CUBXF (CubicFarm Systems) Change In Inventory : $-2.38 Mil (TTM As of Sep. 2024)

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What is CubicFarm Systems Change In Inventory?

CubicFarm Systems's change in inventory for the quarter that ended in Sep. 2024 was $0.04 Mil. It means CubicFarm Systems's inventory declined by $0.04 Mil from Jun. 2024 to Sep. 2024 .

CubicFarm Systems's change in inventory for the fiscal year that ended in Dec. 2023 was $0.63 Mil. It means CubicFarm Systems's inventory declined by $0.63 Mil from Dec. 2022 to Dec. 2023 .

CubicFarm Systems's Total Inventories for the quarter that ended in Sep. 2024 was $6.78 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CubicFarm Systems's Days Inventory for the quarter that ended in Sep. 2024 was 38,567.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. CubicFarm Systems's Inventory Turnover for the quarter that ended in Sep. 2024 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. CubicFarm Systems's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 161.01.

CubicFarm Systems Change In Inventory Historical Data

The historical data trend for CubicFarm Systems's Change In Inventory 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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CubicFarm Systems Change In Inventory Chart

CubicFarm Systems Annual Data

Trend

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Change In Inventory

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-0.17

-1.44

-2.80

-1.54

0.63

CubicFarm Systems Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-0.33	-2.16	0.08	-0.34	0.04

CubicFarm Systems Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.38 Mil.

CubicFarm Systems (OTCPK:CUBXF) Change In Inventory Explanation

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

CubicFarm Systems's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.7625	/	0.016	*	365 / 4
	=	38,567.38

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

CubicFarm Systems's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.016	/	6.7625
	=	0.00

3. 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.

CubicFarm Systems's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.7625	/	0.042
	=	161.01

CubicFarm Systems Change In Inventory Related Terms

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CubicFarm Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CubicFarm Systems Corp (OTCPK:CUBXF) » Definitions » Change In Inventory

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7CU:Germany CUB:Canada

Address

7170 Glover Road, Langley, BC, CAN, V2Y 2R1

Website

https://www.cubicfarms.com

CubicFarm Systems Corp is an ag-tech company providing automated growing systems for fresh produce and animal feed using HydroGreen Nutrition Technology. It offers turnkey, commercial scale, hydroponic, localized food supply solutions and automated controlled-environment growing systems that can grow predictably and sustainably anywhere on earth. The company enables its customers to grow locally and provide their markets with safe, sustainable, secure, and fresh ingredients that are consistent in color, size, taste, and nutrition, allowing for longer shelf life. The Company has patented technology for auto harvesting and processing methods for growing leafy greens and other crops onsite, indoors, all year round.