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Frequency Exchange (TSXV:FREQ) Total Inventories : C$0.14 Mil (As of Sep. 2023)


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What is Frequency Exchange Total Inventories?

Frequency Exchange's total inventories for the quarter that ended in Sep. 2023 was C$0.14 Mil. Frequency Exchange's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was C$0.15 Mil.

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

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Frequency Exchange's Days Inventory for the three months ended in Sep. 2023 was 294.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Frequency Exchange's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.31.

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. Frequency Exchange's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.91.


Frequency Exchange Total Inventories Historical Data

The historical data trend for Frequency Exchange'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.

* Premium members only.

Frequency Exchange Total Inventories Chart

Frequency Exchange Annual Data
Trend Oct20 Oct21 Dec22
Total Inventories
- - 0.20

Frequency Exchange Quarterly Data
Oct20 Jan21 Oct21 Jan22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.20 0.18 0.15 0.14

Frequency Exchange 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.


Frequency Exchange  (TSXV:FREQ) 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.

Frequency Exchange'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)
=(0.291+0.75 * 0.004+0.5 * 0.139-0.805
-0-0)/41.5177
=-0.01

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

Frequency Exchange'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
=0.145/0.045*365 / 4
=294.03

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

Frequency Exchange'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 )
=0.045 / 0.145
=0.31

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.

Frequency Exchange'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 )
=0.145 / 0.159
=0.91

* 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.


Frequency Exchange Total Inventories Related Terms

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Frequency Exchange (TSXV:FREQ) Business Description

Traded in Other Exchanges
N/A
Address
1055 West Georgia Street, Suite 2050, PO Box 11121, Vancouver, BC, CAN, V6E 3P3
Frequency Exchange Corp is focused on the development and global commercialization of a wearable Frequency Delivery System providing specialized programs designed for health and wellness as well as performance enhancement.
Executives
Stephen Davis 10% Security Holder, Director, Senior Officer