American Green (American Green) Total Inventories : $0.03 Mil (As of Jun. 2023)

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What is American Green Total Inventories?

American Green's total inventories for the quarter that ended in Jun. 2023 was $0.03 Mil. American Green's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Jun. 2023 was $0.02 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. American Green's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Green's Days Inventory for the six months ended in Jun. 2023 was 2.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. American Green's Inventory Turnover for the quarter that ended in Jun. 2023 was 61.81.

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. American Green's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

American Green Total Inventories Historical Data

The historical data trend for American Green's Total Inventories 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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American Green Total Inventories Chart

American Green Annual Data

Trend

Jun22

Jun23

Total Inventories

0.03

American Green Semi-Annual Data
	Jun22	Jun23
Total Inventories	-	0.03

American Green Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

American Green (OTCPK:ERBB) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

American Green's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.014	+	0.75 * 0	+	0.5 * 0.032	-	24.326
-	0	-	0)	/	4282.26
=	-0.01

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

American Green's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.016	/	0.989	*	365 / 2
	=	2.95

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

American Green's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	0.989	/	0.016
	=	61.81

4. 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.

American Green's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.016	/	3.793
	=	0.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

American Green Total Inventories Related Terms

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American Green (American Green) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » American Green Inc (OTCPK:ERBB) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

30 N Gould Street, Suite R, Sheridan, WY, USA, 82801

Website

https://www.americangreen.com

American Green Inc is a technology company in the medical cannabis industry. It is involved in the business of developing a cultivation facility in Phoenix Arizona for medical marijuana and also owns proprietary dispensing machines and all rights to a line of health supplements.