XXII (22nd Century Group) Change In Inventory : $3.26 Mil (TTM As of Sep. 2024)

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What is 22nd Century Group Change In Inventory?

22nd Century Group's change in inventory for the quarter that ended in Sep. 2024 was $0.32 Mil. It means 22nd Century Group's inventory declined by $0.32 Mil from Jun. 2024 to Sep. 2024 .

22nd Century Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-5.93 Mil. It means 22nd Century Group's inventory increased by $5.93 Mil from Dec. 2022 to Dec. 2023 .

22nd Century Group's Total Inventories for the quarter that ended in Sep. 2024 was $2.34 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 22nd Century Group's Days Inventory for the quarter that ended in Sep. 2024 was 73.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. 22nd Century Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.24.

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. 22nd Century Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.00.

22nd Century Group Change In Inventory Historical Data

The historical data trend for 22nd Century Group'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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22nd Century Group Change In Inventory Chart

22nd Century Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.21

-0.29

-1.16

-8.79

-5.93

22nd Century Group 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															-3.32	1.68	1.03	0.23	0.32

22nd Century Group 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 $3.26 Mil.

22nd Century Group (NAS:XXII) Change In Inventory Explanation

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

22nd Century Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.502	/	3.102	*	365 / 4
	=	73.60

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

22nd Century Group's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.102	/	2.502
	=	1.24

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.

22nd Century Group's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.502	/	2.514
	=	1.00

22nd Century Group Change In Inventory Related Terms

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22nd Century Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » 22nd Century Group Inc (NAS:XXII) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

321 Farmington Road, Mocksville, NC, USA, 27028

Website

https://www.xxiicentury.com

22nd Century Group Inc is a United States-based biotechnology company focused on utilizing alkaloid plant technologies to improve health and wellness with reduced nicotine tobacco, and hemp/cannabis. It has one operating segment; The tobacco segment is engaged in commercializing its proprietary VLNC tobacco plants and cigarette products, which contain nicotine than conventional tobacco and cigarettes, and research cigarettes sold under the brand name SPECTRUM. It derives a majority of its revenue from the tobacco segment.

Executives

Andrew Arno	director	C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108
James A Mish	director, officer: Chief Executive Officer	8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221
John Franzino	officer: Chief Administrative Officer	8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221
Peter Ferola	officer: Chief Legal Officer	BIOTELEMETRY, INC., 1000 CEDAR HOLLOW ROAD, #102, MALVERN PA 19355
John J Miller	officer: President, Tobacco	500 SENECA STREET, SUITE 507, BUFFALO NY 14204
Lucille S Salhany	director	C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304
Michael Zercher	officer: Chief Operating Officer	8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221
Robert Hugh Kinsman	officer: Chief Financial Officer	500 SENECA STREET, SUITE 507, BUFFALO NY 14204
Clifford B Fleet	director	6601 WEST BROAD STREET, RICHMOND VA 23230
Richard F Fitzgerald	officer: Chief Financial Officer	C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473
Anthony L. Johnson	director	C/O 22ND CENTURY GROUP, INC., 500 SENECA STREET, SUITE 507, BUFFALO NY 14204
Richard M. Sanders	director	1119 PIEDRA RONDO, SANTA FE NM 87501
Roger D O'brien	director	C/O 22ND CENTURY GROUP, INC., 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221
Michael Koganov	director	8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221
Nora B Sullivan	director	C/O RAND CAPITAL CORP, 2200 RAND BLDG, BUFFALO NY 14203