Beyond Oil (XCNQ:BOIL) Total Inventories : C$0.47 Mil (As of Mar. 2024)

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What is Beyond Oil Total Inventories?

Beyond Oil's total inventories for the quarter that ended in Mar. 2024 was C$0.47 Mil. Beyond Oil's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was C$0.49 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Beyond Oil's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beyond Oil's Days Inventory for the three months ended in Mar. 2024 was 358.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beyond Oil's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.25.

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. Beyond Oil's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.73.

Beyond Oil Total Inventories Historical Data

The historical data trend for Beyond Oil'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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Beyond Oil Total Inventories Chart

Beyond Oil Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

0.52

Beyond Oil Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial									-	0.18	0.53	0.52	0.47

Beyond Oil 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.

Beyond Oil (XCNQ:BOIL) 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.

Beyond Oil's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.692	+	0.75 * 0.016	+	0.5 * 0.468	-	1.845
-	0	-	1.245)	/	55.9815
=	-0.02

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

Beyond Oil's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.4915	/	0.125	*	365 / 4
	=	358.80

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

Beyond Oil's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	0.125	/	0.4915
	=	0.25

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.

Beyond Oil's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.4915	/	0.18
	=	2.73

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.

Beyond Oil Total Inventories Related Terms

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Beyond Oil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Oil Ltd (XCNQ:BOIL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

BEOLF:USA

Address

1208 Rosewood Crescent, North Vancouver, Vancouver, BC, CAN, V7P1H4

Website

https://www.beyondoil.co

Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acid from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil improve food quality and reduce frying oil costs. It offers FryDay which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.

Executives

Robert Jalun Kiesman	Director, Senior Officer
Jonathan Or	Director, Senior Officer