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Calavo Growers (Calavo Growers) Total Inventories : $39.6 Mil (As of Jan. 2024)


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What is Calavo Growers Total Inventories?

Calavo Growers's total inventories for the quarter that ended in Jan. 2024 was $39.6 Mil. Calavo Growers's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $39.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Calavo Growers's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-7.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Calavo Growers's Days Inventory for the three months ended in Jan. 2024 was 31.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Calavo Growers's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.92.

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. Calavo Growers's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.31.


Calavo Growers Total Inventories Historical Data

The historical data trend for Calavo Growers'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.

* Premium members only.

Calavo Growers Total Inventories Chart

Calavo Growers Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.89 41.79 40.76 38.83 39.43

Calavo Growers Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.09 42.82 38.88 39.43 39.55

Calavo Growers 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.


Calavo Growers  (NAS:CVGW) 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.

Calavo Growers's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

Net-Net Working Capital Per Share (Q: Jan. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5.658+0.75 * 35.158+0.5 * 39.551-192.15
-0-1.402)/17.8003
=-7.96

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

Calavo Growers's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jan. 2024 )/Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=39.4905/115.138*365 / 4
=31.30

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

Calavo Growers's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2024 ) / Average Total Inventories (Q: Jan. 2024 )
=115.138 / 39.4905
=2.92

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.

Calavo Growers's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=39.4905 / 127.606
=0.31

* 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.


Calavo Growers Total Inventories Related Terms

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Calavo Growers (Calavo Growers) Business Description

Traded in Other Exchanges
N/A
Address
1141-A Cummings Road, Santa Paula, CA, USA, 93060
Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels. The company procures avocados from California, Mexico and other growing regions around the world. Calavo is segmented into three segments namely, Fresh products; Calavo Foods; and RFG. The company derives its revenue from its Fresh products segment.
Executives
Michael A Browne officer: VP-Fresh Operations C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Paul Alan Harrison officer: Executive Vice President C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Steve Hollister director 751 BEAR CANYON LANE, ARROYO GRANDE CA 93420
Lecil E Cole director, 10 percent owner, officer: Chairman of Board, CEO & Pres
James D Helin director 1141A CUMMINGS RD, SANTA PAULA CA 93036
Helen Kurtz officer: SVP and GM - Prepared C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Danny Dumas officer: SVP & GM Grown C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Shawn Munsell officer: Chief Financial Officer C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Graciela Montgomery officer: Chief Human Resources Officer C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD, SANTA PAULA CA 93060
Brian W Kocher officer: Chief Executive Officer 1141-A CUMMINGS ROAD, SANTA PAULA CA 93060
Adriana Mendizabal director C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Mariela Irene Matute officer: Chief Financial Officer 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Donald M Sanders director 2530 RED HILL AVE, SANTA ANA CA 92705
Michael Anthony Digregorio director C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245
Robert J Wedin officer: VP Sales & Fresh Marketing 1141A CUMMINGS ROAD, SANTA PAULA CA 93060

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