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Nate's Food Co (Nate's Food Co) Inventory Turnover : 0.00 (As of Nov. 2023)


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What is Nate's Food Co Inventory Turnover?

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. Nate's Food Co's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.01 Mil. Nate's Food Co's Average Total Inventories for the quarter that ended in Nov. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nate's Food Co's Days Inventory for the three months ended in Nov. 2023 was 0.00.

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.

Nate's Food Co Inventory Turnover Historical Data

The historical data trend for Nate's Food Co'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.

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Nate's Food Co Inventory Turnover Chart

Nate's Food Co Annual Data
Trend Jun10 May14 May15 May16 May17 May18 May20 May21 May22 May23
Inventory Turnover
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Nate's Food Co Quarterly Data
May17 Aug17 Nov17 Feb18 May18 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Nate's Food Co Inventory Turnover Calculation

Nate's Food Co's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

Inventory Turnover (A: May. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: May. 2023 ) / ((Total Inventories (A: May. 2022 ) + Total Inventories (A: May. 2023 )) / count )
=0.055 / ((0 + 0) / 1 )
=0.055 / 0
=N/A

Nate's Food Co's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover (Q: Nov. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Nov. 2023 ) / ((Total Inventories (Q: Aug. 2023 ) + Total Inventories (Q: Nov. 2023 )) / count )
=0.008 / ((0 + 0) / 1 )
=0.008 / 0
=N/A

* 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.

Nate's Food Co  (OTCPK:NHMD) 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.

Nate's Food Co's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Nov. 2023 )/Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=0/0.008*365 / 4
=0.00

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.

Nate's Food Co's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2023 ) / Revenue (Q: Nov. 2023 )
=0 / 0
=

* 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.

Nate's Food Co Inventory Turnover Related Terms

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Nate's Food Co (Nate's Food Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nate's Food Co (OTCPK:NHMD) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
15151 Springdale Street, Huntington Beach, CA, USA, 92649
Website
https://www.natesfoodco.com
Nate's Food Co is a food manufacturing and product company that manufactures, distributes, and sells ready-to-use, pre-mixed pancake and waffle batter. The Company is engaged in Bitcoin Mining which is the process by which Bitcoins are created resulting in new blocks being added to the blockchain and new Bitcoins being issued to the miners. The company sells its products across the United States to a variety of customers through its online store.
Executives
Marc Alan Kassoff director, 10 percent owner, officer: CFO 15061 SPRINGDALE, SUITE 113, HUNTINGTON BEACH CA 92649
Timothy Lynn Denton officer: Sec. 15061 SPRINGDALE, SUITE 113, HUNTINGTON BEACH CA 92649