CLCFF (Christina Lake Cannabis) Total Inventories : $2.88 Mil (As of May. 2024)

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What is Christina Lake Cannabis Total Inventories?

Christina Lake Cannabis's total inventories for the quarter that ended in May. 2024 was $2.88 Mil. Christina Lake Cannabis's average total inventories from the quarter that ended in Feb. 2024 to the quarter that ended in May. 2024 was $3.13 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Christina Lake Cannabis's Net-Net Working Capital per share for the quarter that ended in May. 2024 was $-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Christina Lake Cannabis's Days Inventory for the three months ended in May. 2024 was 134.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Christina Lake Cannabis's Inventory Turnover for the quarter that ended in May. 2024 was 0.68.

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. Christina Lake Cannabis's Inventory-to-Revenue for the quarter that ended in May. 2024 was 1.28.

Christina Lake Cannabis Total Inventories Historical Data

The historical data trend for Christina Lake Cannabis'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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Christina Lake Cannabis Total Inventories Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Inventories

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4.76

5.69

4.29

4.13

Christina Lake Cannabis Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Total Inventories	Get a 7-Day Free Trial															3.07	4.44	4.13	3.38	2.88

Christina Lake Cannabis 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.

Christina Lake Cannabis (OTCPK:CLCFF) 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.

Christina Lake Cannabis's Net-Net Working Capital Per Share for the quarter that ended in May. 2024 is

	Net-Net Working Capital Per Share (Q: May. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.044	+	0.75 * 1.278	+	0.5 * 2.875	-	8.5
-	0	-	0)	/	131.122
=	-0.04

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

Christina Lake Cannabis's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	3.125	/	2.12	*	365 / 4
	=	134.51

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

Christina Lake Cannabis's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: May. 2024 )	/	Average Total Inventories (Q: May. 2024 )
	=	2.12	/	3.125
	=	0.68

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.

Christina Lake Cannabis's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	3.125	/	2.439
	=	1.28

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.

Christina Lake Cannabis Total Inventories Related Terms

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Christina Lake Cannabis Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (OTCPK:CLCFF) » Definitions » Total Inventories

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CLB:Germany CLC:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.