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Indoor Harvest's total inventories for the quarter that ended in Sep. 2023 was $0.00 Mil. Indoor Harvest's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.00 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Indoor Harvest's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.00.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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 historical data trend for Indoor Harvest'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.
Indoor Harvest Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Indoor Harvest 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 | - | - | - | - | - |
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.
Indoor Harvest (OTCPK:INQD) 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.
Indoor Harvest'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) | ||
= | (0.007 | + | 0.75 * 0 | + | 0.5 * 0 | - | 0.886 |
- | 0 | - | 0) | / | 2831.67 | ||
= | -0.00 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Indoor Harvest'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 |
= | 0 | / | 0 | * | 365 / 4 | |
= |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Indoor Harvest'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 ) |
= | 0 | / | 0 | |
= | N/A |
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.
Indoor Harvest'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 ) |
= | 0 | / | 0 | |
= |
* 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.
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.
Thank you for viewing the detailed overview of Indoor Harvest's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel Patrick Weadock | director, officer: Chief Executive Officer | C/O INDOOR HARVEST CORP, 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020 |
Benjamin Godoy Coleman | 10 percent owner | 8518 PEGASUS DR, SELMA TX 78154 |
Lang Coleman | director | 8518 PEGASUS DR, SELMA TX 78154 |
Sandra Fowler | officer: Chief Marketing Officer | C/O INDOOR HARVEST CORP., 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020 |
Sykes Chad Colin | director, 10 percent owner, officer: CEO | 14830 FOREST LODGE DR., HOUSTON TX 77070 |
Pawel Hardej | director | 6304 INDIAN CANYON DR., AUSTIN TX 78746 |
William Jamieson | director | PO BOX 47700, PHOENIX AZ 85068 |
John Alexander Zimmerman | director | 10258 TIMBER TRAIL DR., DALLAS TX 75229 |
John Choo | director, officer: President | 4 NANAIMO DR., OTTAWA A6 K2H 6X5 |
Annette Lee Knebel | director, officer: Chief Accounting Officer | C/O INDOOR HARVEST CORP., 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020 |
Richard A. Gutshall | director, officer: Interim CEO and CFO | 7716 ORISHA DRIVE, AUSTIN TX 78739 |
John Irving Seckman | director | P.O BOX 3009, IDAHO SPRINGS CO 80452 |
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