Advance Lithium (TSXV:AALI.H) Total Inventories : C$0.00 Mil (As of Feb. 2023)

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What is Advance Lithium Total Inventories?

Advance Lithium's total inventories for the quarter that ended in Feb. 2023 was C$0.00 Mil. Advance Lithium's average total inventories from the quarter that ended in Nov. 2022 to the quarter that ended in Feb. 2023 was C$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Advance Lithium's Net-Net Working Capital per share for the quarter that ended in Feb. 2023 was C$-0.01.

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

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

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.

Advance Lithium Total Inventories Historical Data

The historical data trend for Advance Lithium'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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Advance Lithium Total Inventories Chart

Advance Lithium Annual Data

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Total Inventories

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Advance Lithium Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Advance Lithium 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.

Advance Lithium (TSXV:AALI.H) 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.

Advance Lithium's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2023 is

	Net-Net Working Capital Per Share (Q: Feb. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.011	+	0.75 * 0.001	+	0.5 * 0	-	0.565
-	0	-	-0.044)	/	83.5165
=	-0.01

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

Advance Lithium's Days Inventory for the three months ended in Feb. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2023 )	/	Cost of Goods Sold (Q: Feb. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

Advance Lithium's Inventory Turnover for the quarter that ended in Feb. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2023 )	/	Average Total Inventories (Q: Feb. 2023 )
	=	0	/	0
	=	N/A

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.

Advance Lithium's Inventory to Revenue for the quarter that ended in Feb. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2023 )	/	Revenue (Q: Feb. 2023 )
	=	0	/	0
	=

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.

Advance Lithium Total Inventories Related Terms

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Advance Lithium (TSXV:AALI.H) Business Description

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Address

432 Royal Avenue, Kamloops, BC, CAN, V2B 3P7

Website

https://www.advancelithiumcorp.com

Advance Lithium Corp is a junior exploration company focused on exploring and acquiring mineral properties containing lithium, precious metals and fertilizer minerals. The company has approximately 13 lithium-potassium-boron salars and a pilot plant designed and built using a patented extraction method to process lithium in a green manner.

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