Green Scientific Labs Holdings (XCNQ:GSL) Total Inventories: C$0.38 Mil (As of Mar. 2023)

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What is Green Scientific Labs Holdings Total Inventories?

Green Scientific Labs Holdings XCNQ:GSL Total Inventories is C$0.38 Mil as of Mar. 2023.

Green Scientific Labs Holdings's total inventories for the quarter that ended in Mar. 2023 was C$0.38 Mil. Green Scientific Labs Holdings's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was C$0.45 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Green Scientific Labs Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was C$-0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Scientific Labs Holdings's Days Inventory for the three months ended in Mar. 2023 was 151.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Green Scientific Labs Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.60.

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. Green Scientific Labs Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.87.

Green Scientific Labs Holdings  (XCNQ:GSL) 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.

Green Scientific Labs Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

Net-Net Working Capital Per Share (Q: Mar. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.097+0.75 * 0.185+0.5 * 0.384-8.585
-0-0)/15.410
=-0.53

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

Green Scientific Labs Holdings's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=0.448/0.27*365 / 4
=151.41

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

Green Scientific Labs Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2023 ) / Average Total Inventories (Q: Mar. 2023 )
=0.27 / 0.448
=0.60

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.

Green Scientific Labs Holdings's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=0.448 / 0.516
=0.87

* 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.

Green Scientific Labs Holdings Total Inventories Related Terms

Green Scientific Labs Holdings Total Inventories Historical Data

* Premium members only.

The historical data trend for Green Scientific Labs 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.

Green Scientific Labs Holdings Total Inventories Chart

Green Scientific Labs Holdings Annual Data
Trend Apr20 Apr21 Dec22
Total Inventories
0.00 0.00 0.51

Green Scientific Labs Holdings Quarterly Data
Jan20 Apr20 Jul20 Jan21 Apr21 Jul21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.14 1.22 1.07 0.51 0.38

Green Scientific Labs 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of C$0.38 Mil mean?
Green Scientific Labs Holdings (XCNQ:GSL) has a Total Inventories of C$0.38 Mil as of Mar. 2023. The total amount of inventory as recorded on a company's balance sheet. View historical data for Green Scientific Labs Holdings and its competitors.
Is Green Scientific Labs Holdings' Total Inventories too high?
Green Scientific Labs Holdings' current Total Inventories is C$0.38 Mil.
How does Green Scientific Labs Holdings' Total Inventories compare to ZTS?
Green Scientific Labs Holdings' Total Inventories of C$0.38 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Drug Manufacturers company?
A good Total Inventories depends on the Drug Manufacturers industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Green Scientific Labs Holdings and its competitors. Green Scientific Labs Holdings's current Total Inventories is C$0.38 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Scientific Labs Holdings stock overvalued right now?
Green Scientific Labs Holdings (XCNQ:GSL) has a current Total Inventories of C$0.38 Mil. The current Total Inventories is C$0.38 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Green Scientific Labs Holdings (XCNQ:GSL), the current Total Inventories is C$0.38 Mil as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Green Scientific Labs Holdings Business Description

Address 4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314
Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.