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Bitcoin Well (Bitcoin Well) Total Inventories : $0.44 Mil (As of Dec. 2023)


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What is Bitcoin Well Total Inventories?

Bitcoin Well's total inventories for the quarter that ended in Dec. 2023 was $0.44 Mil. Bitcoin Well's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.34 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Bitcoin Well's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bitcoin Well's Days Inventory for the three months ended in Dec. 2023 was 3.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bitcoin Well's Inventory Turnover for the quarter that ended in Dec. 2023 was 26.90.

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. Bitcoin Well's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Bitcoin Well Total Inventories Historical Data

The historical data trend for Bitcoin Well'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.

Bitcoin Well Total Inventories Chart

Bitcoin Well Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
0.07 3.85 0.29 0.52 0.44

Bitcoin Well Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.52 0.36 0.36 0.23 0.44

Bitcoin Well 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.

Bitcoin Well  (OTCPK:BCNWF) 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.

Bitcoin Well's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(8.866+0.75 * 0.426+0.5 * 0.443-17.932
-0-0)/198.827
=-0.04

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

Bitcoin Well's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0.337/9.066*365 / 4
=3.39

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

Bitcoin Well's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=9.066 / 0.337
=26.90

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.

Bitcoin Well's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0.337 / 10.13
=0.03

* 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.

Bitcoin Well Total Inventories Related Terms

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Bitcoin Well (Bitcoin Well) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Well Inc (OTCPK:BCNWF) » Definitions » Total Inventories
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Traded in Other Exchanges
BTCW:Canada
Address
10142 82 Avenue NW, Suite 1900, Edmonton, AB, CAN, T6E 1Z4
Website
https://www.bitcoinwell.com
Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services.