ESG (ESGH) Total Inventories : $1.87 Mil (As of Sep. 2024)

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What is ESG Total Inventories?

ESG's total inventories for the quarter that ended in Sep. 2024 was $1.87 Mil. ESG's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $2.02 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ESG's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ESG's Days Inventory for the three months ended in Sep. 2024 was 106.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. ESG's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.85.

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. ESG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.90.

ESG Total Inventories Historical Data

The historical data trend for ESG'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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ESG Total Inventories Chart

ESG Annual Data

Trend

Aug21

Aug22

Aug23

Total Inventories

ESG Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial								-	1.65	0.72	2.17	1.87

ESG 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.

ESG (OTCPK:ESGH) 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.

ESG's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.445	+	0.75 * 0.106	+	0.5 * 1.87	-	15.026
-	0	-	3.071)	/	25.899
=	-0.64

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

ESG's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	2.022	/	1.726	*	365 / 4
	=	106.90

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

ESG's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	1.726	/	2.022
	=	0.85

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.

ESG's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2.022	/	2.235
	=	0.90

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.

ESG Total Inventories Related Terms

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523 School House Road, Kennett Square, PA, USA, 19348

Website

ESG Inc develops and operates sustainable plant-based ingredients and food production and distribution with the substantial experience of its management team, including experience and relationships in the industry of mushroom, agriculture and food in the world and the capital markets in the States. Revenue is generated by selling fresh mushrooms to authorized distributors and wholesalers mainly in Yangzi River Delta.