VGFCQ (The Very Good Food Co) Total Inventories: $6.81 Mil (As of Sep. 2022)


VGFCQ The Very Good Food Co Inc VGFCQ
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What is The Very Good Food Co Total Inventories?

The Very Good Food Co VGFCQ -99.98% 12 Total Inventories is $6.81 Mil as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

The Very Good Food Co's total inventories for the quarter that ended in Sep. 2022 was $6.81 Mil. The Very Good Food Co's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Sep. 2022 was $7.51 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Very Good Food Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Very Good Food Co's Days Inventory for the three months ended in Sep. 2022 was 357.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Very Good Food Co's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.26.

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. The Very Good Food Co's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 5.70.


The Very Good Food Co  (OTCPK:VGFCQ) 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.

The Very Good Food Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is

Net-Net Working Capital Per Share (Q: Sep. 2022 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.531+0.75 * 0.776+0.5 * 6.805-23.476
-0-0)/132.313
=-0.14

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

The Very Good Food Co's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2022 )/Cost of Goods Sold (Q: Sep. 2022 )*Days in Period
=7.5055/1.917*365 / 4
=357.26

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

The Very Good Food Co's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2022 ) / Average Total Inventories (Q: Sep. 2022 )
=1.917 / 7.5055
=0.26

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.

The Very Good Food Co's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2022 ) / Revenue (Q: Sep. 2022 )
=7.5055 / 1.317
=5.70

* 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.


The Very Good Food Co Total Inventories Related Terms


The Very Good Food Co Total Inventories Historical Data

* Premium members only.

The historical data trend for The Very Good Food Co'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.

The Very Good Food Co Total Inventories Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Total Inventories
0.04 0.93 6.62

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 4.32 6.62 8.47 8.21 6.81
VGFCQ
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The Very Good Food Co Inc VGFCQ
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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The Very Good Food Co 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $6.81 Mil mean?
The Very Good Food Co (VGFCQ) has a Total Inventories of $6.81 Mil as of Sep. 2022. The total amount of inventory as recorded on a company's balance sheet. View historical data for The Very Good Food Co and its competitors.
Is The Very Good Food Co's Total Inventories too high?
The Very Good Food Co's current Total Inventories is $6.81 Mil. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's Total Inventories compare to KHC and GIS?
The Very Good Food Co's Total Inventories of $6.81 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Consumer Packaged Goods company?
A good Total Inventories depends on the Consumer Packaged Goods industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for The Very Good Food Co and its competitors. The Very Good Food Co's current Total Inventories is $6.81 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current Total Inventories of $6.81 Mil. The current Total Inventories is $6.81 Mil. The Very Good Food Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For The Very Good Food Co (VGFCQ), the current Total Inventories is $6.81 Mil as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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