Forza X1 (Forza X1) Total Inventories : $0.49 Mil (As of Dec. 2023)

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What is Forza X1 Total Inventories?

Forza X1's total inventories for the quarter that ended in Dec. 2023 was $0.49 Mil. Forza X1's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.64 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Forza X1's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Forza X1's Days Inventory for the three months ended in Dec. 2023 was 1,035.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Forza X1's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.09.

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. Forza X1's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 33.45.

Forza X1 Total Inventories Historical Data

The historical data trend for Forza X1'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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Forza X1 Total Inventories Chart

Forza X1 Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.49

Forza X1 Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial								-	0.04	0.52	0.78	0.49

Forza X1 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.

Forza X1 (NAS:FRZA) 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.

Forza X1's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12.803	+	0.75 * 0	+	0.5 * 0.493	-	0.901
-	0	-	0)	/	15.7548
=	0.77

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

Forza X1's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.6355	/	0.056	*	365 / 4
	=	1,035.52

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

Forza X1's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	0.056	/	0.6355
	=	0.09

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.

Forza X1's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.6355	/	0.019
	=	33.45

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.

Forza X1 Total Inventories Related Terms

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Forza X1 (Forza X1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forza X1 Inc (NAS:FRZA) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 S. US-1, Fort Pierce, FL, USA, 34982

Website

https://www.forzax1.com

Forza X1 Inc develops and manufactures fully electric, affordable boats with mass appeal. The company is focused on the creation, implementation, and sale of electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. its electric boats are being designed as fully integrated electric boats including the hull, outboard motor, and control system. Its initial two models, the FX1 Dual Console and FX1 Center Console are being designed to be 24 feet in length, have an 8' beam or width, and utilize a catamaran hull surface to reduce drag and increase run times.

Executives

Carrie L. Gunnerson	officer: Interim CFO/Interim PAO	5556 HIGHWAY 9, ARMSTRONG IA 50514
Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Marcia Kull	director	3101 S. US-1, FT. PIERCE FL 34982
James Howard Leffew	director, officer: President and CEO	3101 S. US-1, FT. PIERCE FL 34928
Joseph C Visconti	director, 10 percent owner, officer: EC and Chief of PD	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Twin Vee Powercats, Co.	10 percent owner	3101 S. FEDERAL HIGHWAY, FT. PIERCE FL 34982
Nicole Marie Camacho	officer: Chief Financial Officer	3101 S US-1, FT. PIERCE FL 34982