Velocity Composites (LSE:VEL) Total Inventories : £2.50 Mil (As of Oct. 2024)

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What is Velocity Composites Total Inventories?

Velocity Composites's total inventories for the quarter that ended in Oct. 2024 was £2.50 Mil. Velocity Composites's average total inventories from the quarter that ended in Apr. 2024 to the quarter that ended in Oct. 2024 was £2.30 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Velocity Composites's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was £-0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Velocity Composites's Days Inventory for the six months ended in Oct. 2024 was 48.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Velocity Composites's Inventory Turnover for the quarter that ended in Oct. 2024 was 3.79.

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. Velocity Composites's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.19.

Velocity Composites Total Inventories Historical Data

The historical data trend for Velocity Composites'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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Velocity Composites Total Inventories Chart

Velocity Composites Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Total Inventories

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1.91

0.88

1.41

2.74

2.50

Velocity Composites Semi-Annual Data
	Oct14	Oct15	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Total Inventories	Get a 7-Day Free Trial														1.41	1.63	2.74	2.10	2.50

Velocity Composites 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.

Velocity Composites (LSE:VEL) 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.

Velocity Composites's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2024 is

	Net-Net Working Capital Per Share (Q: Oct. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.663	+	0.75 * 3.349	+	0.5 * 2.5	-	6.941
-	0	-	0)	/	53.510
=	-0.03

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

Velocity Composites's Days Inventory for the six months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	2.298	/	8.714	*	365 / 2
	=	48.13

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

Velocity Composites's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2024 )	/	Average Total Inventories (Q: Oct. 2024 )
	=	8.714	/	2.298
	=	3.79

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.

Velocity Composites's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	2.298	/	12.261
	=	0.19

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.

Velocity Composites Total Inventories Related Terms

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Velocity Composites Business Description

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Address

Billington Road, AMS Technology Park, Burnley, Lancashire, GBR, BB11 5UB

Website

https://www.velocity-composites.com

Velocity Composites PLC is a provider of engineered composite material kits to the aerospace industry. The company has operational functions across Europe, the UK, the U.S and the rest of the world. It generates maximum revenue from the United Kingdom. It offers Structural Pre-preg Kits, Engineered Vacuum Bag Material Kits, Honeycomb, Core Potting Compounds, Co-bonded Materials, Process & Tooling Aids, and Engineering Support Services. Revenue arises mainly from the sale of structural and consumable materials for use within the aerospace industry.