MDRNF (Modern Plant Based Foods) Total Inventories : $0.01 Mil (As of May. 2024)

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What is Modern Plant Based Foods Total Inventories?

Modern Plant Based Foods's total inventories for the quarter that ended in May. 2024 was $0.01 Mil. Modern Plant Based Foods's average total inventories from the quarter that ended in Feb. 2024 to the quarter that ended in May. 2024 was $0.02 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Modern Plant Based Foods's Net-Net Working Capital per share for the quarter that ended in May. 2024 was $-0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Modern Plant Based Foods's Days Inventory for the three months ended in May. 2024 was 16.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Modern Plant Based Foods's Inventory Turnover for the quarter that ended in May. 2024 was 5.61.

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. Modern Plant Based Foods's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.16.

Modern Plant Based Foods Total Inventories Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods Total Inventories Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

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Aug23

Total Inventories

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0.02

0.44

0.10

0.02

Modern Plant Based Foods Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Total Inventories	Get a 7-Day Free Trial															0.05	0.02	0.02	0.02	0.01

Modern Plant Based Foods 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.

Modern Plant Based Foods (OTCPK:MDRNF) 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.

Modern Plant Based Foods's Net-Net Working Capital Per Share for the quarter that ended in May. 2024 is

	Net-Net Working Capital Per Share (Q: May. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.057	+	0.75 * 0.055	+	0.5 * 0.014	-	1.525
-	0	-	-0.005)	/	8.34768
=	-0.17

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

Modern Plant Based Foods's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	0.0155	/	0.087	*	365 / 4
	=	16.26

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

Modern Plant Based Foods's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: May. 2024 )	/	Average Total Inventories (Q: May. 2024 )
	=	0.087	/	0.0155
	=	5.61

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.

Modern Plant Based Foods's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	0.0155	/	0.1
	=	0.16

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.

Modern Plant Based Foods Total Inventories Related Terms

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Modern Plant Based Foods Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (OTCPK:MDRNF) » Definitions » Total Inventories

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L3O0:Germany MEAT:Canada

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

http://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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