Verde AgriTech (TSX:NPK) Total Inventories : C$2.45 Mil (As of Dec. 2023)

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What is Verde AgriTech Total Inventories?

Verde AgriTech's total inventories for the quarter that ended in Dec. 2023 was C$2.45 Mil. Verde AgriTech's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$2.61 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Verde AgriTech's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Verde AgriTech's Days Inventory for the three months ended in Dec. 2023 was 43.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Verde AgriTech's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.10.

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. Verde AgriTech's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

Verde AgriTech Total Inventories Historical Data

The historical data trend for Verde AgriTech'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.

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Verde AgriTech Total Inventories Chart

Verde AgriTech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.29

0.57

1.10

2.47

2.45

Verde AgriTech 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															2.47	2.65	3.83	2.77	2.45

Verde AgriTech 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.

Verde AgriTech (TSX:NPK) 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.

Verde AgriTech'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)
=	(6.975	+	0.75 * 12.942	+	0.5 * 2.448	-	50.666
-	0	-	0)	/	52.6697
=	-0.62

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

Verde AgriTech'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
	=	2.608	/	5.486	*	365 / 4
	=	43.38

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

Verde AgriTech'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 )
	=	5.486	/	2.608
	=	2.10

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.

Verde AgriTech'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 )
	=	2.608	/	7.058
	=	0.37

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.

Verde AgriTech Total Inventories Related Terms

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Verde AgriTech (TSX:NPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Verde AgriTech Ltd (TSX:NPK) » Definitions » Total Inventories

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Traded in Other Exchanges

VNPKF:USA T48:Germany

Address

105 Cecil Street, No. 15-02, The Octagon, Singapore, SGP, 069534

Website

https://investor.verde.ag

Verde AgriTech Ltd promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project, from which the company produces solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. The multi-nutrient potassium fertilizer marketed in Brazil under the brand K Forte and internationally as Super Greensand is one of Verde's sustainable products from which the nature-driven technology company helps to improve the soil microbiome.