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Financial Gravity's total inventories for the quarter that ended in Jun. 2023 was $0.00 Mil. Financial Gravity's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $0.00 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Financial Gravity's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.01.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. Financial Gravity's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.
The historical data trend for Financial Gravity'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.
Financial Gravity Annual Data | |||||||||||||||||||||
Trend | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Financial Gravity Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Jun23 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Financial Gravity (OTCPK:FGCO) 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.
Financial Gravity's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is
Net-Net Working Capital Per Share (Q: Jun. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (0.108 | + | 0.75 * 0 | + | 0.5 * 0 | - | 1.395 |
- | 0 | - | 0) | / | 94.7758 | ||
= | -0.01 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Financial Gravity's Days Inventory for the three months ended in Jun. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2023 ) | / | Cost of Goods Sold (Q: Jun. 2023 ) | * | Days in Period |
= | 0 | / | 0 | * | 365 / 4 | |
= |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Financial Gravity's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2023 ) | / | Average Total Inventories (Q: Jun. 2023 ) |
= | 0 | / | 0 | |
= | N/A |
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.
Financial Gravity's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2023 ) | / | Revenue (Q: Jun. 2023 ) |
= | 0 | / | 1.684 | |
= | 0.00 |
* 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 Financial Gravity's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark John Williams | director | 26420 VIA MALLORCA, CARMEL CA 93923 |
William Robert Nelson | director | 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734 |
Gary Joel Nemer | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Jennifer Winters | director | 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734 |
Scott Christopher Winters | director, officer: CEO, Co-Chairman of the Board | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Paul O Williams | director, officer: Chief Financial Officer | 800 N. WATTERS ROAD. SUITE 120, ALLEN TX 75013 |
Debra Lynn Buckner | officer: Chief Operating Officer | 8505 S. COUNTRY CLUB DRIVE, OKLAHOMA CITY OK 73159 |
David W. Myers | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Todd Bourgeois | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Michael Lin Ashby | director | 800 N. WATTERS RD., SUITE 150, ALLEN TX 75013 |
John David Pollock | director, 10 percent owner, officer: CEO | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
Ricky J Johnson | officer: Chief Operating Officer | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
George E Crumley | director | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
James F. Reggio | officer: CTO and Chief Mktg Officer | 3607 POLO RUN DR., FLOWER MOUND TX 75028 |
Arthur David Crowley | director, officer: Pres. and Ch. Strategy Officer | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
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