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Cyanotech's total inventories for the quarter that ended in Dec. 2023 was $9.12 Mil. Cyanotech's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $9.36 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cyanotech's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.97.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cyanotech's Days Inventory for the three months ended in Dec. 2023 was 217.10.
Inventory Turnover measures how fast the company turns over its inventory within a year. Cyanotech's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.42.
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. Cyanotech's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.68.
The historical data trend for Cyanotech'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.
Cyanotech Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 11.27 | 9.65 | 8.42 | 9.47 | 10.71 |
Cyanotech 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 | 11.57 | 10.71 | 10.51 | 9.59 | 9.12 |
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.
Cyanotech (OTCPK:CYAN) 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.
Cyanotech'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) | ||
= | (0.661 | + | 0.75 * 2.036 | + | 0.5 * 9.124 | - | 13.421 |
- | 0 | - | 0) | / | 6.8866 | ||
= | -0.97 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cyanotech'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 |
= | 9.3575 | / | 3.933 | * | 365 / 4 | |
= | 217.10 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Cyanotech'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 ) |
= | 3.933 | / | 9.3575 | |
= | 0.42 |
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.
Cyanotech'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 ) |
= | 9.3575 | / | 5.582 | |
= | 1.68 |
* 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.
Thank you for viewing the detailed overview of Cyanotech's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Kakuk Collette Nicole | officer: Chief Strategic Comml Officer | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Michael A / Davis | director, 10 percent owner | 1621 JUANITA LANE, TIBURON CA 94920 |
Angela May Mcelwee | director | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Charles Jason Hartmann | officer: VP, Sales & Marketing | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Glenn Jensen | officer: VP-Operations | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA-KONA HI 96740 |
Jennifer M. Johansen | officer: VP of Quality | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA HI 96740 |
Walter Bennett Menzel | director | 45 MOUNT TIBURON ROAD, TIBURON CA 94920 |
Felicia I Ladin | officer: CFO, VP Fin & Admin, Treasurer | 26 CORPORATE CIRCLE, ALBANY NY 12203 |
Matthew Keith Custer | officer: Vice President, Gen Mgr | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA HI 96740 |
Amy Beth Nordin | officer: VP, HR, Secretary | 73-4460 QUEEN KAAHUMANU HWY. SUITE 102, KAILUA-KONA HI 96740 |
Brian Brett Orlopp | officer: CFO, VP, Treasurer, Secretary | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA CA 96740 |
Gerald J Watts | officer: COO | 2530 RED HILL AVE, SANTA ANA CA 92705 |
Mawae Morton | officer: President | 7473 MAKA'A STREET, HONOLULU HI 96825 |
Nancy E Katz | director | CALYPTE BIOMEDICAL CORP, 1265 HARBOR BAY PKWY, ALAHEDA CA 94502 |
David M Mulder | director | 21771 CALATRAVA, MISSION VIEJO CA 92692 |
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