GLG Life Tech (GLG Life Tech) Total Inventories : $1.89 Mil (As of Sep. 2023)

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What is GLG Life Tech Total Inventories?

GLG Life Tech's total inventories for the quarter that ended in Sep. 2023 was $1.89 Mil. GLG Life Tech's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $2.06 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GLG Life Tech's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-4.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GLG Life Tech's Days Inventory for the three months ended in Sep. 2023 was 159.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. GLG Life Tech's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.57.

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. GLG Life Tech's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.17.

GLG Life Tech Total Inventories Historical Data

The historical data trend for GLG Life Tech'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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GLG Life Tech Total Inventories Chart

GLG Life Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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3.90

3.76

2.85

2.25

1.64

GLG Life Tech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															1.79	1.64	2.37	2.23	1.89

GLG Life Tech 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.

GLG Life Tech (OTCPK:GLGLF) 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.

GLG Life Tech's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.304	+	0.75 * 1.556	+	0.5 * 1.89	-	156.738
-	0	-	-0.859)	/	38.3942
=	-4.00

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

GLG Life Tech'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
	=	2.0575	/	1.176	*	365 / 4
	=	159.65

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

GLG Life Tech's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	1.176	/	2.0575
	=	0.57

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.

GLG Life Tech'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 )
	=	2.0575	/	1.764
	=	1.17

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.

GLG Life Tech Total Inventories Related Terms

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GLG Life Tech (GLG Life Tech) Business Description

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GLG:Canada

Address

10271 Shellbridge Way, Suite 100, Richmond, BC, CAN, V6X 2W8

Website

https://www.glglifetech.com

GLG Life Tech Corp is engaged in the manufacturing and sales of refined forms of stevia and monk fruit. It operates through a single segment of Natural Sweeteners Products. Some of its brands are RebPure, TasteBoost, BevSweet, BakeZeroCal, and GoZero. The company's geographical segments are China and North America, of which the majority of its revenue comes from the North America.