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GROM (Grom Social Enterprises) Total Inventories : $0.05 Mil (As of Mar. 2024)


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What is Grom Social Enterprises Total Inventories?

Grom Social Enterprises's total inventories for the quarter that ended in Mar. 2024 was $0.05 Mil. Grom Social Enterprises's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.04 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Grom Social Enterprises's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grom Social Enterprises's Days Inventory for the three months ended in Mar. 2024 was 6.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grom Social Enterprises's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.91.

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. Grom Social Enterprises's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.


Grom Social Enterprises Total Inventories Historical Data

The historical data trend for Grom Social Enterprises'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.

Grom Social Enterprises Total Inventories Chart

Grom Social Enterprises Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only 0.03 0.05 0.09 0.09 0.04

Grom Social Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.09 0.04 0.04 0.05

Grom Social Enterprises 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.


Grom Social Enterprises  (OTCPK:GROM) 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.

Grom Social Enterprises'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)
=(0.452+0.75 * 0.275+0.5 * 0.045-4.309
-0.009-0.795)/8.92726
=-0.50

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

Grom Social Enterprises'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
=0.044/0.612*365 / 4
=6.56

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

Grom Social Enterprises'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 )
=0.612 / 0.044
=13.91

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.

Grom Social Enterprises'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 )
=0.044 / 0.874
=0.05

* 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.


Grom Social Enterprises Total Inventories Related Terms

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Grom Social Enterprises Business Description

Traded in Other Exchanges
N/A
Address
2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431
Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games. It has three reportable business segments: Animation, which includes TDH; Original Content, which includes CIM; and Social & Technology, which includes GSOC and GEDU. The majority of its revenue is from the Animation segment.
Executives
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Jason Allen Williams officer: CFO, Secretary and Treasurer 1649 NORTHWEST 136TH AVENUE, SUNRISE FL 33323
Robert Stevens director C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD., #6, BOCA RATON FL 33431
Norman Steven Rosenthal director 14 TRAILS END ROAD, WILTON CT 06897-3330
Wayne Dearing officer: President of TD Holdings Ltd. C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
Thomas J. Rutherford director 16205 TALAVERA DE AVILA, TAMPA FL 33613
Melvin Leiner director, 10 percent owner C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE 6, BOCA RATON FL 33431
Darren Marks director, 10 percent owner C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE #6, BOCA RATON FL 33431
Ismael Llera officer: CEO and CFO 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
William Frederick Andrews officer: Chief Operating Officer 4721 NW 27TH AVENUE, BOCA RATON FL 33434

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