Green Scientific Labs Holdings (XCNQ:GSL) Total Inventories : C$0.38 Mil (As of Mar. 2023)

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What is Green Scientific Labs Holdings Total Inventories?

Green Scientific Labs Holdings's total inventories for the quarter that ended in Mar. 2023 was C$0.38 Mil. Green Scientific Labs Holdings's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was C$0.45 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Green Scientific Labs Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was C$-0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Scientific Labs Holdings's Days Inventory for the three months ended in Mar. 2023 was 151.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Green Scientific Labs Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.60.

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. Green Scientific Labs Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.87.

Green Scientific Labs Holdings Total Inventories Historical Data

The historical data trend for Green Scientific Labs Holdings'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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Green Scientific Labs Holdings Total Inventories Chart

Green Scientific Labs Holdings Annual Data

Trend

Apr20

Apr21

Dec22

Total Inventories

0.51

Green Scientific Labs Holdings Quarterly Data
	Jan20	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23
Total Inventories	Get a 7-Day Free Trial							1.14	1.22	1.07	0.51	0.38

Green Scientific Labs Holdings 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.

Green Scientific Labs Holdings (XCNQ:GSL) 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.

Green Scientific Labs Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.097	+	0.75 * 0.185	+	0.5 * 0.384	-	8.585
-	0	-	0)	/	15.4096
=	-0.53

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

Green Scientific Labs Holdings's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	0.448	/	0.27	*	365 / 4
	=	151.41

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

Green Scientific Labs Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	0.27	/	0.448
	=	0.60

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.

Green Scientific Labs Holdings's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	0.448	/	0.516
	=	0.87

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.

Green Scientific Labs Holdings Total Inventories Related Terms

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Green Scientific Labs Holdings (XCNQ:GSL) Business Description

Industry

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Traded in Other Exchanges

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Address

4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314

Website

https://www.greenscientificlabs.com

Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.