Vitreous Glass (Vitreous Glass) Inventory Turnover : 1.74 (As of Dec. 2023)

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What is Vitreous Glass Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Vitreous Glass's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.88 Mil. Vitreous Glass's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.50 Mil. Vitreous Glass's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vitreous Glass's Days Inventory for the three months ended in Dec. 2023 was 52.46.

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. Vitreous Glass's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Vitreous Glass Inventory Turnover Historical Data

The historical data trend for Vitreous Glass's Inventory Turnover 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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Vitreous Glass Inventory Turnover Chart

Vitreous Glass Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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7.58

5.22

8.38

6.69

5.90

Vitreous Glass Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.83	1.89	1.91	1.82	1.74

Vitreous Glass Inventory Turnover Calculation

Vitreous Glass's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	3.784	/ (	(0.764	+	0.519)	/	2 )
=	3.784	/	0.6415
=	5.90

Vitreous Glass's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.875	/ (	(0.519	+	0.487)	/	2 )
=	0.875	/	0.503
=	1.74

Vitreous Glass (OTCPK:VCIGF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Vitreous Glass'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
	=	0.503	/	0.875	*	365 / 4
	=	52.46

2. 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.

Vitreous Glass'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 )
	=	0.503	/	1.746
	=	0.29

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Vitreous Glass Inventory Turnover Related Terms

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Vitreous Glass (Vitreous Glass) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vitreous Glass Inc (OTCPK:VCIGF) » Definitions » Inventory Turnover

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VCI:Canada

Address

212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5

Website

https://www.vitreousglass.ca

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass to sand and then this sand is sold to fiberglass insulation manufacturers as furnace ready cullet for use in their production facilities. Its sole source of revenue is generated by providing crushed glass to its customers.

Vitreous Glass (Vitreous Glass) Headlines

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