PBFFF (Planet Based Foods Global) Total Inventories : $0.20 Mil (As of Sep. 2024)

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What is Planet Based Foods Global Total Inventories?

Planet Based Foods Global's total inventories for the quarter that ended in Sep. 2024 was $0.20 Mil. Planet Based Foods Global's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0.26 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Planet Based Foods Global's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Planet Based Foods Global's Days Inventory for the three months ended in Sep. 2024 was 170.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Planet Based Foods Global's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.53.

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. Planet Based Foods Global's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 4.37.

Planet Based Foods Global Total Inventories Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global Total Inventories Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

0.16

0.43

0.10

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial							0.29	0.10	0.37	0.32	0.20

Planet Based Foods Global 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.

Planet Based Foods Global (OTCPK:PBFFF) 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.

Planet Based Foods Global's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0.75 * 0.003	+	0.5 * 0.204	-	2.045
-	0	-	0)	/	21.947
=	-0.09

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

Planet Based Foods Global's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.262	/	0.14	*	365 / 4
	=	170.77

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

Planet Based Foods Global's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	0.14	/	0.262
	=	0.53

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.

Planet Based Foods Global's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.262	/	0.06
	=	4.37

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.

Planet Based Foods Global Total Inventories Related Terms

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Planet Based Foods Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (OTCPK:PBFFF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

AZ00:Germany PBF:Canada

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on vegan meat analog-based products, made predominantly from hemp plant-derived proteins. It offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles. The company manufactures and offers its products for the wholesale market including sales to restaurants and resellers of Consumer Packaged Goods (CPG).