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Cleanspark (Cleanspark) Total Inventories : $1.0 Mil (As of Mar. 2024)


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What is Cleanspark Total Inventories?

Cleanspark's total inventories for the quarter that ended in Mar. 2024 was $1.0 Mil. Cleanspark's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cleanspark's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cleanspark's Days Inventory for the three months ended in Mar. 2024 was 2.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cleanspark's Inventory Turnover for the quarter that ended in Mar. 2024 was 39.81.

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. Cleanspark's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.


Cleanspark Total Inventories Historical Data

The historical data trend for Cleanspark'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.

Cleanspark Total Inventories Chart

Cleanspark Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.25 0.08 0.22 0.81

Cleanspark Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.75 1.04 0.81 0.73 0.99

Cleanspark 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.


Cleanspark  (NAS:CLSK) 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.

Cleanspark'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)
=(678.825+0.75 * 0+0.5 * 0.991-74.398
-0.002-0)/225.47
=2.68

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

Cleanspark'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
=0.8615/34.298*365 / 4
=2.29

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

Cleanspark'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 )
=34.298 / 0.8615
=39.81

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.

Cleanspark'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 )
=0.8615 / 111.799
=0.01

* 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.


Cleanspark Total Inventories Related Terms

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Cleanspark (Cleanspark) Business Description

Traded in Other Exchanges
Address
2370 Corporate Circle, Suite 160, Henderson, NV, USA, 89074
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.
Executives
Larry Mcneill director 1185 SOUTH 1800 WEST, SUITE 3, WOODS CROSS UT 84087
Gary Anthony Vecchiarelli officer: Chief Financial Officer 6980 OBANNON DRIVE, LAS VEGAS NV 89117
Roger Paul Beynon director P.O. BOX 1268, BOUNTIFUL UT 84011
Thomas Leigh Wood director 70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Amanda Cavaleri director 2370 CORPORATE CIRCLE, SUITE 160, HENDERSON NV 89074
Zachary Bradford director, officer: CEO and President 2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
S. Matthew Schultz director, officer: Executive Chairman 2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Amer Tadayon officer: Chief Revenue Officer 1185 S. 1800 WEST, SUITE 3, WOODS CROSS UT 84087
Lori Love officer: Chief Financial Officer 70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Anthony M Vastola officer: Chief Strategy Officer 70 NORTH MAIN STREET, STE. 105, BOUNTIFUL UT 84010
Amanda Kabak officer: Chief Technology Officer 70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Brian Huber director, officer: Chief Operating Officer 70 NORTH MAIN STREET, STE. 105, BOUNTIFUL UT 84010
Michael Gary Barrett officer: COO 2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Bruce Lybbert director, 10 percent owner, officer: Officer 2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Burkeley J Priest director, officer: Pres, Sec, Treas & Director PO BOX 573633, MURRAY UT 84157