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Above Food Ingredients's total inventories for the quarter that ended in Jul. 2024 was $6.4 Mil. Above Food Ingredients's average total inventories from the quarter that ended in Jan. 2024 to the quarter that ended in Jul. 2024 was $12.9 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Above Food Ingredients's Net-Net Working Capital per share for the quarter that ended in Jul. 2024 was $-5.48.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Above Food Ingredients's Days Inventory for the
six
months ended in Jul. 2024 was 34.20.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Above Food Ingredients's Inventory Turnover for the quarter that ended in Jul. 2024 was 5.34.
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.
Above Food Ingredients's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.20.
Above Food Ingredients (OTCPK:ABVEF) 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.
Above Food Ingredients's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2024 is
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.
Above Food Ingredients's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as
* 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.
Above Food Ingredients Total Inventories Related Terms
Above Food Ingredients Total Inventories Historical Data
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The historical data trend for Above Food Ingredients'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.
Above Food Ingredients 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.
Above Food Ingredients (ABVEF) has a Total Inventories of $6.4 Mil as of Jul. 2024. The total amount of inventory as recorded on a company's balance sheet. View historical data for Above Food Ingredients and its competitors.
Is Above Food Ingredients' Total Inventories too high?
Above Food Ingredients' current Total Inventories is $6.4 Mil. Overall, Above Food Ingredients has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Above Food Ingredients' Total Inventories compare to CTGL and NATR?
Above Food Ingredients' Total Inventories of $6.4 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Consumer Packaged Goods company?
A good Total Inventories depends on the Consumer Packaged Goods industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Above Food Ingredients and its competitors. Above Food Ingredients's current Total Inventories is $6.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Above Food Ingredients stock overvalued right now?
Above Food Ingredients (ABVEF) has a current Total Inventories of $6.4 Mil. The current Total Inventories is $6.4 Mil. Above Food Ingredients' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Above Food Ingredients (ABVEF), the current Total Inventories is $6.4 Mil as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.
16GF Score
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