Body and Mind (XCNQ:BAMM) Total Inventories : C$0.86 Mil (As of Jan. 2024)

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What is Body and Mind Total Inventories?

Body and Mind's total inventories for the quarter that ended in Jan. 2024 was C$0.86 Mil. Body and Mind's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was C$1.87 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Body and Mind's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was C$-0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Body and Mind's Days Inventory for the three months ended in Jan. 2024 was 52.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Body and Mind's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.72.

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. Body and Mind's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.32.

Body and Mind Total Inventories Historical Data

The historical data trend for Body and Mind'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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Body and Mind Total Inventories Chart

Body and Mind Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Total Inventories

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1.82

2.39

3.68

4.61

3.05

Body and Mind Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															3.76	3.66	3.05	2.89	0.86

Body and Mind 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.

Body and Mind (XCNQ:BAMM) 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.

Body and Mind's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.953	+	0.75 * 0.046	+	0.5 * 0.864	-	37.273
-	0	-	1.477)	/	144.986
=	-0.25

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

Body and Mind's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	1.8745	/	3.231	*	365 / 4
	=	52.94

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

Body and Mind's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	3.231	/	1.8745
	=	1.72

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.

Body and Mind's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1.8745	/	5.945
	=	0.32

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.

Body and Mind Total Inventories Related Terms

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Body and Mind (XCNQ:BAMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Body and Mind Inc (XCNQ:BAMM) » Definitions » Total Inventories

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Traded in Other Exchanges

BMMJ:USA

Address

750-1095 West Pender Street, Vancouver, BC, CAN, V6E 2M6

Website

https://www.bodyandmind.com

Body and Mind Inc is a multi-state cannabis operator, which has retail, distribution, cultivation, and/or processing operations in Nevada, California, Arkansas, Ohio and Illinois. It has developed the marquis lifestyle Body and Mind brand in Nevada with penetration into dispensaries and has expanded its brand and products to dispensaries in California. The Body and Mind brand appeals to a wide range of cannabis consumers with products including flowers, oils, extracts (wax, live resin, ambrosia), and edibles. The Company Operates in Three segments; Wholesale, Retail, and All others. The Majority of revenue is derived from the Retail segment.

Executives

Darren Tindale

Senior Officer

Body and Mind (XCNQ:BAMM) Headlines

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