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Aqua Metals (Aqua Metals) Total Inventories : $1.04 Mil (As of Mar. 2024)


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What is Aqua Metals Total Inventories?

Aqua Metals's total inventories for the quarter that ended in Mar. 2024 was $1.04 Mil. Aqua Metals's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.98 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aqua Metals's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aqua Metals's Days Inventory for the three months ended in Mar. 2024 was 40.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aqua Metals's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.24.

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.


Aqua Metals Total Inventories Historical Data

The historical data trend for Aqua Metals'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.

* Premium members only.

Aqua Metals Total Inventories Chart

Aqua Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 1.09 0.12 0.28 0.93

Aqua Metals Quarterly Data
Jun19 Sep19 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 0.30 0.63 0.89 0.93 1.04

Aqua Metals 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.


Aqua Metals  (NAS:AQMS) 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.

Aqua Metals'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)
=(8.294+0.75 * 0+0.5 * 1.04-8.594
-0-0)/112.675
=0.00

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

Aqua Metals'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
=0.9845/2.209*365 / 4
=40.67

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

Aqua Metals'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 )
=2.209 / 0.9845
=2.24

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.

Aqua Metals'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 )
=0.9845 / 0
=

* 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.


Aqua Metals Total Inventories Related Terms

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Aqua Metals (Aqua Metals) Business Description

Traded in Other Exchanges
Address
5370 Kietzke Lane, Suite 201, Reno, NV, USA, 89511
Aqua Metals Inc is a United States-based company engaged in the business of recycling Lead through a novel, proprietary and patent-pending process that it developed and named AquaRefining. The company's breakthrough, AquaRefining, delivers a product, at a higher yield, eliminates toxic waste, reduces permitting and is less expensive to build than smelting. AquaRefining process will provide for the recycling of Lead acid batteries and the production of a pure grade Lead with a significantly lower cost of production, and with fewer environmental and regulatory issues, than conventional methods of Lead production.
Executives
Vincent L Divito director 329 DOLPHIN LANE, WEST BABYLON NY 11704
Sung Yi director C/O AQUA METALS.COM, 5370 KIETZKE LN SUITE 201, RENO NV 89511
Peifang Zhang director 21640 E. BRIARWOOD DR., AURORA CO 80016
Edward J Smith director 635 HOOD ROAD, MARKHAM A6 L3R 4N6
David Kanen director 6429 NW 65TH WAY, PARKLAND FL 33067
Philotimo Fund, Lp other: Passive Investor 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Kanen Wealth Management Llc other: Passive Investor 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
David Mcmurtry officer: Chief Business Officer C/O AQUA METALS.COM, 5370 KIETZKE LN SUITE 201, RENO NV 89511
Stephen Cotton officer: Chief Commercial Officer 1010 ATLANTIC AVE, ALAMEDA CA 94501
Benjamin S. Taecker officer: Chief Eng and Opr Officer C/O AQUA METALS, 2500 PERU DR., MCCARRAN NV 89437
Judd Merrill officer: Chief Financial Officer 2425 CROOKED CANYON CT., RENO NV 89521
S. Shariq Yosufzai director 171 ALPINE TERRACE, OAKLAND CA 94618
Gayle J Gibson director 2500 PERU DRIVE, MCCARRAN NV 89437
Susanne Meline director P.O. BOX 515381, #86506, LOS ANGELES CA 90051
Sushil Kapoor director AQUA METALS, INC., 1010 ATLANTIC AVE STE 101, ALAMEDA CA 94501