Plurilock Security (TSXV:PLUR) Total Inventories : C$1.87 Mil (As of Dec. 2023)

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What is Plurilock Security Total Inventories?

Plurilock Security's total inventories for the quarter that ended in Dec. 2023 was C$1.87 Mil. Plurilock Security's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$2.49 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Plurilock Security's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-1.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Plurilock Security's Days Inventory for the three months ended in Dec. 2023 was 10.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Plurilock Security's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.65.

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. Plurilock Security's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Plurilock Security Total Inventories Historical Data

The historical data trend for Plurilock Security'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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Plurilock Security Total Inventories Chart

Plurilock Security Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.73

0.32

1.87

Plurilock Security 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														0.32	0.63	0.37	3.11	1.87

Plurilock Security 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.

Plurilock Security (TSXV:PLUR) 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.

Plurilock Security'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)
=	(1.918	+	0.75 * 17.18	+	0.5 * 1.866	-	31.471
-	0	-	0)	/	10.1682
=	-1.55

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

Plurilock Security'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
	=	2.4855	/	21.496	*	365 / 4
	=	10.55

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

Plurilock Security'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 )
	=	21.496	/	2.4855
	=	8.65

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.

Plurilock Security'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 )
	=	2.4855	/	22.401
	=	0.11

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.

Plurilock Security Total Inventories Related Terms

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Plurilock Security (TSXV:PLUR) Business Description

Industry

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PLCKF:USA 659:Germany

Address

1021 West Hastings Street, MNP Tower, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.plurilock.com

Plurilock Security Inc is an identity-centric cybersecurity company that reduces or eliminates the need for passwords by measuring the pace, rhythm, and cadence of a user's keystrokes to confirm their identity. It has two operating segments, the Technology Division and the Solutions Division. The Technology division, operated under the legacy Plurilock brand, builds and operates Plurilock's own proprietary products. The Solutions division offers ASC's and INC's services and resells cybersecurity industry products and technologies to meet customer needs.

Executives

Jord Tanner

Senior Officer