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POSaBIT Systems (XCNQ:PBIT) Total Inventories : C$0.27 Mil (As of Sep. 2024)


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What is POSaBIT Systems Total Inventories?

POSaBIT Systems's total inventories for the quarter that ended in Sep. 2024 was C$0.27 Mil. POSaBIT Systems's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was C$0.15 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. POSaBIT Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. POSaBIT Systems's Days Inventory for the three months ended in Sep. 2024 was 4.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. POSaBIT Systems's Inventory Turnover for the quarter that ended in Sep. 2024 was 21.56.

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. POSaBIT Systems's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.03.


POSaBIT Systems Total Inventories Historical Data

The historical data trend for POSaBIT Systems'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.

POSaBIT Systems Total Inventories Chart

POSaBIT Systems Annual Data
Trend Oct17 Oct18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 0.05 0.10 0.87 0.63 0.02

POSaBIT Systems Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.35 0.02 0.25 0.04 0.27

POSaBIT Systems 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.


POSaBIT Systems  (XCNQ:PBIT) 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.

POSaBIT Systems'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)
=(1.23+0.75 * 0.776+0.5 * 0.271-12.063
-0-0)/156.363
=-0.06

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

POSaBIT Systems'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
=0.154/3.32*365 / 4
=4.23

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

POSaBIT Systems'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 )
=3.32 / 0.154
=21.56

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.

POSaBIT Systems'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 )
=0.154 / 5.531
=0.03

* 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.


POSaBIT Systems Total Inventories Related Terms

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POSaBIT Systems Business Description

Traded in Other Exchanges
Address
15 Lake Bellevue Drive, Suite 101, Bellevue, WA, USA, 98005
POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The company earns revenue from i) Payment services, Point-of-Sale (POS) Services, License of technology, and Support services related to its sale of license. The Company also earns revenue from rental and sale of hardware related to its payment and POS services. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.
Executives
Ryan Richard Hamlin 10% Security Holder, Director, Senior Officer
Bruce Alan Jaffe Director
Alex Sharp 10% Security Holder
Stephen Mark Gledhill Senior Officer
Jeffrey John Dossett Director
Andrew Paul Sweet Senior Officer

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