Cal-Maine Foods (Cal-Maine Foods) Total Inventories

: $269 Mil (As of Feb. 2024)

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Cal-Maine Foods's total inventories for the quarter that ended in Feb. 2024 was $269 Mil. Cal-Maine Foods's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was $278 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cal-Maine Foods's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $11.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cal-Maine Foods's Days Inventory for the three months ended in Feb. 2024 was 52.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cal-Maine Foods's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.74.

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. Cal-Maine Foods's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.40.

Cal-Maine Foods Total Inventories Historical Data

The historical data trend for Cal-Maine Foods'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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Cal-Maine Foods Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Inventories

172.24

187.22

218.38

263.32

284.42

Cal-Maine Foods Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories																290.87	284.42	280.80	287.27	269.24

Cal-Maine Foods 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.

Cal-Maine Foods (NAS:CALM) 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.

Cal-Maine Foods's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(694.843	+	0.75 * 212.851	+	0.5 * 269.244	-	412.57
-	0	-	-2.793)	/	49.0386
=	11.81

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

Cal-Maine Foods's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	278.257	/	484.504	*	365 / 4
	=	52.41

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

Cal-Maine Foods's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	484.504	/	278.257
	=	1.74

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.

Cal-Maine Foods's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	278.257	/	703.076
	=	0.40

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.

Cal-Maine Foods Total Inventories Related Terms

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Cal-Maine Foods (Cal-Maine Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cal-Maine Foods Inc (NAS:CALM) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CM2:Germany CM2:Germany

Address

1052 Highland Colony Parkway, Suite 200, Ridgeland, MS, USA, 39157

Website

https://www.calmainefoods.com

Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.

Executives

Charles Jeff Hardin	officer: Vice President Marketing	3650 GUENTHER ROAD, LAGRANGE TX 78945
Michael Todd Walters	officer: COO	1052 HIGHLAND COLONY PKWY, RIDGELAND MS 39157
Letitia Callender Hughes	director	48 AVERY CIRCLE, JACKSON MS 39211
James E Poole	director	PO BOX 5167, JACKSON MS 39296
Matthew Samuel Glover	officer: Vice President - Accounting	1052 HIGHLAND COLONY PKWY, RIDGELAND MS 39157
Camille S Young	director	2992 WEST BEACH BLVD, GULFPORT MS 39501
Adolphus B Baker	director, 10 percent owner, officer: Chairman, President & CEO	P. O. BOX 2960, JACKSON MS 39207
Jean Morris Adams	10 percent owner	312 VIEWPOINTE PLACE, CLINTON MS 39056
Holladay Robert L Jr	officer: VP - General Counsel	3320 W. WOODROW WILSON AVE, JACKSON MS 39209
Max P Bowman	director, officer: Vice President, CFO, Sec/Treas	3320 W. WOODROW WILSON AVE., JACKSON MS 39209
Dlnl, Llc	10 percent owner	3320 W. WOODROW WILSON AVE., JACKSON MS 39209
Adams Fred R Jr	10 percent owner	C/O CM FOODS, PO BOX 2960, JACKSON MS 39207
Steve W Sanders	director	2 OAKLEIGH PLACE, JACKSON MS 39211
Michael D Castleberry	officer: Vice President, Controller	3320 W. WOODROW WILSON AVE, JACKSON MS 39209
Timothy A Dawson	director, officer: Vice President, CFO, Sec/Treas	CAL-MAINE FOODS, INC., PO BOX 2960, JACKSON MS 39207