CLS Holdings USA (XCNQ:CLSH) Total Inventories : C$3.22 Mil (As of Feb. 2024)

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What is CLS Holdings USA Total Inventories?

CLS Holdings USA's total inventories for the quarter that ended in Feb. 2024 was C$3.22 Mil. CLS Holdings USA's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was C$3.42 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CLS Holdings USA's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was C$-0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CLS Holdings USA's Days Inventory for the three months ended in Feb. 2024 was 82.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. CLS Holdings USA's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.10.

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. CLS Holdings USA's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.51.

CLS Holdings USA Total Inventories Historical Data

The historical data trend for CLS Holdings USA'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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CLS Holdings USA Total Inventories Chart

CLS Holdings USA Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Inventories

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1.01

0.80

1.49

4.40

4.07

CLS Holdings USA Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															5.85	4.07	4.11	3.62	3.22

CLS Holdings USA 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.

CLS Holdings USA (XCNQ:CLSH) 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.

CLS Holdings USA's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.944	+	0.75 * 1.288	+	0.5 * 3.221	-	27.871
-	0	-	-1.538)	/	137.675
=	-0.17

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

CLS Holdings USA's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	3.421	/	3.779	*	365 / 4
	=	82.61

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

CLS Holdings USA's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	3.779	/	3.421
	=	1.10

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.

CLS Holdings USA's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	3.421	/	6.65
	=	0.51

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.

CLS Holdings USA Total Inventories Related Terms

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CLS Holdings USA (XCNQ:CLSH) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CLS Holdings USA Inc (XCNQ:CLSH) » Definitions » Total Inventories

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CLSH:USA

Address

1800 Industrial Road, Suite 100, Las Vegas, NV, USA, 89102

Website

https://www.clsholdingsinc.com

CLS Holdings USA Inc is a diversified cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada and plans to expand to other states. CLS stands for Cannabis Life Sciences in recognition of the company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services. The company generates the majority of its revenues and corresponding accounts receivable from the sale of cannabis, and cannabis related products.