M.D.C. Holdings (M.D.C. Holdings) Total Inventories

: $3,301 Mil (As of Dec. 2023)

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M.D.C. Holdings's total inventories for the quarter that ended in Dec. 2023 was $3,301 Mil. M.D.C. Holdings's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $3,269 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. M.D.C. Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $16.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. M.D.C. Holdings's Days Inventory for the three months ended in Dec. 2023 was 275.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. M.D.C. Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.33.

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. M.D.C. Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.43.

M.D.C. Holdings Total Inventories Historical Data

The historical data trend for M.D.C. Holdings'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 2,366.58 [6] => 2,832.23 [7] => 3,760.85 [8] => 3,515.78 [9] => 3,301.05 )

M.D.C. Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

2,366.58

2,832.23

3,760.85

3,515.78

3,301.05

M.D.C. Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																3,515.78	3,257.78	3,145.27	3,236.33	3,301.05

M.D.C. Holdings 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.

M.D.C. Holdings (NYSE:MDC) 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.

M.D.C. Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1717.053	+	0.75 * 119.004	+	0.5 * 3301.046	-	2253.2
-	0	-	0)	/	74.6615
=	16.12

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

M.D.C. Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3268.688	/	1081.036	*	365 / 4
	=	275.91

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

M.D.C. Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1081.036	/	3268.688
	=	0.33

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.

M.D.C. Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3268.688	/	1346.456
	=	2.43

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.

M.D.C. Holdings Total Inventories Related Terms

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M.D.C. Holdings (M.D.C. Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M.D.C. Holdings Inc (NYSE:MDC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

MDH:Germany

Address

4350 South Monaco Street, Suite 500, Denver, CO, USA, 80237

Website

http://www.mdcholdings.com

M.D.C. Holdings Inc is an American holding company that operates home construction, mortgage, insurance, and title companies. The company focuses on single-family and residential communities via its Richmond American Homes brand in Arizona, California, Colorado, Florida, Virginia, Nevada, Utah, and Washington. MDC Holdings constructs homes for first-time and move-up homebuyers. Its segments include Homebuilding and Financial Services. Its Home construction in Colorado, California, Washington, and Arizona derive most of the company's homebuilding revenue, followed by Utah, and Virginia.

Executives

David E Blackford	director	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Reece Paris G Iii	officer: Exec. Vice Pres and CFO	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Robert Nathaniel Martin	officer: SVP and CFO	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Larry A Mizel	10 percent owner	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Michael A Berman	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Raymond T Baker	director	2401 21ST AVENUE SOUTH, NASHVILLE TN 37212
David D Mandarich	director, officer: President, COO and Director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Herbert T Buchwald	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Derek R Kimmerle	officer: Chief Accounting Officer	31475 UPPER BEAR CREEK ROAD, EVERGREEN CO 80439
Rafay Farooqui	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Michael L. Kaplan	officer: Sr. VP and General Counsel	M.D.C. HOLDINGS, INC., 4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
David Siegel	director	4350 SOUTH MONACO STREET, SUITE 500, DENVER CO 80237
Janice Sinden	director	828 FAIRFAX STREET, DENVER CO 80220
Mizel Courtney L.	director	9301 SAWYER STREET, LOS ANGELES CA 90035
Leslie B Fox	director	5511 E. CARON STREET, PARADISE VALLEY AZ 85253