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ABEPF (Vision Lithium) Inventory Turnover : 0.00 (As of May. 2024)


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What is Vision Lithium Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Vision Lithium's Cost of Goods Sold for the three months ended in May. 2024 was $0.01 Mil. Vision Lithium's Average Total Inventories for the quarter that ended in May. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vision Lithium's Days Inventory for the three months ended in May. 2024 was 0.00.

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 Lithium Inventory Turnover Historical Data

The historical data trend for Vision Lithium's Inventory Turnover 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 Lithium Inventory Turnover Chart

Vision Lithium Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Inventory Turnover
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Vision Lithium Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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Vision Lithium Inventory Turnover Calculation

Vision Lithium's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Inventory Turnover (A: Aug. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Aug. 2023 ) / ((Total Inventories (A: Aug. 2022 ) + Total Inventories (A: Aug. 2023 )) / count )
=0.009 / ((0 + 0) / 1 )
=0.009 / 0
=N/A

Vision Lithium's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

Inventory Turnover (Q: May. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: May. 2024 ) / ((Total Inventories (Q: Feb. 2024 ) + Total Inventories (Q: May. 2024 )) / count )
=0.007 / ((0 + 0) / 1 )
=0.007 / 0
=N/A

* 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.

Vision Lithium  (OTCPK:ABEPF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Vision Lithium's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: May. 2024 )/Cost of Goods Sold (Q: May. 2024 )*Days in Period
=0/0.007*365 / 4
=0.00

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

Inventory-to-Revenue=Average Total Inventories (Q: May. 2024 ) / Revenue (Q: May. 2024 )
=0 / 0
=

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Vision Lithium Inventory Turnover Related Terms

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Vision Lithium Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vision Lithium Inc (OTCPK:ABEPF) » Definitions » Inventory Turnover
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Traded in Other Exchanges
1AJ2:Germany VLI:Canada
Address
1019, Boulevard Des Pins, 2nd Floor, Val-d'OR, QC, CAN, J9P 4T2
Website
https://www.visionlithium.com
Vision Lithium Inc is a junior exploration company focused on exploring and developing high quality battery mineral assets including lithium and copper in safe jurisdictions, predominantly in Canada. The company's project includes Godslith Property, Cadillac, Sirmac Property, Dome Lemieux property, and others.