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

View and export this data going back to 2008. Start your Free Trial

What is Corix Bioscience Total Inventories?

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 Total Inventories Historical Data

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.

* Premium members only.

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

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															-	-	-	-	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.

Corix Bioscience (GREY: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)	/	20.6531
=	-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
	=

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

Thank you for viewing the detailed overview of Corix Bioscience's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Corix Bioscience (Corix Bioscience) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Corix Bioscience Inc (GREY:CXBS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

18662 MaCaurther Boulevard, Suite 200, Irvine, CA, USA, 85085

Website

http://www.corixbioscience.com

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.

Corix Bioscience (Corix Bioscience) Headlines

No Headlines