CurveBeam AI (ASX:CVB) Total Inventories : A$9.24 Mil (As of Dec. 2023)

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What is CurveBeam AI Total Inventories?

CurveBeam AI's total inventories for the quarter that ended in Dec. 2023 was A$9.24 Mil. CurveBeam AI's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$8.95 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CurveBeam AI's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CurveBeam AI's Days Inventory for the six months ended in Dec. 2023 was 911.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. CurveBeam AI's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.20.

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. CurveBeam AI's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.62.

CurveBeam AI Total Inventories Historical Data

The historical data trend for CurveBeam AI'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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CurveBeam AI Total Inventories Chart

CurveBeam AI Annual Data

Trend

Jun21

Jun22

Jun23

Total Inventories

8.66

CurveBeam AI Semi-Annual Data
	Jun21	Dec21	Jun22	Jun23	Dec23
Total Inventories	-	-	-	8.66	9.24

CurveBeam AI 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.

CurveBeam AI (ASX:CVB) 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.

CurveBeam AI'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)
=	(14.958	+	0.75 * 3.465	+	0.5 * 9.238	-	23.843
-	0	-	0)	/	317.774
=	-0.01

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

CurveBeam AI's Days Inventory for the six 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
	=	8.9495	/	1.792	*	365 / 2
	=	911.43

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

CurveBeam AI'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 )
	=	1.792	/	8.9495
	=	0.20

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.

CurveBeam AI'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 )
	=	8.9495	/	3.418
	=	2.62

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.

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CurveBeam AI (ASX:CVB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CurveBeam AI Ltd (ASX:CVB) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

10?16 Queen Street, Level 10, Melbourne, VIC, AUS, 3000

Website

https://www.curvebeamai.com

CurveBeam AI Ltd is a manufacturer of specialized imaging equipment that has developed software that, through the use of artificial intelligence (AI), and deep learning AI (DLAI), automates the scan processing and analysis of the high-quality images produced from the Company's CT devices to assist in the clinical assessment and management of musculoskeletal health conditions, with a focus on orthopedic and bone health issues. The Company is the first to market with natural bilateral weight-bearing and non-weight-bearing CT, point-of-care imaging equipment with targeted proprietary AI solutions.

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