Vice Health and Wellness (Vice Health and Wellness) Total Inventories : $0.08 Mil (As of Jun. 2023)

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What is Vice Health and Wellness Total Inventories?

Vice Health and Wellness's total inventories for the quarter that ended in Jun. 2023 was $0.08 Mil. Vice Health and Wellness's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Jun. 2023 was $0.09 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vice Health and Wellness's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vice Health and Wellness's Days Inventory for the three months ended in Jun. 2023 was 600.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vice Health and Wellness's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.15.

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. Vice Health and Wellness's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 7.77.

Vice Health and Wellness Total Inventories Historical Data

The historical data trend for Vice Health and Wellness'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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Vice Health and Wellness Total Inventories Chart

Vice Health and Wellness Annual Data

Trend

Dec13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Total Inventories

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0.12

0.05

0.12

Vice Health and Wellness Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Inventories	Get a 7-Day Free Trial															0.13	0.12	0.10	0.09	0.08

Vice Health and Wellness 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.

Vice Health and Wellness (OTCPK:VICFF) 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.

Vice Health and Wellness's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.094	+	0.75 * 0.03	+	0.5 * 0.079	-	0.138
-	0	-	-0.105)	/	39.6117
=	0.00

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

Vice Health and Wellness's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.0855	/	0.013	*	365 / 4
	=	600.14

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

Vice Health and Wellness's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	0.013	/	0.0855
	=	0.15

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.

Vice Health and Wellness's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.0855	/	0.011
	=	7.77

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.

Vice Health and Wellness Total Inventories Related Terms

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Vice Health and Wellness (Vice Health and Wellness) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vice Health and Wellness Inc (OTCPK:VICFF) » Definitions » Total Inventories

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Address

734 - 1055 Dunsmuir Street, Vancouver, BC, CAN, V7X 1B1

Website

https://www.shopgummies.com

Vice Health and Wellness Inc formerly The Gummy Project sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. It operates "better for you" candy company that is built to support planet's most precious species and ecosystems, while educating our future generations on the steps we must take today, to ensure a viable tomorrow.