NGHI (New Green Hemp) Total Inventories: $0.16 Mil (As of Mar. 2019)


What is New Green Hemp Total Inventories?

New Green Hemp NGHI Total Inventories is $0.16 Mil as of Mar. 2019.

New Green Hemp's total inventories for the quarter that ended in Mar. 2019 was $0.16 Mil. New Green Hemp's average total inventories from the quarter that ended in Dec. 2018 to the quarter that ended in Mar. 2019 was $0.16 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. New Green Hemp's Net-Net Working Capital per share for the quarter that ended in Mar. 2019 was $-4.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Green Hemp's Days Inventory for the three months ended in Mar. 2019 was 55.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Green Hemp's Inventory Turnover for the quarter that ended in Mar. 2019 was 1.63.

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. New Green Hemp's Inventory-to-Revenue for the quarter that ended in Mar. 2019 was 0.16.

New Green Hemp  (OTCPK:NGHI) 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.

New Green Hemp's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2019 is

Net-Net Working Capital Per Share (Q: Mar. 2019 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.123+0.75 * 0.984+0.5 * 0.158-2.387
-0.019-0)/0.320
=-4.58

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

New Green Hemp's Days Inventory for the three months ended in Mar. 2019 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2019 )/Cost of Goods Sold (Q: Mar. 2019 )*Days in Period
=0.1615/0.264*365 / 4
=55.82

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

New Green Hemp's Inventory Turnover for the quarter that ended in Mar. 2019 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2019 ) / Average Total Inventories (Q: Mar. 2019 )
=0.264 / 0.1615
=1.63

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.

New Green Hemp's Inventory to Revenue for the quarter that ended in Mar. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2019 ) / Revenue (Q: Mar. 2019 )
=0.1615 / 1.007
=0.16

* 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.

New Green Hemp Total Inventories Related Terms

New Green Hemp Total Inventories Historical Data

* Premium members only.

The historical data trend for New Green Hemp'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.

New Green Hemp Total Inventories Chart

New Green Hemp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Total Inventories
Get a 7-Day Free Trial 0.14 0.95 0.00 0.00 0.17

New Green Hemp Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.09 0.17 0.17 0.17 0.16

New Green Hemp 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $0.16 Mil mean?
New Green Hemp (NGHI) has a Total Inventories of $0.16 Mil as of Mar. 2019. The total amount of inventory as recorded on a company's balance sheet. View historical data for New Green Hemp and its competitors.
Is New Green Hemp's Total Inventories too high?
New Green Hemp's current Total Inventories is $0.16 Mil.
How does New Green Hemp's Total Inventories compare to PKDSQ and FSNR?
New Green Hemp's Total Inventories of $0.16 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for an Oil & Gas company?
A good Total Inventories depends on the Oil & Gas industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for New Green Hemp and its competitors. New Green Hemp's current Total Inventories is $0.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Green Hemp stock overvalued right now?
New Green Hemp (NGHI) has a current Total Inventories of $0.16 Mil. The current Total Inventories is $0.16 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For New Green Hemp (NGHI), the current Total Inventories is $0.16 Mil as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Green Hemp Business Description

Industry EnergyOil & Gas
Address 4362 Mahan Drive, Tallahassee, FL, USA, 32308
New Green Hemp Incis focused on developing and acquiring businesses that fit into the disruptive business model of Developing, Scaling, and Financing (DSF) within synergistic industries and focused business groups.