VMAR (Vision Marine Technologies) Total Inventories : $4.55 Mil (As of Aug. 2024)

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What is Vision Marine Technologies Total Inventories?

Vision Marine Technologies's total inventories for the quarter that ended in Aug. 2024 was $4.55 Mil. Vision Marine Technologies's average total inventories from the quarter that ended in May. 2024 to the quarter that ended in Aug. 2024 was $4.28 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vision Marine Technologies's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was $-23.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vision Marine Technologies's Days Inventory for the three months ended in Aug. 2024 was 365.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vision Marine Technologies's Inventory Turnover for the quarter that ended in Aug. 2024 was 0.25.

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. Vision Marine Technologies's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 2.01.

Vision Marine Technologies Total Inventories Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies Total Inventories Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Total Inventories

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0.37

1.57

1.62

1.82

4.55

Vision Marine Technologies Quarterly Data
	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Inventories	Get a 7-Day Free Trial															1.82	2.32	3.54	4.02	4.55

Vision Marine Technologies 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.

Vision Marine Technologies (NAS:VMAR) 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.

Vision Marine Technologies's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2024 is

	Net-Net Working Capital Per Share (Q: Aug. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.046	+	0.75 * 0.019	+	0.5 * 4.547	-	6.152
-	0	-	0)	/	0.1634
=	-23.37

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

Vision Marine Technologies's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	4.2815	/	1.069	*	365 / 4
	=	365.47

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

Vision Marine Technologies's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2024 )	/	Average Total Inventories (Q: Aug. 2024 )
	=	1.069	/	4.2815
	=	0.25

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.

Vision Marine Technologies's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	4.2815	/	2.126
	=	2.01

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.

Vision Marine Technologies Total Inventories Related Terms

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Vision Marine Technologies Business Description

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Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company include Bruce 22, Fantail 217, Volt 180, and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from the Sale of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.