Oil-Dri of America's total inventories for the quarter that ended in Jan. 2024 was $46.2 Mil. Oil-Dri of America's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $45.0 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Oil-Dri of America's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-0.64.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Oil-Dri of America's Days Inventory for the
three
months ended in Jan. 2024 was 54.99.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Oil-Dri of America's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.66.
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.
Oil-Dri of America's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.43.
Oil-Dri of America Total Inventories Historical Data
The historical data trend for Oil-Dri of America'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.
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.
Oil-Dri of America (NYSE:ODC) 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.
Oil-Dri of America's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is
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.
Oil-Dri of America's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as
* 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.
Oil-Dri of America Total Inventories Related Terms
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Oil-Dri of America (Oil-Dri of America) Business Description
Oil-Dri Corp of America develops, manufactures, and markets sorbent products made predominantly from clay. Its absorbent offerings, which draw liquid up, include cat litter, floor products, toxin control substances for livestock, and agricultural chemical carriers. The company has two segments based on the different characteristics of two primary customer groups namely Retail and Wholesale Products Group and Business to Business Products Group. The company's products are sold under various brands such as Cat's Pride, Jonny Cat, Amlan, Agsorb, Verge, Pure-Flo, and Ultra-Clear.
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