Next Hydrogen Solutions (TSXV:NXH) Total Inventories : C$3.27 Mil (As of Mar. 2024)

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What is Next Hydrogen Solutions Total Inventories?

Next Hydrogen Solutions's total inventories for the quarter that ended in Mar. 2024 was C$3.27 Mil. Next Hydrogen Solutions's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was C$3.29 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Next Hydrogen Solutions's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Next Hydrogen Solutions's Days Inventory for the three months ended in Mar. 2024 was 393.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Next Hydrogen Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.23.

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. Next Hydrogen Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.71.

Next Hydrogen Solutions Total Inventories Historical Data

The historical data trend for Next Hydrogen Solutions'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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Next Hydrogen Solutions Total Inventories Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Total Inventories

1.54

2.89

3.31

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial													3.35	4.74	5.07	3.31	3.27

Next Hydrogen Solutions 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.

Next Hydrogen Solutions (TSXV:NXH) 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.

Next Hydrogen Solutions's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(9.583	+	0.75 * 0.342	+	0.5 * 3.274	-	13.631
-	0	-	0)	/	22.9035
=	-0.09

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

Next Hydrogen Solutions's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3.2905	/	0.764	*	365 / 4
	=	393.01

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

Next Hydrogen Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	0.764	/	3.2905
	=	0.23

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.

Next Hydrogen Solutions's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3.2905	/	0.576
	=	5.71

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.

Next Hydrogen Solutions Total Inventories Related Terms

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Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

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Traded in Other Exchanges

NXHSF:USA

Address

6610 Edwards Boulevard, Mississauga, ON, CAN, L5T 2V6

Website

https://www.nexthydrogen.com

Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The company generates revenue from customer contracts from the principal sources of product and equipment sales and services as well as aftermarket sales.

Executives

Anthony Robert Guglielmin

Director

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