PLNH (Planet 13 Holdings) Total Inventories : $22.8 Mil (As of Sep. 2024)

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What is Planet 13 Holdings Total Inventories?

Planet 13 Holdings's total inventories for the quarter that ended in Sep. 2024 was $22.8 Mil. Planet 13 Holdings's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $21.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Planet 13 Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Planet 13 Holdings's Days Inventory for the three months ended in Sep. 2024 was 128.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Planet 13 Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.71.

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 13 Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.68.

Planet 13 Holdings Total Inventories Historical Data

The historical data trend for Planet 13 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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Planet 13 Holdings Total Inventories Chart

Planet 13 Holdings Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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5.99

6.92

14.23

13.01

15.76

Planet 13 Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															14.88	15.76	17.00	20.80	22.80

Planet 13 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.

Planet 13 Holdings (OTCPK:PLNH) 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 13 Holdings'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)
=	(27.411	+	0.75 * 1.295	+	0.5 * 22.804	-	92.284
-	0	-	0)	/	325.164
=	-0.16

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

Planet 13 Holdings'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
	=	21.802	/	15.463	*	365 / 4
	=	128.66

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

Planet 13 Holdings'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 )
	=	15.463	/	21.802
	=	0.71

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 13 Holdings'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 )
	=	21.802	/	32.159
	=	0.68

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 13 Holdings Total Inventories Related Terms

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Planet 13 Holdings Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

Y7Q:Germany PLTH:Canada

Address

2548 West Desert Inn Road, Suite 100, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.

Executives

Chris Wren	officer: VP of Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Dennis Logan	officer: CFO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Leighton Koehler	officer: General Counsel	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Larry Scheffler	director, 10 percent owner, officer: Co-CEO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
David Farris	officer: VP of Sales & Marketing	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Adrienne O'neal	director	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
William Vargas	officer: VP of Finance	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Robert Groesbeck	director, 10 percent owner, officer: Co-CEO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Lee Fraser	director	4675 W TECO AVE, SUITE 250, LAS VEGAS NV 89118
Todd Hybels	officer: VP of Midwestern Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Michael Lanteri Jennings	officer: Pres. of East Coast Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Michael Harman	director	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109