Coho Collective Kitchens (TSXV:COHO) Inventory Turnover : 4.31 (As of Dec. 2023)

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What is Coho Collective Kitchens 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. Coho Collective Kitchens's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.88 Mil. Coho Collective Kitchens's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.21 Mil. Coho Collective Kitchens's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coho Collective Kitchens's Days Inventory for the three months ended in Dec. 2023 was 21.16.

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. Coho Collective Kitchens's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Coho Collective Kitchens Inventory Turnover Historical Data

The historical data trend for Coho Collective Kitchens'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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Coho Collective Kitchens Inventory Turnover Chart

Coho Collective Kitchens Annual Data

Trend

Mar22

Mar23

Inventory Turnover

Coho Collective Kitchens Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						-	-	-	1.39	4.31

Coho Collective Kitchens Inventory Turnover Calculation

Coho Collective Kitchens's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.344	/ (	(0	+	0)	/	1 )
=	0.344	/	0
=	N/A

Coho Collective Kitchens's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.884	/ (	(0.205	+	0.205)	/	2 )
=	0.884	/	0.205
=	4.31

Coho Collective Kitchens (TSXV:COHO) 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.

Coho Collective Kitchens's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.205	/	0.884	*	365 / 4
	=	21.16

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.

Coho Collective Kitchens's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.205	/	4.13
	=	0.05

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.

Coho Collective Kitchens Inventory Turnover Related Terms

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Coho Collective Kitchens (TSXV:COHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Coho Collective Kitchens Inc (TSXV:COHO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1370 E. Georgia Street, Vancouver, BC, CAN, V5L 2A8

Website

https://www.cohocommissary.com

Coho Collective Kitchens Inc engages in the provision of Commercial Commissary Kitchens and the rental of these kitchens to food-based businesses in Canada. The company currently offers its services and sells its products through three main channels, commissary operations, the hospitality food service establishment (Cafe), and the e-commerce food delivery platform, CohoMarket.ca (Coho Market).

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