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Good Natured Products (TSXV:GDNP) Total Inventories : C$11.34 Mil (As of Dec. 2023)


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What is Good Natured Products Total Inventories?

Good Natured Products's total inventories for the quarter that ended in Dec. 2023 was C$11.34 Mil. Good Natured Products's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$11.60 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Good Natured Products's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Good Natured Products's Days Inventory for the three months ended in Dec. 2023 was 75.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Good Natured Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.21.

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. Good Natured Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.62.


Good Natured Products Total Inventories Historical Data

The historical data trend for Good Natured Products'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.

Good Natured Products Total Inventories Chart

Good Natured Products Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.92 6.29 16.04 12.66 11.34

Good Natured Products 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 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 12.66 11.91 10.86 11.86 11.34

Good Natured Products 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.


Good Natured Products  (TSXV:GDNP) 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.

Good Natured Products'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)
=(7.3+0.75 * 9.131+0.5 * 11.343-87.304
-0-0)/278.822
=-0.24

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

Good Natured Products'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
=11.599/14.005*365 / 4
=75.57

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

Good Natured Products'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 )
=14.005 / 11.599
=1.21

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.

Good Natured Products'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 )
=11.599 / 18.589
=0.62

* 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.


Good Natured Products Total Inventories Related Terms

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Good Natured Products (TSXV:GDNP) Business Description

Traded in Other Exchanges
Address
814 - 470 Granville Street, Vancouver, BC, CAN, V6C 1V5
Good Natured Products Inc offers a broad assortment of plant-based products. All of the Company's operations are within the packaging and consumer goods manufacturing industry. The Company manufactures and/or sources over 400 products that are grouped into five business groups: General Merchandise, Packaging, Industrial, Commercial Supplies, and Services. The Company offers its products through wholesale, direct to business, and retail channels.
Executives
James Noel Harvey Senior Officer

Good Natured Products (TSXV:GDNP) Headlines

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