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Odd Burger (TSXV:ODD) Total Inventories : C$0.19 Mil (As of Dec. 2023)


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What is Odd Burger Total Inventories?

Odd Burger's total inventories for the quarter that ended in Dec. 2023 was C$0.19 Mil. Odd Burger's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$0.20 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Odd Burger's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Odd Burger's Days Inventory for the three months ended in Dec. 2023 was 37.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Odd Burger's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.44.

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. Odd Burger's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Odd Burger Total Inventories Historical Data

The historical data trend for Odd Burger'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.

Odd Burger Total Inventories Chart

Odd Burger Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Total Inventories
0.07 0.14 0.23 0.21

Odd Burger Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.22 0.26 0.21 0.19

Odd Burger 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.

Odd Burger  (TSXV:ODD) 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.

Odd Burger's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.054+0.75 * 0.034+0.5 * 0.189-6.532
-0-0)/91.4194
=-0.07

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

Odd Burger's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0.2005/0.489*365 / 4
=37.41

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

Odd Burger's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=0.489 / 0.2005
=2.44

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.

Odd Burger's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0.2005 / 0.734
=0.27

* 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.

Odd Burger Total Inventories Related Terms

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Odd Burger (TSXV:ODD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Odd Burger Corp (TSXV:ODD) » Definitions » Total Inventories
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Traded in Other Exchanges
ODDAF:USA IA9:Germany
Address
505 Consortium Court, London, ON, CAN, N6E 2S8
Website
https://www.oddburger.com
Odd Burger Corp is a plant-based food technology company that manufactures and distributes plant-based protein and dairy alternatives using locally sourced and sustainable ingredients. It distributes its products through a proprietary food service line to company-owned and franchised fast-food restaurant locations. Its restaurant locations operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. The company operates a manufacturing facility and has restaurant locations in Canada.