VITFF (Victoria Gold) Total Inventories: $166.3 Mil (As of Mar. 2024)


VITFF Victoria Gold Corp VITFF
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What is Victoria Gold Total Inventories?

Victoria Gold VITFF +33.33% 12 Total Inventories is $166.3 Mil as of Mar. 2024. GuruFocus rates VITFF with a GF Score™ of 12/100.

Victoria Gold's total inventories for the quarter that ended in Mar. 2024 was $166.3 Mil. Victoria Gold's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $164.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Victoria Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Victoria Gold's Days Inventory for the three months ended in Mar. 2024 was 274.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Victoria Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

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. Victoria Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.68.

Victoria Gold  (OTCPK:VITFF) 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.

Victoria Gold's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(29.102+0.75 * 2.078+0.5 * 166.325-329.67
-0-0)/67.726
=-3.19

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

Victoria Gold's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=164.387/54.673*365 / 4
=274.36

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

Victoria Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=54.673 / 164.387
=0.33

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.

Victoria Gold's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=164.387 / 61.305
=2.68

* 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.

Victoria Gold Total Inventories Related Terms

Victoria Gold Total Inventories Historical Data

* Premium members only.

The historical data trend for Victoria Gold'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.

Victoria Gold Total Inventories Chart

Victoria Gold Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 67.69 107.62 155.84 162.45

Victoria Gold Quarterly Data
May19 Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 163.39 171.88 162.56 162.45 166.33
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Victoria Gold Corp VITFF
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Victoria Gold 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 $166.3 Mil mean?
Victoria Gold (VITFF) has a Total Inventories of $166.3 Mil as of Mar. 2024. The total amount of inventory as recorded on a company's balance sheet. View historical data for Victoria Gold and its competitors.
Is Victoria Gold's Total Inventories too high?
Victoria Gold's current Total Inventories is $166.3 Mil. Overall, Victoria Gold has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Victoria Gold's Total Inventories compare to NEM?
Victoria Gold's Total Inventories of $166.3 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Total Inventories depends on the Metals & Mining 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 Victoria Gold and its competitors. Victoria Gold's current Total Inventories is $166.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victoria Gold stock overvalued right now?
Victoria Gold (VITFF) has a current Total Inventories of $166.3 Mil. The current Total Inventories is $166.3 Mil. Victoria Gold'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 Victoria Gold (VITFF), the current Total Inventories is $166.3 Mil as of Mar. 2024. 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.

Victoria Gold Business Description

Address 80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4
Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Mine Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse.
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