ACRHF (Acreage Holdings) Total Inventories : $32.9 Mil (As of Sep. 2024)

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What is Acreage Holdings Total Inventories?

Acreage Holdings's total inventories for the quarter that ended in Sep. 2024 was $32.9 Mil. Acreage Holdings's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $33.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Acreage Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Acreage Holdings's Days Inventory for the three months ended in Sep. 2024 was 118.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acreage Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.77.

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. Acreage Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.84.

Acreage Holdings Total Inventories Historical Data

The historical data trend for Acreage Holdings'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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Acreage Holdings Total Inventories Chart

Acreage Holdings Annual Data

Trend

Aug17

Aug18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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18.08

23.72

41.80

49.45

47.68

Acreage Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															51.05	47.68	22.83	34.02	32.91

Acreage Holdings 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.

Acreage Holdings (OTCPK:ACRHF) 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.

Acreage Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(13.78	+	0.75 * 10.226	+	0.5 * 32.909	-	419.256
-	0	-	-57.102)	/	121.186
=	-2.68

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

Acreage Holdings's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	33.462	/	25.71	*	365 / 4
	=	118.76

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	25.71	/	33.462
	=	0.77

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	33.462	/	39.624
	=	0.84

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.

Acreage Holdings Total Inventories Related Terms

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Acreage Holdings Business Description

Industry

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Traded in Other Exchanges

ACRDF:USA 0VZ1:Germany ACRG.A.U:Canada ACRG.B.U:Canada

Address

366 Madison Avenue, 14th floor,, New York, NY, USA, 10017

Website

https://www.acreageholdings.com

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing, and retailing cannabis. The Company derives its revenues from its retail dispensary business, where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West, and South. The Company operates under one operating segment, which is: the production and sale of cannabis products.