KushCo Holdings (KushCo Holdings) Total Inventories : $52.4 Mil (As of May. 2021)

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What is KushCo Holdings Total Inventories?

KushCo Holdings's total inventories for the quarter that ended in May. 2021 was $52.4 Mil. KushCo Holdings's average total inventories from the quarter that ended in Feb. 2021 to the quarter that ended in May. 2021 was $51.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. KushCo Holdings's Net-Net Working Capital per share for the quarter that ended in May. 2021 was $0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KushCo Holdings's Days Inventory for the three months ended in May. 2021 was 196.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. KushCo Holdings's Inventory Turnover for the quarter that ended in May. 2021 was 0.46.

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. KushCo Holdings's Inventory-to-Revenue for the quarter that ended in May. 2021 was 1.82.

KushCo Holdings Total Inventories Historical Data

The historical data trend for KushCo Holdings'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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KushCo Holdings Total Inventories Chart

KushCo Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Total Inventories

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1.14

3.75

11.81

43.77

28.05

KushCo Holdings Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Total Inventories	Get a 7-Day Free Trial															24.05	28.05	34.72	50.85	52.37

KushCo Holdings 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.

KushCo Holdings (OTCPK:KSHB) 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.

KushCo Holdings's Net-Net Working Capital Per Share for the quarter that ended in May. 2021 is

	Net-Net Working Capital Per Share (Q: May. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.102	+	0.75 * 7.398	+	0.5 * 52.37	-	30.392
-	0	-	0)	/	159.381
=	0.02

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

KushCo Holdings's Days Inventory for the three months ended in May. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2021 )	/	Cost of Goods Sold (Q: May. 2021 )	*	Days in Period
	=	51.608	/	23.95	*	365 / 4
	=	196.63

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

KushCo Holdings's Inventory Turnover for the quarter that ended in May. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: May. 2021 )	/	Average Total Inventories (Q: May. 2021 )
	=	23.95	/	51.608
	=	0.46

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.

KushCo Holdings's Inventory to Revenue for the quarter that ended in May. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2021 )	/	Revenue (Q: May. 2021 )
	=	51.608	/	28.319
	=	1.82

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.

KushCo Holdings Total Inventories Related Terms

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KushCo Holdings (KushCo Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » KushCo Holdings Inc (OTCPK:KSHB) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

6261 Katella Avenue, Suite 250, Cypress, CA, USA, 90630

Website

https://www.kushco.com

KushCo Holdings Inc is engaged in marketing and selling of customized packaging products, vaporizers, hydrocarbon gases, solvents, accessories and branding solutions to customers operating in the regulated medical and recreational cannabis industries. The firm's packaging products consist of bottles, bags, tubes, and containers. Its subsidiaries and brands provide product quality, customer service, compliance knowledge and a local presence in serving its diverse customer base. The firm has sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe.

Executives

Stephen Christoffersen	officer: Chief Financial Officer	6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630
Peter A. Kadens	director	C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Nicholas Kovacevich	director, officer: Chairman and CEO	2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660
Oliveira Rodrigo De	officer: Chief Operating Officer	C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841
Donald H Hunter	director	C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109
Barbara Goodstein	director	23 MAIN STREET, HOLMDEL NJ 07733
Dallas Imbimbo	director	1800 NEWPORT CIRCLE, SANTA ANA CA 92705
Eric Baum	director	866 BERKSHIRE DRIVE, WESTBURY NY 11590
Christopher Tedford	officer: Chief Financial Officer	C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jason Vegotsky	officer: Chief Revenue Officer	C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jim Mccormick	officer: CFO and COO	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Ben Wu	other: Consultant, Former COO	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Chris Martin	other: None	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Greg Gamet	other: None	3539 GAYLORD STREET DENVER CO 80205
Jeffrey Meng	10 percent owner	17595 HARVARD STREET C552 IRVINE CA 92614