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Acer Therapeutics's total inventories for the quarter that ended in Jun. 2023 was $4.60 Mil. Acer Therapeutics's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Jun. 2023 was $2.51 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Acer Therapeutics's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-1.80.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Inventory Turnover measures how fast the company turns over its inventory within a year. Acer Therapeutics's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.00.
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.
The historical data trend for Acer Therapeutics'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.
Acer Therapeutics Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Acer Therapeutics Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | 0.41 | 4.60 |
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.
Acer Therapeutics (OTCPK:ACER) 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.
Acer Therapeutics's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is
Net-Net Working Capital Per Share (Q: Jun. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (1.553 | + | 0.75 * 0 | + | 0.5 * 4.601 | - | 47.894 |
- | 0 | - | 0) | / | 24.4637 | ||
= | -1.80 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Acer Therapeutics's Days Inventory for the three months ended in Jun. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2023 ) | / | Cost of Goods Sold (Q: Jun. 2023 ) | * | Days in Period |
= | 2.5065 | / | 0 | * | 365 / 4 | |
= |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Acer Therapeutics's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2023 ) | / | Average Total Inventories (Q: Jun. 2023 ) |
= | 0 | / | 2.5065 | |
= | 0.00 |
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.
Acer Therapeutics's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2023 ) | / | Revenue (Q: Jun. 2023 ) |
= | 2.5065 | / | 0 | |
= |
* 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.
Thank you for viewing the detailed overview of Acer Therapeutics's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Chris Schelling | director, officer: President and Chief Executive | C/O ACER THERAPEUTICS INC., 222 THIRD STREET, CAMBRIDGE MA 02142 |
Steve Aselage | director | 6300 DUMBARTON CIRCLE, FREMONT CA 94555 |
Tanya Hayden | officer: Chief Operating Officer | 300 WASHINGTON STREET, ONE GATEWAY CENTER, SUITE 351, NEWTON MA 02458 |
Adrian W Quartel | officer: Chief Medical Officer | 300 WASHINGTON STREET, ONE GATEWAY CENTER, SUITE 351, NEWTON MA 02458 |
Bernard H Paul | officer: Chief People Officer | 300 WASHINGTON STREET, ONE GATEWAY CENTER, SUITE 351, NEWTON MA 02458 |
Jefferson E Davis | officer: Chief Business Officer | 300 WASHINGTON STREET, ONE GATEWAY CENTER, SUITE 351, NEWTON MA 02458 |
John Michael Dunn | director | C/O VITAL THERAPIES, INC., 15010 AVENUE OF SCIENCE, SUITE 200, SAN DIEGO CA 92128 |
Donald Joseph | officer: Chief Legal Officer and Secy | C/O KALOBIOS PHARMACEUTICALS, INC., 260 EAST GRAND AVENUE, SOUTH SAN FRANCISCO CA 94080 |
John Michael Klopp | officer: Chief Technology Officer | ONE GATEWAY CENTER, SUITE 351, 300 WASHINGTON STREET, NEWTON MA 02458 |
Matthew Seibt | officer: Chief Commercial Officer | ONE GATEWAY CENTER, SUITE 351, 300 WASHINGTON STREET, NEWTON MA 02458 |
Michelle Renee Griffin | director | 19723 NE 65TH LANE, KIRKLAND WA 98033 |
Harry S Palmin | officer: Chief Opp. and Financial Offr | C/O NOVELOS THERAPUETICS, INC., ONE GATEWAY CENTER,SUITE 504, NEWTON MA 02458 |
William T. Andrews | officer: Chief Medical Officer | ONE MAIN STREET, SUITE 800, CAMBRIDGE MA 02142 |
Jason Amello | director | 500 KENDALL STREET, CAMBRIDGE MA 01824 |
Salma Jutt-eghbali | officer: Chief Commercial Officer | ONE GATEWAY CENTER, SUITE 351, 300 WASHINGTON STREET, NEWTON MA 02458 |
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