BEST Venture Opportunities Fund (XCNQ:BVOF.A) Total Inventories : C$0.00 Mil (As of Aug. 2024)

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What is BEST Venture Opportunities Fund Total Inventories?

BEST Venture Opportunities Fund's total inventories for the quarter that ended in Aug. 2024 was C$0.00 Mil. BEST Venture Opportunities Fund's average total inventories from the quarter that ended in Feb. 2024 to the quarter that ended in Aug. 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. BEST Venture Opportunities Fund's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was C$-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BEST Venture Opportunities Fund's Days Inventory for the six months ended in Aug. 2024 was 0.00.

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. BEST Venture Opportunities Fund's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.00.

BEST Venture Opportunities Fund Total Inventories Historical Data

The historical data trend for BEST Venture Opportunities Fund'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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BEST Venture Opportunities Fund Total Inventories Chart

BEST Venture Opportunities Fund Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

Total Inventories

BEST Venture Opportunities Fund Semi-Annual Data
	Aug21	Aug22	Feb23	Aug23	Feb24	Aug24
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

BEST Venture Opportunities Fund 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.

BEST Venture Opportunities Fund (XCNQ:BVOF.A) 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.

BEST Venture Opportunities Fund'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)
=	(13.362	+	0.75 * 0	+	0.5 * 0	-	13.398
-	0	-	0)	/	1.021
=	-0.04

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

BEST Venture Opportunities Fund's Days Inventory for the six 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
	=	0	/	0.249	*	365 / 2
	=	0.00

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

BEST Venture Opportunities Fund'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 )
	=	0.249	/	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.

BEST Venture Opportunities Fund'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 )
	=	0	/	0.356
	=	0.00

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.

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Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

http://www.bestfunds.ca

BEST Venture Opportunities Fund Inc is registered as a Labour Sponsored Investment Fund Corporation. The Fund seeks to achieve long-term capital appreciation by investing its assets in accordance with the requirements of the Community Small Business Investment Funds Act (Ontario) and the Income Tax Act (Canada). It diversifies its portfolio by investing in a variety of industries and stages of development including mature, expansion, acquisition, start-up and turnaround stages.

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