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Meta Materials (Meta Materials) Total Inventories : $0.17 Mil (As of Dec. 2023)


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What is Meta Materials Total Inventories?

Meta Materials's total inventories for the quarter that ended in Dec. 2023 was $0.17 Mil. Meta Materials's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.15 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Meta Materials's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meta Materials's Days Inventory for the three months ended in Dec. 2023 was 13.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meta Materials's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.65.

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. Meta Materials's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.


Meta Materials Total Inventories Historical Data

The historical data trend for Meta Materials'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.

Meta Materials Total Inventories Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
- 0.46 0.27 0.47 0.17

Meta Materials Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.47 0.46 0.48 0.12 0.17

Meta Materials 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.


Meta Materials  (NAS:MMAT) 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.

Meta Materials's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(9.724+0.75 * 0.943+0.5 * 0.169-33.292
-0-0)/5.65944
=-4.02

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

Meta Materials's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0.1455/0.967*365 / 4
=13.73

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

Meta Materials's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=0.967 / 0.1455
=6.65

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.

Meta Materials's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0.1455 / 2.323
=0.06

* 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.


Meta Materials Total Inventories Related Terms

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Meta Materials (Meta Materials) Business Description

Traded in Other Exchanges
Address
60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
Executives
Jennifer K. Cheraso officer: Chief Human Resources Officer C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
James Macmillan Fusaro director, officer: Chief Executive Officer 1900 S. PRICE ROAD, CHANDLER AZ 85248
Philippe Morali director 400 N. MCCARTHY BLVD., MILPITAS CA 94089
Georgios Palikaras director, 10 percent owner, officer: See Remarks C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 BY2 4M9
David Daniel Eaton officer: Chief Legal Officer 1706 PASEO DE PERALTA, SANTA FE NM 87501
Uzi Sasson officer: See Remarks 2041 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Vyomesh Joshi director 17343 VIA DEL CAMPO, SAN DIEGO CA 92127
Eugenia Corrales director C/O SHORETEL, INC., 960 STEWART DRIVE, SUNNYVALE CA 94085
Jonathan Waldern officer: Chief Technical Officer C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Rice Kenneth L Jr officer: See Remarks C/O 85 MAIN STREET, HOPKINTON MA 01748
Thomas Gordon Welch 10 percent owner 47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0
John R Harding director C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Steen Karsbo director C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Michael James Graves director 5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Anne Barber Lambert 10 percent owner 47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0