Looking Glass Labs (AQSE:NFTX) Total Inventories : £0.00 Mil (As of Jan. 2024)

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What is Looking Glass Labs Total Inventories?

Looking Glass Labs's total inventories for the quarter that ended in Jan. 2024 was £0.00 Mil. Looking Glass Labs's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was £0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Looking Glass Labs's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was £-0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Looking Glass Labs's Days Inventory for the three months ended in Jan. 2024 was 0.00.

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

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. Looking Glass Labs's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.00.

Looking Glass Labs Total Inventories Historical Data

The historical data trend for Looking Glass Labs'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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Looking Glass Labs Total Inventories Chart

Looking Glass Labs Annual Data

Trend

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Total Inventories

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial											-	-	-	-	-

Looking Glass Labs 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.

Looking Glass Labs (AQSE:NFTX) 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.

Looking Glass Labs's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.423	+	0.75 * 0.071	+	0.5 * 0	-	1.423
-	0	-	0)	/	1.98584
=	-0.48

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

Looking Glass Labs's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	0	/	0.057	*	365 / 4
	=	0.00

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

Looking Glass Labs's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	0.057	/	0
	=	N/A

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.

Looking Glass Labs's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	0	/	0.382
	=	0.00

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.

Looking Glass Labs Total Inventories Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

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Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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