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Cabela′s's total inventories for the quarter that ended in Jun. 2017 was $864 Mil. Cabela′s's average total inventories from the quarter that ended in Mar. 2017 to the quarter that ended in Jun. 2017 was $879 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cabela′s's Net-Net Working Capital per share for the quarter that ended in Jun. 2017 was $-86.07.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cabela′s's Days Inventory for the three months ended in Jun. 2017 was 161.45.
Inventory Turnover measures how fast the company turns over its inventory within a year. Cabela′s's Inventory Turnover for the quarter that ended in Jun. 2017 was 0.57.
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. Cabela′s's Inventory-to-Revenue for the quarter that ended in Jun. 2017 was 0.99.
The historical data trend for Cabela′s'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.
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.
Cabela′s (NYSE:CAB) 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.
Cabela′s's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2017 is
Net-Net Working Capital Per Share (Q: Jun. 2017 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (167.629 | + | 0.75 * 37.112 | + | 0.5 * 863.834 | - | 6560.346 |
- | 0 | - | 0) | / | 68.9295 | ||
= | -86.07 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cabela′s's Days Inventory for the three months ended in Jun. 2017 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2017 ) | / | Cost of Goods Sold (Q: Jun. 2017 ) | * | Days in Period |
= | 879.1545 | / | 496.875 | * | 365 / 4 | |
= | 161.45 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Cabela′s's Inventory Turnover for the quarter that ended in Jun. 2017 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2017 ) | / | Average Total Inventories (Q: Jun. 2017 ) |
= | 496.875 | / | 879.1545 | |
= | 0.57 |
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.
Cabela′s's Inventory to Revenue for the quarter that ended in Jun. 2017 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2017 ) | / | Revenue (Q: Jun. 2017 ) |
= | 879.1545 | / | 890.442 | |
= | 0.99 |
* 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.
Thank you for viewing the detailed overview of Cabela′s's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
James F Wright | director | TRACTOR SUPPLY COMPANY, 200 POWELL PLACE, BRENTWOOD TN 37027 |
Thomas L Millner | director, officer: Chief Executive Officer | |
Beth M Pritchard | director | BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108 |
Peter S Swinburn | director | 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NY 28202 |
Donna M Milrod | director | 60 WALL STREET, 42ND FLOOR, NEW YORK NY 10005 |
Michael R Mccarthy | director | 1601 DODGE ST, SUITE 3800, OMAHA NE 68102 |
Scott K Williams | officer: PRESIDENT | 170 COUNTRYSIDE DRIVE, P.O. BOX 409, BELLEVILLE WI 53508 |
Theodore M Armstrong | director | 7730 CARONDELET, SUITE 103, ST. LOUIS MO 63105 |
Ralph W Castner | officer: EXECUTIVE VICE PRESIDENT & CFO | ONE CABELA DRIVE, SIDNEY NE 69160 |
Reuben Mark | director | 300 PARK AVENUE, NEW YORK NY 10022 |
Stephen Murray | director | CCMP CAPITAL ADVISORS, LLC, 245 PARK AVENUE, NEW YORK NY 10067 |
Michael Callahan | officer: Senior Vice President | ONE CABELA DRIVE, SIDNEY NE 69160 |
David Roehr | officer: Executive Vice President | ONE CABELA DRIVE, SIDNEY NE 69160 |
Mccarthy Group Inc | 10 percent owner | 1601 DODGE ST, SUITE 3800, OMAHA NE 68102 |
Fulcrum Growth Partners Llc | 10 percent owner | 1125 SOUTH 103RD STREET, #450, OMAHA NE 68124 |
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