Argo Blockchain (LSE:ARB) Total Inventories : £0.00 Mil (As of Dec. 2023)

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What is Argo Blockchain Total Inventories?

Argo Blockchain's total inventories for the quarter that ended in Dec. 2023 was £0.00 Mil. Argo Blockchain's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was £0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Argo Blockchain's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Argo Blockchain's Days Inventory for the three months ended in Dec. 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. Argo Blockchain's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Argo Blockchain Total Inventories Historical Data

The historical data trend for Argo Blockchain'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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Argo Blockchain Total Inventories Chart

Argo Blockchain Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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Argo Blockchain Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial												-	-	-	-	-

Argo Blockchain 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.

Argo Blockchain (LSE:ARB) 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.

Argo Blockchain'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)
=	(6.184	+	0.75 * 0.893	+	0.5 * 0	-	59.868
-	0	-	0)	/	536.963
=	-0.10

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

Argo Blockchain's Days Inventory for the three 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
	=	0	/	9.199	*	365 / 4
	=	0.00

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

Argo Blockchain'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 )
	=	9.199	/	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.

Argo Blockchain'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 )
	=	0	/	13.91
	=	0.00

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.

Argo Blockchain Total Inventories Related Terms

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Argo Blockchain (LSE:ARB) Business Description

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Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.argoblockchain.com

Argo Blockchain PLC is a global data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.