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C21 Investments (XCNQ:CXXI) Total Inventories : C$5.39 Mil (As of Sep. 2024)


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What is C21 Investments Total Inventories?

C21 Investments's total inventories for the quarter that ended in Sep. 2024 was C$5.39 Mil. C21 Investments's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was C$4.95 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. C21 Investments's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. C21 Investments's Days Inventory for the three months ended in Sep. 2024 was 78.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. C21 Investments's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.16.

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. C21 Investments's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.49.


C21 Investments Total Inventories Historical Data

The historical data trend for C21 Investments'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.

* Premium members only.

C21 Investments Total Inventories Chart

C21 Investments Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.61 9.95 3.43 5.12 5.60

C21 Investments Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Jun24 Sep24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.01 3.89 3.64 4.52 5.39

C21 Investments 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.


C21 Investments  (XCNQ:CXXI) 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.

C21 Investments'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)
=(2.801+0.75 * 0.336+0.5 * 5.385-38.36
-0-0)/120.048
=-0.27

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

C21 Investments'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
=4.954/5.749*365 / 4
=78.63

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

C21 Investments'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 )
=5.749 / 4.954
=1.16

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.

C21 Investments'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 )
=4.954 / 10.172
=0.49

* 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.


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.


C21 Investments Total Inventories Related Terms

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C21 Investments Business Description

Traded in Other Exchanges
Address
601 West Cordova Street, Suite 170, Vancouver, BC, CAN, V6B 1G1
C21 Investments Inc is a vertically integrated cannabis company that cultivates, processes, and distributes quality cannabis and hemp-derived consumer products in the United States. The Company owns Silver State Relief and Silver State Cultivation in Nevada, including legacy Oregon brands Phantom Farms, Hood Oil and Eco Firma Farms. These brands produce and distribute a broad range of THC and CBD products from cannabis flowers, pre-rolls, cannabis oil, vaporizer cartridges and edibles.
Executives
Todd Andrew Harrison Director
Bruce Macdonald Director
Sky Pinnick Director
Leonard Werden Director
Michael Starrett Kidd Director, Senior Officer

C21 Investments Headlines

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