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Ultra Lithium (TSXV:ULT) Total Inventories : C$0.00 Mil (As of Jul. 2024)


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What is Ultra Lithium Total Inventories?

Ultra Lithium's total inventories for the quarter that ended in Jul. 2024 was C$0.00 Mil. Ultra Lithium's average total inventories from the quarter that ended in Apr. 2024 to the quarter that ended in Jul. 2024 was C$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ultra Lithium's Net-Net Working Capital per share for the quarter that ended in Jul. 2024 was C$-0.02.

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

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

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.


Ultra Lithium Total Inventories Historical Data

The historical data trend for Ultra Lithium'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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Ultra Lithium Total Inventories Chart

Ultra Lithium Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Total Inventories
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Ultra Lithium Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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Ultra Lithium 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.


Ultra Lithium  (TSXV:ULT) 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.

Ultra Lithium's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2024 is

Net-Net Working Capital Per Share (Q: Jul. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.084+0.75 * 0+0.5 * 0-3.094
-0-0)/191.095
=-0.02

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

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

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

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

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

Inventory Turnover=Cost of Goods Sold (Q: Jul. 2024 ) / Average Total Inventories (Q: Jul. 2024 )
=0 / 0
=N/A

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.

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

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

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.


Ultra Lithium Total Inventories Related Terms

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Ultra Lithium Business Description

Traded in Other Exchanges
Address
2735 Carolina Street, Vancouver, BC, CAN, V5T 3T3
Ultra Lithium Inc is engaged in the acquisition, exploration, and evaluation of assets. The properties in which the company currently has an interest are in the exploration stage. The geographical segments of the group are Canada, the United States, and Argentina. Some of its properties are Georgia Lake, Forgan Lake, Antofagasta, and La Rioja, among others.
Executives
Kiriaki Smith Senior Officer
Weiguo Lang Director
Andrew Lee Smith Director

Ultra Lithium Headlines

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