The Planting Hope Co (TSXV:MYLK) Inventory Turnover : 0.83 (As of Sep. 2023)

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What is The Planting Hope 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. The Planting Hope Co's Cost of Goods Sold for the three months ended in Sep. 2023 was C$1.57 Mil. The Planting Hope Co's Average Total Inventories for the quarter that ended in Sep. 2023 was C$1.89 Mil. The Planting Hope Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Planting Hope Co's Days Inventory for the three months ended in Sep. 2023 was 109.49.

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. The Planting Hope Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.88.

The Planting Hope Co Inventory Turnover Historical Data

The historical data trend for The Planting Hope 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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The Planting Hope Co Inventory Turnover Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Inventory Turnover

1.80

4.12

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial					0.71	0.89	0.59	-	0.83

The Planting Hope Co Inventory Turnover Calculation

The Planting Hope Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	9.124	/ (	(0.892	+	3.538)	/	2 )
=	9.124	/	2.215
=	4.12

The Planting Hope Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1.571	/ (	(0	+	1.885)	/	1 )
=	1.571	/	1.885
=	0.83

The Planting Hope Co (TSXV:MYLK) 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.

The Planting Hope Co's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.885	/	1.571	*	365 / 4
	=	109.49

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.

The Planting Hope Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.885	/	2.154
	=	0.88

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.

The Planting Hope Co Inventory Turnover Related Terms

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The Planting Hope Co (TSXV:MYLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (TSXV:MYLK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MYLKF:USA J94:Germany

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.

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