Victory Oilfield Tech (Victory Oilfield Tech) Total Inventories : $0.00 Mil (As of Dec. 2023)

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What is Victory Oilfield Tech Total Inventories?

Victory Oilfield Tech's total inventories for the quarter that ended in Dec. 2023 was $0.00 Mil. Victory Oilfield Tech's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.01 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Victory Oilfield Tech's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.20.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Victory Oilfield Tech's Inventory Turnover for the quarter that ended in Dec. 2023 was -65.18.

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.

Victory Oilfield Tech Total Inventories Historical Data

The historical data trend for Victory Oilfield Tech'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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Victory Oilfield Tech Total Inventories Chart

Victory Oilfield Tech Annual Data

Trend

Dec14

Dec15

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Dec23

Total Inventories

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0.05

0.02

0.03

Victory Oilfield Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															0.03	0.04	0.02	0.02	-

Victory Oilfield Tech 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.

Victory Oilfield Tech (OTCPK:VYEY) 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.

Victory Oilfield Tech'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)
=	(0.066	+	0.75 * 0	+	0.5 * 0	-	5.725
-	0	-	0)	/	28.5916
=	-0.20

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

Victory Oilfield Tech'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
	=	0.0085	/	-0.554	*	365 / 4
	=

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

Victory Oilfield Tech'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 )
	=	-0.554	/	0.0085
	=	-65.18

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.

Victory Oilfield Tech'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 )
	=	0.0085	/	-1.204
	=

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.

Victory Oilfield Tech Total Inventories Related Terms

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Victory Oilfield Tech (Victory Oilfield Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victory Oilfield Tech Inc (OTCPK:VYEY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746

Website

https://www.vyey.com

Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.

Executives

Armacor Victory Ventures Llc	10 percent owner	26497 RANCHO PARKWAY SOUTH, DANA POINT CA 92630
Eric Eilersten	director	C/O VICTORY ENERGY CORPORATION, 3355 BEE CAVES ROAD, SUITE 608, AUSTIN TX 78746
Kevin Deleon	director
Ricardo A Salas	director
Visionary Private Equity Group I, Lp	10 percent owner	1325 W SUNSHINE #162, SPRINGFIELD MO 65807
Michael Cosby	10 percent owner	901 E. ST. LOUIS STREET, STE 1800, SPRINGFIELD MO 65806
Visionary Pe Gp I, Llc	10 percent owner	1325 W. SUNSHINE ST., NO. 162, SPRINGFIELD MO 65807
Smith Fred James Jr	officer: Chief Financial Officer	3355 BEE CAVES RD, SUITE 608, AUSTIN TX 78746
Mark Wendell Biggers	officer: CHIEF FINANCIAL OFFICER	3355 BBEE CAVES RD, SUITE 608, AUSTIN TX 78746
Kenneth E Hill	director, officer: CHIEF OPERATIONS OFFICER	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH X1 92660
Lindsey Stanley L Jr	officer: VP EXPLORATION & DEVELOPMENT	20341 IRVINE AVENUE, #D-6, IRVINE CA 92660
Ronald Zamber	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert W Grenley	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert Miranda	officer: Chief Executive Officer	2801 W. COAST HIGHWAY, SUITE 370, NEWPORT BEACH CA 92663
Edgar Trotter	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660