Velan (TSX:VLN) Change In Inventory : C$3.4 Mil (TTM As of Aug. 2024)

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What is Velan Change In Inventory?

Velan's change in inventory for the quarter that ended in Aug. 2024 was C$-4.1 Mil. It means Velan's inventory increased by C$4.1 Mil from May. 2024 to Aug. 2024 .

Velan's change in inventory for the fiscal year that ended in Feb. 2024 was C$-5.7 Mil. It means Velan's inventory increased by C$5.7 Mil from Feb. 2023 to Feb. 2024 .

Velan's Total Inventories for the quarter that ended in Aug. 2024 was C$307.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Velan's Days Inventory for the quarter that ended in Aug. 2024 was 282.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Velan's Inventory Turnover for the quarter that ended in Aug. 2024 was 0.32.

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. Velan's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 2.26.

Velan Change In Inventory Historical Data

The historical data trend for Velan's Change In Inventory 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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Velan Change In Inventory Chart

Velan Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Change In Inventory

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-9.78

-33.18

-35.62

19.15

-5.74

Velan Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Change In Inventory	Get a 7-Day Free Trial															-10.33	-1.24	24.04	-15.25	-4.11

Velan Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$3.4 Mil.

Velan (TSX:VLN) Change In Inventory Explanation

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

Velan's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	304.338	/	98.287	*	365 / 4
	=	282.55

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

Velan's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	98.287	/	304.338
	=	0.32

3. 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.

Velan's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	304.338	/	134.702
	=	2.26

Velan Change In Inventory Related Terms

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Velan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (TSX:VLN) » Definitions » Change In Inventory

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VLNSF:USA 946:Germany

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy and Other countries.