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22nd Century Group's total inventories for the quarter that ended in Dec. 2024 was $2.02 Mil. 22nd Century Group's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $2.18 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. 22nd Century Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-15.01.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 22nd Century Group's Days Inventory for the three months ended in Dec. 2024 was 64.22.
Inventory Turnover measures how fast the company turns over its inventory within a year. 22nd Century Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.42.
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. 22nd Century Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.18.
The historical data trend for 22nd Century Group'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.
22nd Century Group Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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2.03 | 2.88 | 7.27 | 4.35 | 2.02 |
22nd Century Group Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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4.35 | 2.89 | 2.66 | 2.34 | 2.02 |
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.
22nd Century Group (NAS:XXII) 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.
22nd Century Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (4.422 | + | 0.75 * 1.698 | + | 0.5 * 2.015 | - | 17.661 |
- | 0 | - | 0) | / | 0.730 | ||
= | -15.01 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
22nd Century Group's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 2.1775 | / | 3.094 | * | 365 / 4 | |
= | 64.22 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
22nd Century Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 3.094 | / | 2.1775 | |
= | 1.42 |
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.
22nd Century Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 2.1775 | / | 1.841 | |
= | 1.18 |
* 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.
Thank you for viewing the detailed overview of 22nd Century Group's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Arno | director | C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108 |
James A Mish | director, officer: Chief Executive Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
John Franzino | officer: Chief Administrative Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Peter Ferola | officer: Chief Legal Officer | BIOTELEMETRY, INC., 1000 CEDAR HOLLOW ROAD, #102, MALVERN PA 19355 |
John J Miller | officer: President, Tobacco | 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Lucille S Salhany | director | C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304 |
Michael Zercher | officer: Chief Operating Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Robert Hugh Kinsman | officer: Chief Financial Officer | 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Clifford B Fleet | director | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
Richard F Fitzgerald | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473 |
Anthony L. Johnson | director | C/O 22ND CENTURY GROUP, INC., 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Richard M. Sanders | director | 1119 PIEDRA RONDO, SANTA FE NM 87501 |
Roger D O'brien | director | C/O 22ND CENTURY GROUP, INC., 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Michael Koganov | director | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Nora B Sullivan | director | C/O RAND CAPITAL CORP, 2200 RAND BLDG, BUFFALO NY 14203 |
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