Nuran Wireless (XCNQ:NUR) Total Inventories : C$5.14 Mil (As of Dec. 2023)

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What is Nuran Wireless Total Inventories?

Nuran Wireless's total inventories for the quarter that ended in Dec. 2023 was C$5.14 Mil. Nuran Wireless's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$4.99 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nuran Wireless's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nuran Wireless's Days Inventory for the three months ended in Dec. 2023 was 869.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nuran Wireless's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.10.

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. Nuran Wireless's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.41.

Nuran Wireless Total Inventories Historical Data

The historical data trend for Nuran Wireless'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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Nuran Wireless Total Inventories Chart

Nuran Wireless Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec22

Dec23

Total Inventories

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1.72

2.38

1.33

4.91

5.14

Nuran Wireless Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															5.53	4.91	5.05	4.84	5.14

Nuran Wireless 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.

Nuran Wireless (XCNQ:NUR) 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.

Nuran Wireless's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.173	+	0.75 * 1.273	+	0.5 * 5.14	-	25.378
-	0	-	0)	/	40.4985
=	-0.54

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

Nuran Wireless's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	4.9905	/	0.524	*	365 / 4
	=	869.05

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

Nuran Wireless's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	0.524	/	4.9905
	=	0.10

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.

Nuran Wireless's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.9905	/	1.131
	=	4.41

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.

Nuran Wireless Total Inventories Related Terms

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Nuran Wireless (XCNQ:NUR) Business Description

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NRRWF:USA 1RNA:Germany

Address

2150 Cyrille-Duquet Street, Suite 100, Quebec, QC, CAN, G1N 2G3

Website

https://www.nuranwireless.com

Nuran Wireless Inc is engaged in the Network as a Service (NAAS) business. The group operates in the research, development, manufacturing, marketing and operation of digital electronic circuits and wireless telecommunication products and offers services in the mobile telephony industry. It also provides products and services that help mobile network operators profitably serve off-grid markets that are currently not served. It has two reportable segments NaaS and Direct sales. The majority of the revenue is derived from Africa followed by Canada and so on.

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