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FintechWerx International Software Services (XCNQ:WERX) Total Inventories : C$0.00 Mil (As of Oct. 2023)


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What is FintechWerx International Software Services Total Inventories?

FintechWerx International Software Services's total inventories for the quarter that ended in Oct. 2023 was C$0.00 Mil. FintechWerx International Software Services's average total inventories from the quarter that ended in Jul. 2023 to the quarter that ended in Oct. 2023 was C$0.00 Mil.

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

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FintechWerx International Software Services's Days Inventory for the three months ended in Oct. 2023 was 0.00.

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. FintechWerx International Software Services's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.00.

FintechWerx International Software Services Total Inventories Historical Data

The historical data trend for FintechWerx International Software Services'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.

FintechWerx International Software Services Total Inventories Chart

FintechWerx International Software Services Annual Data
Trend Apr23
Total Inventories
-

FintechWerx International Software Services Quarterly Data
Jul23 Oct23
Total Inventories - -

FintechWerx International Software Services 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.

FintechWerx International Software Services  (XCNQ:WERX) 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.

FintechWerx International Software Services's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is

Net-Net Working Capital Per Share (Q: Oct. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.571+0.75 * 0+0.5 * 0-0.171
-0-0)/32.3541
=0.01

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

FintechWerx International Software Services's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Oct. 2023 )/Cost of Goods Sold (Q: Oct. 2023 )*Days in Period
=0/0.055*365 / 4
=0.00

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

FintechWerx International Software Services's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Oct. 2023 ) / Average Total Inventories (Q: Oct. 2023 )
=0.055 / 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.

FintechWerx International Software Services's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Oct. 2023 ) / Revenue (Q: Oct. 2023 )
=0 / 0.042
=0.00

* 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.

FintechWerx International Software Services Total Inventories Related Terms

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FintechWerx International Software Services (XCNQ:WERX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » FintechWerx International Software Services Inc (XCNQ:WERX) » Definitions » Total Inventories
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Traded in Other Exchanges
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Address
750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7
Website
https://www.fintechwerx.com
FintechWerx International Software Services Inc is an e-commerce technology company. The Company is engaged in delivering enrollment, automated identity verification, payment solutions, and data management services. The FintechWerx Platform is a combination of both licensed and proprietary software together the Technology Stack that provides a single comprehensive, suite of services for small to medium sized enterprises.

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