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TruTrace Technologies (XCNQ:TTT) Total Inventories : C$0.00 Mil (As of Jan. 2023)


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What is TruTrace Technologies Total Inventories?

TruTrace Technologies's total inventories for the quarter that ended in Jan. 2023 was C$0.00 Mil. TruTrace Technologies's average total inventories from the quarter that ended in Oct. 2022 to the quarter that ended in Jan. 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. TruTrace Technologies's Net-Net Working Capital per share for the quarter that ended in Jan. 2023 was C$-0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TruTrace Technologies's Days Inventory for the three months ended in Jan. 2023 was 0.00.

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. TruTrace Technologies's Inventory-to-Revenue for the quarter that ended in Jan. 2023 was 0.00.


TruTrace Technologies Total Inventories Historical Data

The historical data trend for TruTrace Technologies'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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TruTrace Technologies Total Inventories Chart

TruTrace Technologies Annual Data
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TruTrace Technologies Quarterly Data
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TruTrace Technologies 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.


TruTrace Technologies  (XCNQ:TTT) 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.

TruTrace Technologies's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2023 is

Net-Net Working Capital Per Share (Q: Jan. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.004+0.75 * 0+0.5 * 0-3.224
-0-0)/152.694
=-0.02

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

TruTrace Technologies's Days Inventory for the three months ended in Jan. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Jan. 2023 )/Cost of Goods Sold (Q: Jan. 2023 )*Days in Period
=0/0.101*365 / 4
=0.00

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

TruTrace Technologies's Inventory Turnover for the quarter that ended in Jan. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2023 ) / Average Total Inventories (Q: Jan. 2023 )
=0.101 / 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.

TruTrace Technologies's Inventory to Revenue for the quarter that ended in Jan. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2023 ) / Revenue (Q: Jan. 2023 )
=0 / 0.026
=0.00

* 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.


TruTrace Technologies Total Inventories Related Terms

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TruTrace Technologies (XCNQ:TTT) Business Description

Traded in Other Exchanges
Address
61 Regal Road, Toronto, ON, CAN, M6H 2J6
TruTrace Technologies Inc is the developer of fully integrated software, secured on a blockchain infrastructure, that gives clients' the ability to store, manage, share and immediately access quality assurance and testing details, COAs, as well as motion and movement intelligence on inventory. The platform was specifically designed to power the traceability of testing standards within the legal cannabis, nutraceutical, food and pharmaceutical space with a focus on the authentication of source materials or ingredients used in formulation.
Executives
Michael Kraft Director

TruTrace Technologies (XCNQ:TTT) Headlines

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