AMMJ (American Cannabis Co) Total Inventories : $0.27 Mil (As of Jun. 2024)

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What is American Cannabis Co Total Inventories?

American Cannabis Co's total inventories for the quarter that ended in Jun. 2024 was $0.27 Mil. American Cannabis Co's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was $0.47 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. American Cannabis Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Cannabis Co's Days Inventory for the three months ended in Jun. 2024 was 58.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. American Cannabis Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.57.

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. American Cannabis Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.08.

American Cannabis Co Total Inventories Historical Data

The historical data trend for American Cannabis Co'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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American Cannabis Co Total Inventories Chart

American Cannabis Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.05

0.06

0.28

0.35

0.59

American Cannabis Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Inventories	Get a 7-Day Free Trial															0.51	0.52	0.59	0.67	0.27

American Cannabis Co 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.

American Cannabis Co (OTCPK:AMMJ) 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.

American Cannabis Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.003	+	0.75 * 0.137	+	0.5 * 0.266	-	2.757
-	0	-	0)	/	185.801
=	-0.01

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

American Cannabis Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.468	/	0.735	*	365 / 4
	=	58.10

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

American Cannabis Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	0.735	/	0.468
	=	1.57

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.

American Cannabis Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.468	/	0.432
	=	1.08

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.

American Cannabis Co Total Inventories Related Terms

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American Cannabis Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » American Cannabis Co Inc (OTCPK:AMMJ) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

1004 Tejon Street, Colorado Springs, CO, USA, 80903

Website

https://www.americancannabisconsulting.com

American Cannabis Co Inc is engaged in the cannabis industry that features end-to-end solutions for businesses operating in the regulated cannabis industry in states and countries where cannabis is regulated and/or has been decriminalized for medical use and/or legalized for recreational use. It provides advisory and consulting services specific to this industry, designs industry-specific products and facilities, and manages a strategic group partnership that offers both exclusive and non-exclusive customer products commonly used in the industry. It is a licensed operator of two medical cannabis dispensaries and a cannabis cultivation facility in Colorado Springs, CO.

Executives

Tyler A Schloesser	officer: Chief Operations Officer	9874 WEST LA SALLE PLACE, LAKEWOOD CO 80227
Ellis Lamar Smith	director, 10 percent owner, officer: Cheif Development Officer	2590 WALNUT ST, DENVER CO 80205
Hollister Corey James Ariel	director, 10 percent owner, officer: Chief Executive Officer	5316 RUSTIC AVE, FIRESTONE CO 80504
David Michael Godfrey	officer: Principal Accounting Officer	5690 LOGAN STREET, DENVER CO 80237
Jon Workman	officer: Vice President	2600 RAY DEAN ROAD, TUCKER AR 72168
Michael Schwanbeck	officer: Chief Financial Officer	555 E. 19TH AVENUE, #2421, DENVER CO 80203
Tad M Mailander	director	4811 49TH STREET, SAN DIEGO CA 92115
Terry Lynn Buffalo	director, officer: CEO	3063 BRIGHTON BLVD, #918, DENVER CO 80216
Jesus Quintero	officer: Former CFO	16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Michael A Novielli	director, 10 percent owner	100 MILL PLAIN ROAD, 3RD FLOOR, DANBURY CT 06811
Anthony J Baroud	director, 10 percent owner, officer: Chief Technology Officer	211 EAST CIRCLE AVE, PROSPECT HEIGHTS IL 60070
Themistocles Psomiadis	director, officer: Chief Executive Officer	1420 MIDTOWN AVE, APT 407, MOUNT PLEASANT SC 29464
Villas Boas Andrea Bezerra Arruda	10 percent owner	ALAMEDA UAPIXANA, 278, SAO PAULO D5 04085-030
Douglas Leighton	director	312 STUART ST, BOSTON MA 02116
Donald Brucker	director, 10 percent owner, officer: VP Research & Development	110 WEST C STREET, SUITE 1300, SAN DIEGO CA 92101