CNGL (Canna Global Acquisition) Total Inventories: $0.00 Mil (As of Mar. 2024)


CNGL Canna Global Acquisition Corp CNGL
36 GF Score
Price $9.00
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What is Canna Global Acquisition Total Inventories?

Canna Global Acquisition CNGL 36 Total Inventories is $0.00 Mil as of Mar. 2024. GuruFocus rates CNGL with a GF Score™ of 36/100.

Canna Global Acquisition's total inventories for the quarter that ended in Mar. 2024 was $0.00 Mil. Canna Global Acquisition's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 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. Canna Global Acquisition's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.53.

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

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.

Canna Global Acquisition  (OTCPK:CNGL) 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.

Canna Global Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.037+0.75 * 0+0.5 * 0-11.85
-0-0)/7.723
=-1.53

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

Canna Global Acquisition's Days Inventory for the three months ended in Mar. 2024 is calculated as:

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

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

Canna Global Acquisition's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=0 / 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.

Canna Global Acquisition's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

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

* 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.

Canna Global Acquisition Total Inventories Related Terms

Canna Global Acquisition Total Inventories Historical Data

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The historical data trend for Canna Global Acquisition'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.

Canna Global Acquisition Total Inventories Chart

Canna Global Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Total Inventories
0.00 0.00 0.00

Canna Global Acquisition Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
CNGL
36GF Score
Canna Global Acquisition Corp CNGL
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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Canna Global Acquisition 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $0.00 Mil mean?
Canna Global Acquisition (CNGL) has a Total Inventories of $0.00 Mil as of Mar. 2024. The total amount of inventory as recorded on a company's balance sheet. View historical data for Canna Global Acquisition and its competitors.
Is Canna Global Acquisition's Total Inventories too high?
Canna Global Acquisition's current Total Inventories is $0.00 Mil. Overall, Canna Global Acquisition has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Canna Global Acquisition's Total Inventories compare to DTSQ and FSHP?
Canna Global Acquisition's Total Inventories of $0.00 Mil can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Total Inventories depends on the Diversified Financial Services 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 Canna Global Acquisition and its competitors. Canna Global Acquisition's current Total Inventories is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canna Global Acquisition stock overvalued right now?
Canna Global Acquisition (CNGL) has a current Total Inventories of $0.00 Mil. The current Total Inventories is $0.00 Mil. Canna Global Acquisition's overall GF Score™ is 36/100. 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 Canna Global Acquisition (CNGL), the current Total Inventories is $0.00 Mil as of Mar. 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.

Canna Global Acquisition Business Description

Address 4640 Admiralty Way, Suite 500, Marina Del Rey, CA, USA, 90292
Canna Global Acquisition Corp is a blank check company.
36GF Score

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