Quantum Computing (Quantum Computing) Total Inventories : $0.07 Mil (As of Dec. 2023)

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What is Quantum Computing Total Inventories?

Quantum Computing's total inventories for the quarter that ended in Dec. 2023 was $0.07 Mil. Quantum Computing's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.04 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Quantum Computing's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quantum Computing's Days Inventory for the three months ended in Dec. 2023 was 51.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Quantum Computing's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.78.

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. Quantum Computing's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Quantum Computing Total Inventories Historical Data

The historical data trend for Quantum Computing'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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Quantum Computing Total Inventories Chart

Quantum Computing Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.07

Quantum Computing Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	0.07

Quantum Computing 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.

Quantum Computing (NAS:QUBT) 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.

Quantum Computing'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)
=	(2.059	+	0.75 * 0.065	+	0.5 * 0.073	-	5.46
-	0	-	0)	/	77.4514
=	-0.04

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

Quantum Computing'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
	=	0.0365	/	0.065	*	365 / 4
	=	51.24

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

Quantum Computing'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 )
	=	0.065	/	0.0365
	=	1.78

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.

Quantum Computing'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 )
	=	0.0365	/	0.075
	=	0.49

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.

Quantum Computing Total Inventories Related Terms

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Quantum Computing (Quantum Computing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quantum Computing Inc (NAS:QUBT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

215 Depot Court SE, Suite 215, Leesburg, VA, USA, 20175

Website

https://www.quantumcomputinginc.com

Quantum Computing Inc is focused on providing software tools and applications for quantum computers. Its products include the Qatalyst, Qatalyst Core, and Quantum Application Accelerator. Qatalyst enables developers to create and execute quantum-ready applications on conventional computers while being ready to run on quantum computers where those systems achieve performance advantage.

Executives

Robert Liscouski	director, 10 percent owner, officer: President, CEO	C/O IMPLANT SCIENCES CORPORATION, 500 RESEARCH DRIVE, WILMINGTON MA 01887
Christopher Boehmler	officer: Chief Financial Officer	1350 E CAPITOL ST NE, WASHINGTON DC 20003
Yuping Huang	director, 10 percent owner, officer: Chief Quantum Tech. Officer	815 BLANCH AVENUE, NORWOOD NJ 07648
Carl Scott Weimer	director	4751 SUMMERLIN PLACE, LONGMONT CO 80503
Michael C Turmelle	director	27 COUNTRY FARM WAY, STRATHAM NH 03885
William J Mcgann	director	C/O IMPLANT SCIENCE CORPORATION, 500 RESEARCH DRIVE, WILMINGTON MA 01887
David Charles Morris	officer: Chief Revenue Officer	144 DIABLO RANCH COURT, DANVILLE CA 94506
Robert B Fagenson	director	FAGENSON & CO. INC, 60 BROAD STREET, NEW YORK NY 10004
Bertrand Velge	director, 10 percent owner	BARNHOUSE FARM, BARNHOUSE LANE BROOKLAND, ROMNEY MARSH, KENT X0 TN299TR
Justin Schreiber	director	236 FIFTH AVENUE, SUITE 400, NEW YORK NY 10001
Christopher Bruce Roberts	director, officer: Chief Financial Officer	1014 PRIRY PLACE, MCLEAN VA 22101
Peter Anthony Schultz	10 percent owner	P.O. BOX 9024120, SAN JUAN PR 00902