Bon Natural Life (Bon Natural Life) Total Inventories : $0.99 Mil (As of Sep. 2023)

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What is Bon Natural Life Total Inventories?

Bon Natural Life's total inventories for the quarter that ended in Sep. 2023 was $0.99 Mil. Bon Natural Life's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was $1.40 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Bon Natural Life's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-5.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bon Natural Life's Days Inventory for the six months ended in Sep. 2023 was 22.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bon Natural Life's Inventory Turnover for the quarter that ended in Sep. 2023 was 8.06.

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. Bon Natural Life's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.09.

Bon Natural Life Total Inventories Historical Data

The historical data trend for Bon Natural Life'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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Bon Natural Life Total Inventories Chart

Bon Natural Life Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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2.60

1.02

1.60

1.72

0.99

Bon Natural Life Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial						1.60	2.14	1.72	1.80	0.99

Bon Natural Life 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.

Bon Natural Life (NAS:BON) 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.

Bon Natural Life's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.113	+	0.75 * 4.602	+	0.5 * 0.987	-	10.574
-	0	-	0.497)	/	1.17387
=	-5.97

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

Bon Natural Life's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.395	/	11.249	*	365 / 2
	=	22.63

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

Bon Natural Life's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	11.249	/	1.395
	=	8.06

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.

Bon Natural Life's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.395	/	15.372
	=	0.09

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.

Bon Natural Life Total Inventories Related Terms

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Bon Natural Life (Bon Natural Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bon Natural Life Ltd (NAS:BON) » Definitions » Total Inventories

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Address

C601, Gazelle Valley, No.69 Jinye Road, Xi’an Hi-tech Zone, Xi’an, CHN, 710077

Website

https://www.bnlus.com

Bon Natural Life Ltd is engaged in the manufacturing of personal care ingredients, such as plant extracted fragrance compounds to perfume and fragrance manufacturers, natural health supplements such as powder drinks and bioactive food ingredient products mostly used as food additives and nutritional supplements. The company has its geographic presence in PRC and in Overseas.