CSS Industries (CSS Industries) Total Inventories : $87.0 Mil (As of Dec. 2019)

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What is CSS Industries Total Inventories?

CSS Industries's total inventories for the quarter that ended in Dec. 2019 was $87.0 Mil. CSS Industries's average total inventories from the quarter that ended in Sep. 2019 to the quarter that ended in Dec. 2019 was $96.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CSS Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was $-3.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CSS Industries's Days Inventory for the three months ended in Dec. 2019 was 105.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. CSS Industries's Inventory Turnover for the quarter that ended in Dec. 2019 was 0.86.

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. CSS Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.85.

CSS Industries Total Inventories Historical Data

The historical data trend for CSS Industries'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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CSS Industries Total Inventories Chart

CSS Industries Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Total Inventories

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65.49

73.02

105.26

102.44

96.23

CSS Industries Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Total Inventories	Get a 7-Day Free Trial															94.90	96.23	107.30	105.01	86.99

CSS Industries 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.

CSS Industries (NYSE:CSS) 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.

CSS Industries's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 is

	Net-Net Working Capital Per Share (Q: Dec. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12.346	+	0.75 * 85.111	+	0.5 * 86.99	-	151.434
-	0	-	0)	/	8.88029
=	-3.58

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

CSS Industries's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	95.9995	/	82.945	*	365 / 4
	=	105.61

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

CSS Industries's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2019 )	/	Average Total Inventories (Q: Dec. 2019 )
	=	82.945	/	95.9995
	=	0.86

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.

CSS Industries's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	95.9995	/	112.932
	=	0.85

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.

CSS Industries Total Inventories Related Terms

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CSS Industries (CSS Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CSS Industries Inc (NYSE:CSS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

450 Plymouth Road, Suite 300, Plymouth Meeting, PA, USA, 19462

Website

https://www.cssindustries.com

CSS Industries Inc is a consumer products company. It is focused on the seasonal, gift and craft categories. The company engages in the creative development, manufacture, procurement, distribution, and sale of products with an omni-channel approach focused primarily on mass market retailers.

Executives

Philip R Broenniman	director	C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Robert E Chappell	director	C/O GLATFELTER, 96 S GEORGE ST STE 420, YORK PA 17401
Keith W Pfeil	officer: Exec. VP and CFO	GLOBUS MEDICAL, INC., 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA 19403
Steven W Eck	officer: VP - Finance and Accounting	C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Scott A Beaumont	director	C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
John J Gavin	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
James E Ksansnak	director	ARAMARK CORPORATION, 1101 MARKET STREET, PHILADELPHIA PA 19107