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Heritage Cannabis Holding (Heritage Cannabis Holding) Total Inventories : $12.59 Mil (As of Oct. 2023)


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What is Heritage Cannabis Holding Total Inventories?

Heritage Cannabis Holding's total inventories for the quarter that ended in Oct. 2023 was $12.59 Mil. Heritage Cannabis Holding's average total inventories from the quarter that ended in Jul. 2023 to the quarter that ended in Oct. 2023 was $12.88 Mil.

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

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heritage Cannabis Holding's Days Inventory for the three months ended in Oct. 2023 was 330.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heritage Cannabis Holding's Inventory Turnover for the quarter that ended in Oct. 2023 was 0.28.

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. Heritage Cannabis Holding's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 2.21.


Heritage Cannabis Holding Total Inventories Historical Data

The historical data trend for Heritage Cannabis Holding'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.

Heritage Cannabis Holding Total Inventories Chart

Heritage Cannabis Holding Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.18 3.95 12.97 12.27 12.59

Heritage Cannabis Holding Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 12.27 13.56 12.88 13.17 12.59

Heritage Cannabis Holding 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.


Heritage Cannabis Holding  (OTCPK:HERTF) 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.

Heritage Cannabis Holding's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is

Net-Net Working Capital Per Share (Q: Oct. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.519+0.75 * 4.93+0.5 * 12.588-25.525
-0-0)/944.866
=-0.01

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

Heritage Cannabis Holding's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Oct. 2023 )/Cost of Goods Sold (Q: Oct. 2023 )*Days in Period
=12.8805/3.555*365 / 4
=330.62

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

Heritage Cannabis Holding's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Oct. 2023 ) / Average Total Inventories (Q: Oct. 2023 )
=3.555 / 12.8805
=0.28

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.

Heritage Cannabis Holding's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Oct. 2023 ) / Revenue (Q: Oct. 2023 )
=12.8805 / 5.818
=2.21

* 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.


Heritage Cannabis Holding Total Inventories Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Traded in Other Exchanges
Address
77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2
Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.