Red White & Bloom Brands (Red White & Bloom Brands) Total Inventories : $14.51 Mil (As of Dec. 2023)

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What is Red White & Bloom Brands Total Inventories?

Red White & Bloom Brands's total inventories for the quarter that ended in Dec. 2023 was $14.51 Mil. Red White & Bloom Brands's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $14.24 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Red White & Bloom Brands's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red White & Bloom Brands's Days Inventory for the three months ended in Dec. 2023 was 160.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Red White & Bloom Brands's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

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. Red White & Bloom Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.99.

Red White & Bloom Brands Total Inventories Historical Data

The historical data trend for Red White & Bloom Brands'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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Red White & Bloom Brands Total Inventories Chart

Red White & Bloom Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

13.71

9.00

13.80

14.51

Red White & Bloom Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial														13.80	13.76	-	13.98	14.51

Red White & Bloom Brands 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.

Red White & Bloom Brands (OTCPK:RWBYF) 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.

Red White & Bloom Brands's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.678	+	0.75 * 14.75	+	0.5 * 14.507	-	265.572
-	0	-	5.234)	/	469.522
=	-0.53

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

Red White & Bloom Brands's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	14.241	/	8.109	*	365 / 4
	=	160.25

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

Red White & Bloom Brands's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	8.109	/	14.241
	=	0.57

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.

Red White & Bloom Brands's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	14.241	/	14.344
	=	0.99

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.

Red White & Bloom Brands Total Inventories Related Terms

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Red White & Bloom Brands (Red White & Bloom Brands) Business Description

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RWB:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.redwhitebloom.com

Red White & Bloom Brands Inc is a multi-state operator in the United States conducting operations in the legal cannabis industry. The principal activity of the company is the sale of a diverse range of high-quality cannabis-based products delivered through its distribution and retail channels. The company operates twelve licensed adult-use and medical retail dispensaries located in the legal states of Michigan and Florida.