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Sixth Wave Innovations (XCNQ:SIXW) Total Inventories : C$0.00 Mil (As of May. 2023)


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What is Sixth Wave Innovations Total Inventories?

Sixth Wave Innovations's total inventories for the quarter that ended in May. 2023 was C$0.00 Mil. Sixth Wave Innovations's average total inventories from the quarter that ended in Feb. 2023 to the quarter that ended in May. 2023 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. Sixth Wave Innovations's Net-Net Working Capital per share for the quarter that ended in May. 2023 was C$-0.35.

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.


Sixth Wave Innovations Total Inventories Historical Data

The historical data trend for Sixth Wave Innovations'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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Sixth Wave Innovations Total Inventories Chart

Sixth Wave Innovations Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Total Inventories
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Sixth Wave Innovations Quarterly Data
Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
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Sixth Wave Innovations 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.


Sixth Wave Innovations  (XCNQ:SIXW) 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.

Sixth Wave Innovations's Net-Net Working Capital Per Share for the quarter that ended in May. 2023 is

Net-Net Working Capital Per Share (Q: May. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.016+0.75 * 0+0.5 * 0-6.943
-0-0)/19.5277
=-0.35

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

Sixth Wave Innovations's Days Inventory for the three months ended in May. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: May. 2023 )/Cost of Goods Sold (Q: May. 2023 )*Days in Period
=0/0*365 / 4
=

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

Sixth Wave Innovations's Inventory Turnover for the quarter that ended in May. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: May. 2023 ) / Average Total Inventories (Q: May. 2023 )
=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.

Sixth Wave Innovations's Inventory to Revenue for the quarter that ended in May. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2023 ) / Revenue (Q: May. 2023 )
=0 / 0
=

* 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.


Sixth Wave Innovations Total Inventories Related Terms

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Sixth Wave Innovations (XCNQ:SIXW) Business Description

Traded in Other Exchanges
Address
210 Waterfront Drive Bedford, Suite 110, Nova Scotia, BC, CAN, B4A 0H3
Sixth Wave Innovations Inc is a nanotechnology company that uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and releasing substances at the molecular level. Its current products are in the process of commercialization in gold mining, cannabis production and health and security with rapid virus detection.

Sixth Wave Innovations (XCNQ:SIXW) Headlines

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