CXBS (Corix Bioscience) Total Inventories: $0.05 Mil (As of Sep. 2017)


What is Corix Bioscience Total Inventories?

Corix Bioscience CXBS -99.00% Total Inventories is $0.05 Mil as of Sep. 2017.

Corix Bioscience's total inventories for the quarter that ended in Sep. 2017 was $0.05 Mil. Corix Bioscience's average total inventories from the quarter that ended in Jun. 2017 to the quarter that ended in Sep. 2017 was $0.02 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Corix Bioscience's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was $-0.02.

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. Corix Bioscience's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.00.

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.

Corix Bioscience  (OTCPK:CXBS) 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.

Corix Bioscience's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 is

Net-Net Working Capital Per Share (Q: Sep. 2017 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.361+0.75 * 0+0.5 * 0.045-0.786
-0-0)/20.653
=-0.02

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

Corix Bioscience's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2017 )/Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=0.0225/0*365 / 4
=

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

Corix Bioscience's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2017 ) / Average Total Inventories (Q: Sep. 2017 )
=0 / 0.0225
=0.00

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.

Corix Bioscience's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2017 ) / Revenue (Q: Sep. 2017 )
=0.0225 / 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.

Corix Bioscience Total Inventories Related Terms

Corix Bioscience Total Inventories Historical Data

* Premium members only.

The historical data trend for Corix Bioscience'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.

Corix Bioscience Total Inventories Chart

Corix Bioscience Annual Data
Trend Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Dec16
Total Inventories
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Corix Bioscience Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.05

Corix Bioscience 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 $0.05 Mil mean?
Corix Bioscience (CXBS) has a Total Inventories of $0.05 Mil as of Sep. 2017. The total amount of inventory as recorded on a company's balance sheet. View historical data for Corix Bioscience and its competitors.
Is Corix Bioscience's Total Inventories too high?
Corix Bioscience's current Total Inventories is $0.05 Mil.
How does Corix Bioscience's Total Inventories compare to BKIT and YBAO?
Corix Bioscience's Total Inventories of $0.05 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Total Inventories depends on the Drug Manufacturers 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 Corix Bioscience and its competitors. Corix Bioscience's current Total Inventories is $0.05 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corix Bioscience stock overvalued right now?
Corix Bioscience (CXBS) has a current Total Inventories of $0.05 Mil. The current Total Inventories is $0.05 Mil. 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 Corix Bioscience (CXBS), the current Total Inventories is $0.05 Mil as of Sep. 2017. 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.

Corix Bioscience Business Description

Address 18662 MaCaurther Boulevard, Suite 200, Irvine, CA, USA, 85085
Corix Bioscience Inc is a United States-based research and development firm of cannabidiol (CBD) products and treatments. It is engaged in the business of producing organic CBD oil used for medical applications and treatments. In addition, the group is also focused on the production of tetrahydrocannabivarin oil. The company is focused on operations in Oregon, California, and Nevada, United States.