Medicine Man Technologies Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Medicine Man Technologies Inc inventory turnover ratio, the Medicine Man Technologies Inc 's ability to sell and replace its inventory in the fourth quarter 2023, sequentially increased to 3.21 in the fourth quarter 2023, yet the ratio remained below the average, as MDCL's market remain challenging.Average inventory processing period, for the Medicine Man Technologies Inc in Dec 31 2023 quarter, has decreased to 114 days, compare to 139 days, in the Sep 30 2023 quarter.

Within Services sector 156 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 625 in the third quarter 2023, to 659.

MDCL Inventory Turnover Ratio using Sales Formula
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What is Inventory Turnover Ratio?

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MDCL Inventory Turnover Ratio	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Inventory Growth	14.34 %	53.92 %	74.56 %	56.14 %	102.79 %
Y / Y Cost of Sales Growth	111.29 %	48.88 %	-10.53 %	-20 %	19.5 %
Inventory Turnover Ratio (TTM)	3.21	2.63	2.6	3.12	3.68
MDCL's Total Ranking	# 659	# 625	# 397	# 522	#
Average inventory processing period	114	139	140	117	99
Seq. Inventory Growth	-21.3 %	-3.11 %	32.23 %	13.4 %	5.94 %
Seq. Cost of Sales Growth	43.39 %	48.88 %	6.25 %	-6.85 %	1.04 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Consulting Services Industry	# 5
Services Sector	# 157
Overall Market	# 659

Inventory Turnover Ratio Statistics
High	Average	Low
14.4	5.72	0.71
(Mar 31 2020)		(Sep 30 2016)

MDCL Company Profile >> Back to MDCL Efficiency Comparisons >> Compare MDCL Inventory Turnover Ratio to its Competitors

Financial Statements
Medicine Man Technologies Inc 's Inventories	$ 26 Millions	Visit MDCL's Balance sheet
Medicine Man Technologies Inc 's Cost of Revenues TTM	$ 95 Millions	Visit MDCL's Income Statement
What are MDCL's Sales?		Visit MDCL's Sales by Segment

Other Inventory Turnover Ratios
Medicine Man Technologies Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Consulting Services Industry Inventory Turnover Trends and Statistics
Services Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
MDCL's Inventory Turnover Ratio versus Consulting Services Industry, Services Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for MDCL's Competitors
Inventory Turnover Ratio for MDCL's Suppliers
Inventory Turnover Ratio for MDCL's Customers

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MDCL's Sales Growth Rates	MDCL's Pe Price to earnings ratio	MDCL's Receivables Turnover Ratio	MDCL's Stock Quote
MDCL's Net Income Growth Rates	MDCL's Ps Price to Sales ratio	MDCL's Sales per Employee	MDCL's Asset Turnover Ratio
MDCL's Net Margin	MDCL's Pb Price to Book ratio	MDCL's Financial Strength Ratios	MDCL's Dividend Payout Ratio

Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Services Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Dec 31 2023	Inventories at quarter ending Dec 31 2023
Agiliti Inc De	10.06	$ 770.501 Millions	$ 77 Millions
Adm Endeavors Inc	9.75	$ 3.682 Millions	$ 0 Millions
Cincinnati Bell Inc	9.57	$ 1,008.300 Millions	$ 105 Millions
Teekay Tankers Ltd	8.91	$ 474.371 Millions	$ 53 Millions
Graham Holdings Co	8.09	$ 2,187.512 Millions	$ 270 Millions
Exceed World Inc	7.89	$ 12.431 Millions	$ 2 Millions
Dave and Buster s Entertainment Inc	7.83	$ 337.000 Millions	$ 43 Millions
Vivid Seats Inc	7.69	$ 182.184 Millions	$ 24 Millions
China Liberal Education Holdings Limited	7.38	$ 1.235 Millions	$ 0 Millions
T mobile Us Inc	7.20	$ 11,655.000 Millions	$ 1,619 Millions
Rocky Mountain Industrials Inc	7.16	$ 0.644 Millions	$ 0 Millions
Remark Holdings Inc	7.13	$ 3.323 Millions	$ 0 Millions
Surgepays Inc	7.10	$ 101.499 Millions	$ 14 Millions
Nextplat Corp	7.07	$ 25.371 Millions	$ 4 Millions
Yum China Holdings Inc	6.81	$ 2,752.000 Millions	$ 404 Millions
Cracker Barrel Old Country Store inc	5.78	$ 1,089.932 Millions	$ 189 Millions
Telephone And Data Systems Inc	5.68	$ 1,240.000 Millions	$ 219 Millions
Rb Global Inc	5.54	$ 1,007.600 Millions	$ 182 Millions
Limitless X Holdings Inc.	5.44	$ 4.672 Millions	$ 1 Millions
Global Industrial Company	5.28	$ 838.500 Millions	$ 159 Millions
Offerpad Solutions Inc	5.24	$ 1,244.000 Millions	$ 237 Millions
Brightstar Lottery Plc	5.14	$ 1,630.000 Millions	$ 317 Millions
Studio City International Holdings Limited	5.01	$ 28.847 Millions	$ 6 Millions
H and e Equipment Services Inc	4.92	$ 784.755 Millions	$ 159 Millions
Ashford Inc	4.81	$ 11.666 Millions	$ 2 Millions
Globalstar Inc	4.50	$ 53.499 Millions	$ 12 Millions
Allegion Plc	4.44	$ 2,069.300 Millions	$ 466 Millions
Evi Industries Inc	4.43	$ 261.197 Millions	$ 59 Millions
Mrc Global Inc	4.31	$ 2,722.000 Millions	$ 632 Millions
1847 Holdings Llc	4.25	$ 45.139 Millions	$ 11 Millions

Date modified: 2026-08-31T04:25:24+00:00

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