LFNT Resources (XCNQ:LFNT) Total Inventories : C$0.00 Mil (As of Apr. 2024)

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What is LFNT Resources Total Inventories?

LFNT Resources's total inventories for the quarter that ended in Apr. 2024 was C$0.00 Mil. LFNT Resources's average total inventories from the quarter that ended in Jan. 2024 to the quarter that ended in Apr. 2024 was C$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LFNT Resources's Net-Net Working Capital per share for the quarter that ended in Apr. 2024 was C$0.01.

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

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

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.

LFNT Resources Total Inventories Historical Data

The historical data trend for LFNT Resources'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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LFNT Resources Total Inventories Chart

LFNT Resources Annual Data

Trend

Oct22

Oct23

Total Inventories

LFNT Resources Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

LFNT Resources 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.

LFNT Resources (XCNQ:LFNT) 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.

LFNT Resources's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2024 is

	Net-Net Working Capital Per Share (Q: Apr. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.35	+	0.75 * 0	+	0.5 * 0	-	0.012
-	0	-	0)	/	23.150
=	0.01

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

LFNT Resources's Days Inventory for the three months ended in Apr. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2024 )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

LFNT Resources's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2024 )	/	Average Total Inventories (Q: Apr. 2024 )
	=	0	/	0
	=	N/A

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.

LFNT Resources's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2024 )	/	Revenue (Q: Apr. 2024 )
	=	0	/	0
	=

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.

LFNT Resources Total Inventories Related Terms

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LFNT Resources Business Description

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Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.lfnt.ca

LFNT Resources Corp y is currently engaged in the business of exploration of mineral properties in Canada. Its activities include the acquisition, exploration, and development of mineral exploration properties. It holds interest in Skyfire Property which consists of nearly 7 mining cell claims totaling approximately 1897 hectares of land in the Cariboo Mining Division, British Columbia, Canada.

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