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Vitreous Glass (TSXV:VCI) Inventory-to-Revenue : 0.28 (As of Dec. 2024)


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What is Vitreous Glass Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Dec. 2024 was C$0.69 Mil. Vitreous Glass's Revenue for the three months ended in Dec. 2024 was C$2.46 Mil. Vitreous Glass's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.28.

Vitreous Glass's Inventory-to-Revenue for the quarter that ended in Dec. 2024 increased from Sep. 2024 (0.27) to Sep. 2024 (0.28)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

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. 2024 was 46.06.

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. 2024 was 1.98.


Vitreous Glass Inventory-to-Revenue Historical Data

The historical data trend for Vitreous Glass's Inventory-to-Revenue 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 Inventory-to-Revenue Chart

Vitreous Glass Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.06 0.08 0.08 0.07

Vitreous Glass Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Inventory-to-Revenue 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 0.29 0.25 0.24 0.27 0.28

Competitive Comparison of Vitreous Glass's Inventory-to-Revenue

For the Waste Management subindustry, Vitreous Glass's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.


Vitreous Glass's Inventory-to-Revenue Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Vitreous Glass's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Vitreous Glass's Inventory-to-Revenue falls into.


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Vitreous Glass Inventory-to-Revenue Calculation

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 fiscal year that ended in Sep. 2024 is calculated as

Inventory-to-Revenue (A: Sep. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Sep. 2023 ) + Total Inventories (A: Sep. 2024 )) / count ) / Revenue (A: Sep. 2024 )
=( (0.702 + 0.669) / 2 ) / 9.657
=0.6855 / 9.657
=0.07

Vitreous Glass's Inventory-to-Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue (Q: Dec. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count ) / Revenue (Q: Dec. 2024 )
=( (0.669 + 0.708) / 2 ) / 2.459
=0.6885 / 2.459
=0.28

* 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.


Vitreous Glass  (TSXV:VCI) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=0.6885/1.364*365 / 4
=46.06

2. 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. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2024 ) / Average Total Inventories (Q: Dec. 2024 )
=1.364 / 0.6885
=1.98

* 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.


Vitreous Glass Inventory-to-Revenue Related Terms

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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 into sand and then this sand is sold to fiberglass insulation manufacturers as furnace-ready cullet for use in their production facilities. The sole source of revenue of the company is generated by providing crushed glass to its customers.
Executives
Darcy Forbes Senior Officer
Timothy Howard Rendell Senior Officer
John Patrick Cashion 10% Security Holder, Director, Senior Officer
Meredith Ann Cashion Director

Vitreous Glass Headlines

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