NextTrip (NextTrip) Total Inventories : $0.78 Mil (As of Sep. 2023)

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What is NextTrip Total Inventories?

NextTrip's total inventories for the quarter that ended in Sep. 2023 was $0.78 Mil. NextTrip's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.86 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. NextTrip's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NextTrip's Days Inventory for the three months ended in Sep. 2023 was 444.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. NextTrip's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.21.

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. NextTrip's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 6.04.

NextTrip Total Inventories Historical Data

The historical data trend for NextTrip'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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NextTrip Total Inventories Chart

NextTrip Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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0.24

0.60

0.66

0.71

0.95

NextTrip Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															0.97	0.95	0.94	0.94	0.78

NextTrip 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.

NextTrip (NAS:NTRP) 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.

NextTrip's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.556	+	0.75 * 0.059	+	0.5 * 0.775	-	0.864
-	0	-	0)	/	0.65154
=	0.19

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

NextTrip's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.8575	/	0.176	*	365 / 4
	=	444.58

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

NextTrip's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	0.176	/	0.8575
	=	0.21

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.

NextTrip's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.8575	/	0.142
	=	6.04

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.

NextTrip Total Inventories Related Terms

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NextTrip (NextTrip) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » NextTrip Inc (NAS:NTRP) » Definitions » Total Inventories

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Address

3900 Paseo del Sol, Santa Fe, NM, USA, 87507

Website

https://www.sigmaadditive.com

Sigma Additive Solutions Inc is a leading provider of in-process quality assurance (IPQA) software to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring and analytics solutions known as PrintRite3D for 3D metal and polymer advanced manufacturing technologies. Its principal business activities include the development of its In-Process Quality Assurance (IPQA) suite of technologies and the commercialization of both its IPQA and materials-related suite of technologies, with its focus on three-dimensional printing (3DP) industry.

Executives

Mark Ruport	director, officer: Executive Chairman	5575 MARK DABLING BLVD, SUITE 100, COLORADO SPRINGS CO 80919
Stephan Kuehr	officer: GM of European Operations	LEONHARDYWEG 30, BERLIN 2M 10121
Jacob Brunsberg	officer: Sr VP Product Mgt/Strat Rel	3900 PASEO DEL SOL, SANTA FE NM 87507
Carl I. Schwartz	10 percent owner	20155 N.E. 38TH COURT, UNIT 3104, AVENTURA FL 33180
Frank Orzechowski	officer: CFO, PFO and PAO	3900 PASEO DEL SOL, SANTA FE NM 87507
Darren Beckett	officer: Vice President of Engineering	3900 PASEO DEL SOL, SANTA FE NM 87507
Kent J Summers	director	13 ONONDAGA LANE, MEDFIELD MA 02052
Mark Cola	director, officer: President, CEO and COO	3900 PASEO DEL SOL, SANTA FE NM 87507
Nannette Toups	officer: CFO, PFO and PAO	C/O SIGMA LABS, INC., 3900 PASEO DEL SOL, SANTA FE NM 87507
Salvatore F Battinelli	director	5 CLIFTON AVENUE, MARBLEHEAD MA 01945
Dennis Duitch	director	150 E PALMETTO PARK ROAD, SUITE 510, BOCA RATON FL 33432
John Reynolds Rice	director	3900 PASEO DEL SOL, SANTA FE NM 87507
Fisher Ronald Kenneth Jr	officer: Vice President of Business Dev	3900 PASEO DEL SOL, SANTA FE NM 87507
Frank J Garofalo	director	3900 PASEO DEL SOL, SANTA FE NM 87507
Amanda Cola	officer: VP of Finance and Business Ops	3900 PASEO DEL SOL, SANTA FE NM 87507