Modern Plant Based Foods's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.12.

Modern Plant Based Foods Change In Inventory Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods Change In Inventory Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Change In Inventory

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-0.02

-0.31

0.24

0.04

Modern Plant Based Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															0.01	-	-0.03	-	-

Modern Plant Based Foods 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

Modern Plant Based Foods (XCNQ:MEAT) Change In Inventory Explanation

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

Modern Plant Based Foods's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.025	/	0.155	*	365 / 4
	=	14.72

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

Modern Plant Based Foods's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.155	/	0.025
	=	6.20

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.

Modern Plant Based Foods's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.025	/	0.206
	=	0.12

Modern Plant Based Foods Change In Inventory Related Terms

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Modern Plant Based Foods (XCNQ:MEAT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Change In Inventory

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MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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