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Carrols Restaurant Group (Carrols Restaurant Group) Total Inventories : $13 Mil (As of Mar. 2024)


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What is Carrols Restaurant Group Total Inventories?

Carrols Restaurant Group's total inventories for the quarter that ended in Mar. 2024 was $13 Mil. Carrols Restaurant Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $14 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Carrols Restaurant Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-20.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carrols Restaurant Group's Days Inventory for the three months ended in Mar. 2024 was 3.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Carrols Restaurant Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 26.39.

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. Carrols Restaurant Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.


Carrols Restaurant Group Total Inventories Historical Data

The historical data trend for Carrols Restaurant Group'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.

Carrols Restaurant Group Total Inventories Chart

Carrols Restaurant Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.33 11.60 14.02 14.42 15.24

Carrols Restaurant Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.94 13.02 13.08 15.24 13.19

Carrols Restaurant Group 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.


Carrols Restaurant Group  (NAS:TAST) 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.

Carrols Restaurant Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(38.03+0.75 * 25.033+0.5 * 13.189-1384.322
-0-0)/64.222
=-20.57

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

Carrols Restaurant Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=14.213/375.013*365 / 4
=3.46

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

Carrols Restaurant Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=375.013 / 14.213
=26.39

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.

Carrols Restaurant Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=14.213 / 452.192
=0.03

* 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.


Carrols Restaurant Group Total Inventories Related Terms

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Carrols Restaurant Group (Carrols Restaurant Group) Business Description

Traded in Other Exchanges
Address
968 James Street, Syracuse, NY, USA, 13203
Carrols Restaurant Group Inc is a restaurant company. It owns and operates Burger King restaurants in the Northeastern, Midwestern, and Southeastern United States. The Burger King restaurants are quick-service restaurants featuring hamburgers and other sandwiches.
Executives
Anthony E Hull officer: VP, CFO, Treasurer 175 PARK AVENUE, MADISON NJ 07940
Gretta Miles officer: VP, Controller, Asst Treasurer 968 JAMES STREET, SYRACUSE NY 13203
Ahmad Filsoof officer: VP, Strategic Initiatives 968 JAMES STREET, SYRACUSE NY 13203
Cambridge Franchise Partners, Llc 10 percent owner 853 BROADWAY, NEW YORK NY 10003
Richard G Cross officer: VP, Real Estate 968 JAMES STREET, SYRACUSE NY 13203
Gary Mcquillan officer: VP, Strategic Procurement 968 JAMES STREET, SYRACUSE NY 13203
Joseph W Hoffman officer: Chief Restaurant Officer 968 JAMES STREET, SYRACUSE NY 13203
Paulo A Pena officer: President and CEO 968 JAMES STREET, SYRACUSE NY 13203
John Davis Smith director 968 JAMES STREET, SYRACUSE NY 13203
Jared L. Landaw officer: VP, GC, Secretary 101 WEST 79TH STREET - 12B, NEW YORK NY 10024
Nathan Mucher officer: VP, Chief Information Officer 968 JAMES STREET, SYRACUSE NY 13203
Thomas Benjamin Curtis director 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Matthew Terker Perelman director, 10 percent owner 853 BROADWAY, SUITE 2014, NEW YORK NY 10003
Carl S Hauch officer: VP and COO ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012
David Harris director 237 PARK AVENUE - SUITE 900, NEW YORK NY 10017