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Good Flour (XCNQ:GFCO) Total Inventories : C$0.24 Mil (As of Sep. 2024)


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What is Good Flour Total Inventories?

Good Flour's total inventories for the quarter that ended in Sep. 2024 was C$0.24 Mil. Good Flour's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was C$0.27 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Good Flour's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Good Flour's Days Inventory for the three months ended in Sep. 2024 was 64.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Good Flour's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.42.

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. Good Flour's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.75.


Good Flour Total Inventories Historical Data

The historical data trend for Good Flour'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.

Good Flour Total Inventories Chart

Good Flour Annual Data
Trend Jun22 Jun23 Jun24
Total Inventories
0.09 0.30 0.30

Good Flour Quarterly Data
Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.20 0.21 0.20 0.30 0.24

Good Flour 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.


Good Flour  (XCNQ:GFCO) 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.

Good Flour'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)
=(0.037+0.75 * 0.101+0.5 * 0.243-3.076
-0-0)/87.4257
=-0.03

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

Good Flour'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
=0.2695/0.384*365 / 4
=64.04

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

Good Flour'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 )
=0.384 / 0.2695
=1.42

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.

Good Flour'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 )
=0.2695 / 0.357
=0.75

* 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.


Good Flour Total Inventories Related Terms

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Good Flour Business Description

Traded in Other Exchanges
Address
5791 Sidley Street, Burnaby, BC, CAN, V5J 5E6
Good Flour Corp is engaged in manufacturing and selling gluten-free and plant-based food products. It currently offers Pizza Blends, Batter Premixes, Pancake and Waffle Blends and Gluten-Free Desserts.

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