Ennis (EBF) Total Inventories

: $42.3 Mil (As of Nov. 2023)

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Ennis's total inventories for the quarter that ended in Nov. 2023 was $42.3 Mil. Ennis's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was $44.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ennis's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $3.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ennis's Days Inventory for the three months ended in Nov. 2023 was 54.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ennis's Inventory Turnover for the quarter that ended in Nov. 2023 was 1.68.

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. Ennis's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.42.

Ennis Total Inventories Historical Data

The historical data trend for Ennis'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.

Ennis Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Inventories

35.41

34.84

32.91

38.54

46.83

Ennis Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Inventories																49.92	46.83	48.05	45.65	42.33

Ennis 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.

Ennis (NYSE:EBF) 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.

Ennis's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

	Net-Net Working Capital Per Share (Q: Nov. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(102.397	+	0.75 * 43.691	+	0.5 * 42.325	-	53.583
-	0	-	0)	/	25.8326
=	3.98

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

Ennis's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	43.989	/	74.09	*	365 / 4
	=	54.18

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

Ennis's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2023 )	/	Average Total Inventories (Q: Nov. 2023 )
	=	74.09	/	43.989
	=	1.68

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.

Ennis's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	43.989	/	104.621
	=	0.42

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.

Ennis Total Inventories Related Terms

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Ennis (EBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ennis Inc (NYSE:EBF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

2441 Presidential Parkway, Midlothian, TX, USA, 76065

Website

https://www.ennis.com

Ennis Inc is a manufacturer and supplier of print products for the wholesale trade. The company's products include advertising specialities, business forms and supplies, commercial printing, eCommerce solutions, envelopes, labels and tags, and folders and packaging.

Executives

Daniel Gus	officer: General Counsel & Asst. Secy.	2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN TX 76065
Robert T Pennington	officer: Chief Revenue Officer	2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN TX 76065
Boyne Wade Brewer	officer: Chief Operating Officer	2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN TX 76065
Alejandro Quiroz	director	18943 DE ENCLAVE, SAN ANTONIO TX 78258
Vera Burnett	officer: Interim CFO	2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN TX 76065
Margaret A Walters	director	2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN TX 76065
Barbara T Clemens	director	12024 BEAUTYBRUSH, BEE CAVE TX 78738
Aaron Carter	director	2502 GARRETT COURT, CEDAR HILL TX 75104
Michael D Magill	officer: Exec VP and Treasurer	2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN TX 76065
Gary S Mozina	director	27300 HIDDEN RIVER COURT, BONITA SPRINGS FL 34134
Troy L Priddy	director	2206 SHANE DRIVE, MIDLOTHIAN TX 76065
John R Blind	director	316 LAKE STILLWATER DRIVE, SAINT SIMONS ISLAND GA 31522
Kenneth G Pritchett	director	4470 E. HIGHWAY 287, SUITE 800, MIDLOTHIAN TX 76065
Keith S Walters	director, officer: Chairman, President and CEO	2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN TX 76065
Irshad Ahmad	officer: VP-Chief Technology Officer	ENNIS INC, 2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN TX 76065