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BWMG (Brownie's Marine Group) Total Inventories : $1.97 Mil (As of Sep. 2024)


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What is Brownie's Marine Group Total Inventories?

Brownie's Marine Group's total inventories for the quarter that ended in Sep. 2024 was $1.97 Mil. Brownie's Marine Group's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $2.03 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Brownie's Marine Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Brownie's Marine Group's Days Inventory for the three months ended in Sep. 2024 was 135.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Brownie's Marine Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.67.

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. Brownie's Marine Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.82.


Brownie's Marine Group Total Inventories Historical Data

The historical data trend for Brownie's Marine Group'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.

* Premium members only.

Brownie's Marine Group Total Inventories Chart

Brownie's Marine Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.86 1.90 2.42 2.00

Brownie's Marine Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Inventories 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 2.05 2.00 1.97 2.09 1.97

Brownie's Marine Group 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.


Brownie's Marine Group  (OTCPK:BWMG) 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.

Brownie's Marine Group'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)
=(0.646+0.75 * 0.42+0.5 * 1.967-3.835
-0-0)/439.323
=-0.00

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

Brownie's Marine Group'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
=2.0265/1.366*365 / 4
=135.37

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

Brownie's Marine Group'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 )
=1.366 / 2.0265
=0.67

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.

Brownie's Marine Group'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 )
=2.0265 / 2.469
=0.82

* 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

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.


Brownie's Marine Group Total Inventories Related Terms

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Brownie's Marine Group Business Description

Traded in Other Exchanges
N/A
Address
3001 North West 25th Avenue, Suite 1, Pompano Beach, FL, USA, 33069
Brownie's Marine Group Inc designs, tests, manufactures and distributes tankless dive systems, rescue air systems and yacht-based self-contained underwater breathing apparatus ("SCUBA") air compressor and nitrox generation fill systems and acts as the exclusive distributor in North and South America for Lenhardt & Wagner GmbH ("L&W") compressors in the high-pressure breathing air and industrial gas markets. The Company sells its products both on a wholesale and retail basis.
Executives
Alexander Fraser Purdon 10 percent owner 5205 SW 83 TERRACE, GAINESVILLE FL 32608
Mikkel Pitzner director 716 SE 8TH STREET, FT. LAUDERDALE FL 33316
Armstrong Grant Wesley Jr director 1002 WESTRIDGE ROAD, GREENSBORO NC 27410
Jeffrey William Morris 10 percent owner 2148 NE 24TH STREET, WILTON MANORS FL 33305
Joshua William Arvin 10 percent owner 1900 PURDY AVE TS4, MIAMI FL 33139
Robert M Carmichael officer: President and CEO 940 N.W. 1 STREET, FORT LAUDERDALE FL 33311