Shiny Health & Wellness (TSXV:SNYB) Total Inventories : C$0.55 Mil (As of Oct. 2023)

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What is Shiny Health & Wellness Total Inventories?

Shiny Health & Wellness's total inventories for the quarter that ended in Oct. 2023 was C$0.55 Mil. Shiny Health & Wellness's average total inventories from the quarter that ended in Jul. 2023 to the quarter that ended in Oct. 2023 was C$0.58 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shiny Health & Wellness's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was C$-1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shiny Health & Wellness's Days Inventory for the three months ended in Oct. 2023 was 18.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shiny Health & Wellness's Inventory Turnover for the quarter that ended in Oct. 2023 was 4.82.

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. Shiny Health & Wellness's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.14.

Shiny Health & Wellness Total Inventories Historical Data

The historical data trend for Shiny Health & Wellness'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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Shiny Health & Wellness Total Inventories Chart

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

Total Inventories

1.55

1.19

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Inventories	Get a 7-Day Free Trial						0.95	1.19	0.88	0.62	0.55

Shiny Health & Wellness 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.

Shiny Health & Wellness (TSXV:SNYB) 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.

Shiny Health & Wellness's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is

	Net-Net Working Capital Per Share (Q: Oct. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.24	+	0.75 * 0.48	+	0.5 * 0.554	-	16.339
-	0	-	0)	/	14.1507
=	-1.09

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

Shiny Health & Wellness's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	0.5845	/	2.815	*	365 / 4
	=	18.95

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

Shiny Health & Wellness's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2023 )	/	Average Total Inventories (Q: Oct. 2023 )
	=	2.815	/	0.5845
	=	4.82

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.

Shiny Health & Wellness's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	0.5845	/	4.278
	=	0.14

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.

Shiny Health & Wellness Total Inventories Related Terms

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Shiny Health & Wellness (TSXV:SNYB) Business Description

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Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

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