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Vitreous Glass (Vitreous Glass) Total Inventories : $0.49 Mil (As of Dec. 2023)


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What is Vitreous Glass Total Inventories?

Vitreous Glass's total inventories for the quarter that ended in Dec. 2023 was $0.49 Mil. Vitreous Glass's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.50 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vitreous Glass's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.17.

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 Turnover measures how fast the company turns over its inventory within a year. Vitreous Glass's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.74.

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 Total Inventories Historical Data

The historical data trend for Vitreous Glass'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.

Vitreous Glass Total Inventories Chart

Vitreous Glass 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 0.70 0.68 0.41 0.76 0.52

Vitreous Glass 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 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 0.46 0.45 0.49 0.52 0.49

Vitreous Glass 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.


Vitreous Glass  (OTCPK:VCIGF) 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.

Vitreous Glass'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)
=(1.307+0.75 * 0.381+0.5 * 0.487-0.751
-0-0)/6.31004
=0.17

2. 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

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

Vitreous Glass'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 )
=0.875 / 0.503
=1.74

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.

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

* 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.


Vitreous Glass Total Inventories Related Terms

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Vitreous Glass (Vitreous Glass) Business Description

Traded in Other Exchanges
Address
212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5
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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