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Diamond Foods's total inventories for the quarter that ended in Oct. 2015 was $214.5 Mil. Diamond Foods's average total inventories from the quarter that ended in Jul. 2015 to the quarter that ended in Oct. 2015 was $186.6 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Diamond Foods's Net-Net Working Capital per share for the quarter that ended in Oct. 2015 was $-24.40.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Diamond Foods's Days Inventory for the three months ended in Oct. 2015 was 103.87.
Inventory Turnover measures how fast the company turns over its inventory within a year. Diamond Foods's Inventory Turnover for the quarter that ended in Oct. 2015 was 0.88.
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. Diamond Foods's Inventory-to-Revenue for the quarter that ended in Oct. 2015 was 0.83.
The historical data trend for Diamond 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.
Diamond Foods Annual Data | |||||||||||||||||||||
Trend | Jul06 | Jul07 | Jul08 | Jul09 | Jul10 | Jul11 | Jul12 | Jul13 | Jul14 | Jul15 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 145.58 | 165.71 | 115.46 | 124.27 | 158.81 |
Diamond Foods Quarterly Data | ||||||||||||||||||||
Jan11 | Apr11 | Jul11 | Oct11 | Jan12 | Apr12 | Jul12 | Oct12 | Jan13 | Apr13 | Jul13 | Oct13 | Jan14 | Apr14 | Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | |
Total Inventories | Get a 7-Day Free Trial | 259.17 | 193.45 | 174.51 | 158.81 | 214.47 |
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.
Diamond Foods (NAS:DMND) 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.
Diamond Foods's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2015 is
Net-Net Working Capital Per Share (Q: Oct. 2015 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (6.854 | + | 0.75 * 111.267 | + | 0.5 * 214.472 | - | 967.047 |
- | 0 | - | 0) | / | 31.5331 | ||
= | -24.40 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Diamond Foods's Days Inventory for the three months ended in Oct. 2015 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Oct. 2015 ) | / | Cost of Goods Sold (Q: Oct. 2015 ) | * | Days in Period |
= | 186.6385 | / | 163.97 | * | 365 / 4 | |
= | 103.87 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Diamond Foods's Inventory Turnover for the quarter that ended in Oct. 2015 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Oct. 2015 ) | / | Average Total Inventories (Q: Oct. 2015 ) |
= | 163.97 | / | 186.6385 | |
= | 0.88 |
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.
Diamond Foods's Inventory to Revenue for the quarter that ended in Oct. 2015 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Oct. 2015 ) | / | Revenue (Q: Oct. 2015 ) |
= | 186.6385 | / | 224.849 | |
= | 0.83 |
* 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 Diamond Foods's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Edward A Blechschmidt | director | ONE HEALTHSOUTH PARKWAY, BIRMINGHAM AL 35243 |
Linda B Segre | officer: EVP, Chief Strat. & People Ofc | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
David Colo | officer: EVP, Chief Operating Officer | C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111 |
Richard Dean Hollis | director | 3603 HAVEN AVENUE, SUITE E, MENLO PARK CA 94025 |
Robert Zollars | director | 3061 ZANKER RD, SAN JOSEC CA 95134 |
Nigel A Rees | director | ONE POST STREET, SAN FRANCISCO CA 94104 |
Raymond Silcock | officer: EVP & Chief Financial Officer | 399 JEFFERSON ROAD, PARSIPPANY NJ 07054 |
Alison Davis | director | 255 FISERV DRIVE, BROOKFIELD WI 53045 |
Brian J Driscoll | director, officer: President & CEO | THREE LAKES DR, NORTHFIELD IL 60093 |
Celeste A. Clark | director | C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242 |
Stephen Kim | officer: EVP, GC & Chief Legal Officer | CO DIAMOND FOODS INC., 600 MONTGOMERY STREET 33RD FLOOR, SAN FRANCISCO CA 94111 |
Oaktree Holdings, Inc. | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Capital Management Lp | 10 percent owner | 333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071 |
Oaktree Holdings, Llc | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Ocm Holdings I, Llc | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
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