BIGG Digital Assets (BIGG Digital Assets) Total Inventories : $46.81 Mil (As of Sep. 2023)

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What is BIGG Digital Assets Total Inventories?

BIGG Digital Assets's total inventories for the quarter that ended in Sep. 2023 was $46.81 Mil. BIGG Digital Assets's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was $47.20 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. BIGG Digital Assets's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BIGG Digital Assets's Days Inventory for the three months ended in Sep. 2023 was 2,739.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. BIGG Digital Assets's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.03.

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. BIGG Digital Assets's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 44.40.

BIGG Digital Assets Total Inventories Historical Data

The historical data trend for BIGG Digital Assets'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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BIGG Digital Assets Total Inventories Chart

BIGG Digital Assets Annual Data

Trend

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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0.39

7.59

72.16

29.14

BIGG Digital Assets Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															33.16	39.80	29.14	47.58	46.81

BIGG Digital Assets 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.

BIGG Digital Assets (OTCPK:BBKCF) 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.

BIGG Digital Assets's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.996	+	0.75 * 0.71	+	0.5 * 46.809	-	48.42
-	0	-	0)	/	318.016
=	-0.06

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

BIGG Digital Assets's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	47.196	/	1.572	*	365 / 4
	=	2,739.59

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

BIGG Digital Assets's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	1.572	/	47.196
	=	0.03

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.

BIGG Digital Assets's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	47.196	/	1.063
	=	44.40

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.

BIGG Digital Assets Total Inventories Related Terms

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BIGG Digital Assets (BIGG Digital Assets) Business Description

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Address

1130 West Pender Street, Suite 1220, Vancouver, BC, CAN, V6E 4A4

Website

https://www.biggdigitalassets.com

BIGG Digital Assets Inc is engaged in investing in products and companies within the cryptocurrency industry. It has two operating divisions which provide blockchain search products to large enterprises with significant data requirements in the financial and e-commerce sectors globally, and brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. The company operates two business segments: Blockchain Technology Development and Digital Currency Sales via the Netcoins App.