LIMX (Limitless X Holdings) Total Inventories : $0.03 Mil (As of Sep. 2024)

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What is Limitless X Holdings Total Inventories?

Limitless X Holdings's total inventories for the quarter that ended in Sep. 2024 was $0.03 Mil. Limitless X Holdings's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0.03 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Limitless X Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-1.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Limitless X Holdings's Days Inventory for the three months ended in Sep. 2024 was 18.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Limitless X Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 5.05.

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. Limitless X Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.05.

Limitless X Holdings Total Inventories Historical Data

The historical data trend for Limitless X 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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Limitless X Holdings Total Inventories Chart

Limitless X Holdings Annual Data

Trend

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Dec21

Dec22

Dec23

Total Inventories

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1.88

0.91

0.02

Limitless X Holdings Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															2.39	0.02	0.07	0.03	0.03

Limitless X 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.

Limitless X Holdings (OTCPK:LIMX) 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.

Limitless X 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)
=	(0.024	+	0.75 * 0.025	+	0.5 * 0.028	-	13.979
-	0	-	0)	/	7.180
=	-1.94

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

Limitless X 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
	=	0.0305	/	0.154	*	365 / 4
	=	18.07

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

Limitless X 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 )
	=	0.154	/	0.0305
	=	5.05

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.

Limitless X 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 )
	=	0.0305	/	0.607
	=	0.05

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.

Limitless X Holdings Total Inventories Related Terms

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Limitless X Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Limitless X Holdings Inc (OTCPK:LIMX) » Definitions » Total Inventories

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Address

9454 Wilshire Boulevard, Suite 300, Beverly Hills, CA, USA, 90212

Website

https://www.limitlessx.com

Limitless X Holdings Inc is a lifestyle brand, focused in the health and wellness industry. Initially, the Company focused on nutritional supplements, wellness studies, and interactive training videos and has since focused its business on performance marketing, sales of digital services, and sales of products. The Company operates in the following product and service sectors: (i) health products and (ii) digital marketing services. The health products sector included the sales of health products in two primary vertical markets: (1) health & wellness; and (2) beauty & skincare. The digital marketing service sector includes digital marketing; digital and print design; social media marketing; and direct-to-consumer marketing.