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Rapid Dose Therapeutics (XCNQ:DOSE) Total Inventories : C$0.13 Mil (As of Nov. 2023)


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What is Rapid Dose Therapeutics Total Inventories?

Rapid Dose Therapeutics's total inventories for the quarter that ended in Nov. 2023 was C$0.13 Mil. Rapid Dose Therapeutics's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was C$0.14 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Rapid Dose Therapeutics's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was C$-0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rapid Dose Therapeutics's Days Inventory for the three months ended in Nov. 2023 was 117.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rapid Dose Therapeutics's Inventory Turnover for the quarter that ended in Nov. 2023 was 0.78.

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. Rapid Dose Therapeutics's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.58.


Rapid Dose Therapeutics Total Inventories Historical Data

The historical data trend for Rapid Dose Therapeutics'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.

Rapid Dose Therapeutics Total Inventories Chart

Rapid Dose Therapeutics Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Feb19 Feb20 Feb21 Feb22 Feb23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.21 0.33 0.24 0.15

Rapid Dose Therapeutics Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 0.25 0.15 0.18 0.14 0.13

Rapid Dose Therapeutics 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.


Rapid Dose Therapeutics  (XCNQ:DOSE) 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.

Rapid Dose Therapeutics's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

Net-Net Working Capital Per Share (Q: Nov. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.166+0.75 * 0.06+0.5 * 0.134-6.53
-0-0)/104.949
=-0.06

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

Rapid Dose Therapeutics's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Nov. 2023 )/Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=0.135/0.105*365 / 4
=117.32

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

Rapid Dose Therapeutics's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Nov. 2023 ) / Average Total Inventories (Q: Nov. 2023 )
=0.105 / 0.135
=0.78

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.

Rapid Dose Therapeutics's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2023 ) / Revenue (Q: Nov. 2023 )
=0.135 / 0.234
=0.58

* 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.


Rapid Dose Therapeutics Total Inventories Related Terms

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Rapid Dose Therapeutics (XCNQ:DOSE) Business Description

Traded in Other Exchanges
Address
1121 Walkers Line, Unit 3, Burlington, ON, CAN, L7N 2G4
Rapid Dose Therapeutics Corp is a Canadian biotechnology company revolutionizing drug delivery through innovation. The company's flagship product QuickStrip is a thin, orally dissolvable film, that can be infused with an infinite list of active ingredients (nutraceuticals, pharmaceuticals, vaccines, cannabis) that are delivered quickly into the bloodstream resulting in rapid onset of the active ingredient.

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