Medical Marijuana (Medical Marijuana) Total Inventories : $3.86 Mil (As of Dec. 2017)

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What is Medical Marijuana Total Inventories?

Medical Marijuana's total inventories for the quarter that ended in Dec. 2017 was $3.86 Mil. Medical Marijuana's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Dec. 2017 was $3.63 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Medical Marijuana's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was $-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Medical Marijuana's Days Inventory for the six months ended in Dec. 2017 was 81.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Medical Marijuana's Inventory Turnover for the quarter that ended in Dec. 2017 was 2.23.

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. Medical Marijuana's Inventory-to-Revenue for the quarter that ended in Dec. 2017 was 0.14.

Medical Marijuana Total Inventories Historical Data

The historical data trend for Medical Marijuana'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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Medical Marijuana Total Inventories Chart

Medical Marijuana Annual Data

Trend

Dec09

Dec10

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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0.03

3.32

4.71

3.41

3.86

Medical Marijuana Semi-Annual Data
	Dec09	Dec10	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Total Inventories	Get a 7-Day Free Trial			0.03	3.32	4.71	3.41	3.86

Medical Marijuana 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.

Medical Marijuana (OTCPK:MJNA) 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.

Medical Marijuana's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 is

	Net-Net Working Capital Per Share (Q: Dec. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.294	+	0.75 * 0.106	+	0.5 * 3.856	-	15.451
-	0	-	0)	/	3270.66
=	-0.00

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

Medical Marijuana's Days Inventory for the six months ended in Dec. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2017 )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
	=	3.6335	/	8.114	*	365 / 2
	=	81.72

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

Medical Marijuana's Inventory Turnover for the quarter that ended in Dec. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2017 )	/	Average Total Inventories (Q: Dec. 2017 )
	=	8.114	/	3.6335
	=	2.23

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.

Medical Marijuana's Inventory to Revenue for the quarter that ended in Dec. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2017 )	/	Revenue (Q: Dec. 2017 )
	=	3.6335	/	26.523
	=	0.14

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.

Medical Marijuana Total Inventories Related Terms

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Medical Marijuana (Medical Marijuana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medical Marijuana Inc (OTCPK:MJNA) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

2384 La Mirada Drive, Vista, CA, USA, 92081

Website

https://www.medicalmarijuanainc.com

Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.