Greenfern Industries (NZSE:GFI) Total Inventories : NZ$0.02 Mil (As of Mar. 2023)

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What is Greenfern Industries Total Inventories?

Greenfern Industries's total inventories for the quarter that ended in Mar. 2023 was NZ$0.02 Mil. Greenfern Industries's average total inventories from the quarter that ended in Mar. 2022 to the quarter that ended in Mar. 2023 was NZ$0.01 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Greenfern Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was NZ$0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greenfern Industries's Days Inventory for the six months ended in Mar. 2023 was 34.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenfern Industries's Inventory Turnover for the quarter that ended in Mar. 2023 was 5.33.

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. Greenfern Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.02.

Greenfern Industries Total Inventories Historical Data

The historical data trend for Greenfern Industries'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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Greenfern Industries Total Inventories Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Total Inventories

0.02

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Total Inventories	-	0.02

Greenfern Industries 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.

Greenfern Industries (NZSE:GFI) 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.

Greenfern Industries's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.923	+	0.75 * 0.309	+	0.5 * 0.024	-	1.082
-	0	-	0)	/	109.857
=	0.00

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

Greenfern Industries's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	0.012	/	0.064	*	365 / 2
	=	34.22

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

Greenfern Industries's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	0.064	/	0.012
	=	5.33

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.

Greenfern Industries's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	0.012	/	0.551
	=	0.02

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.

Greenfern Industries Total Inventories Related Terms

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Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.