VMAR (Vision Marine Technologies) Days Inventory : 365.47 (As of Aug. 2024)

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What is Vision Marine Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vision Marine Technologies's Average Total Inventories for the three months ended in Aug. 2024 was $4.28 Mil. Vision Marine Technologies's Cost of Goods Sold for the three months ended in Aug. 2024 was $1.07 Mil. Hence, Vision Marine Technologies's Days Inventory for the three months ended in Aug. 2024 was 365.47.

The historical rank and industry rank for Vision Marine Technologies's Days Inventory or its related term are showing as below:

VMAR' s Days Inventory Range Over the Past 10 Years
Min: 131.75 Med: 205.33 Max: 690.29
Current: 516.86

During the past 7 years, Vision Marine Technologies's highest Days Inventory was 690.29. The lowest was 131.75. And the median was 205.33.

VMAR's Days Inventory is ranked worse than
98.26% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 80.545 vs VMAR: 516.86

Vision Marine Technologies's Days Inventory increased from Aug. 2023 (211.90) to Aug. 2024 (365.47). It might indicate that Vision Marine Technologies's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vision Marine Technologies's Inventory Turnover for the three months ended in Aug. 2024 was 0.25.

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. Vision Marine Technologies's Inventory-to-Revenue for the three months ended in Aug. 2024 was 2.01.

Vision Marine Technologies Days Inventory Historical Data

The historical data trend for Vision Marine Technologies's Days 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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Vision Marine Technologies Days Inventory Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Days Inventory

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131.75

233.54

184.94

205.33

690.29

Vision Marine Technologies Quarterly Data
	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Inventory	Get a 7-Day Free Trial															211.90	470.70	709.67	771.44	365.47

Competitive Comparison of Vision Marine Technologies's Days Inventory

For the Recreational Vehicles subindustry, Vision Marine Technologies's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Vision Marine Technologies's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Vision Marine Technologies's Days Inventory falls into.

Vision Marine Technologies Days Inventory Calculation

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

Vision Marine Technologies's Days Inventory for the fiscal year that ended in Aug. 2024 is calculated as

	Days Inventory (A: Aug. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2023 )	+	Total Inventories (A: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2024 )	*	Days in Period
=	( (1.815	+	4.547)	/	2 )	/	1.682	*	365
=	3.181					/	1.682	*	365
=	690.29

Vision Marine Technologies's Days Inventory for the quarter that ended in Aug. 2024 is calculated as:

	Days Inventory (Q: Aug. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: May. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (4.016	+	4.547)	/	2 )	/	1.069	*	365 / 4
=	4.2815					/	1.069	*	365 / 4
=	365.47

Vision Marine Technologies (NAS:VMAR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Vision Marine Technologies's Inventory Turnover for the three months ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.069	/	4.2815
	=	0.25

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.

Vision Marine Technologies's Inventory to Revenue for the three months ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.2815	/	2.126
	=	2.01

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Vision Marine Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Vision Marine Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Vision Marine Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company include Bruce 22, Fantail 217, Volt 180, and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from the Sale of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.