BRLS (Borealis Foods) Total Inventories : $8.75 Mil (As of Sep. 2024)

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What is Borealis Foods Total Inventories?

Borealis Foods's total inventories for the quarter that ended in Sep. 2024 was $8.75 Mil. Borealis Foods's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $8.21 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Borealis Foods's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-2.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Borealis Foods's Days Inventory for the three months ended in Sep. 2024 was 116.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Borealis Foods's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.78.

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. Borealis Foods's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.07.

Borealis Foods Total Inventories Historical Data

The historical data trend for Borealis Foods'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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Borealis Foods Total Inventories Chart

Borealis Foods Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

6.10

Borealis Foods Quarterly Data
	Dec21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial					-	-	6.80	7.66	8.75

Borealis Foods 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.

Borealis Foods (NAS:BRLS) 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.

Borealis Foods's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.722	+	0.75 * 2.908	+	0.5 * 8.75	-	56.842
-	0	-	0)	/	21.3789
=	-2.32

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

Borealis Foods's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	8.2055	/	6.415	*	365 / 4
	=	116.72

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

Borealis Foods's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	6.415	/	8.2055
	=	0.78

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.

Borealis Foods's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	8.2055	/	7.688
	=	1.07

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.

Borealis Foods Total Inventories Related Terms

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Borealis Foods Business Description

Industry

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Address

1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5

Website

https://www.borealisfoods.com

Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability, and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.