United States Lime & Minerals (United States Lime & Minerals) Total Inventories : $24.3 Mil (As of Dec. 2023)

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What is United States Lime & Minerals Total Inventories?

United States Lime & Minerals's total inventories for the quarter that ended in Dec. 2023 was $24.3 Mil. United States Lime & Minerals's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $24.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. United States Lime & Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $31.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United States Lime & Minerals's Days Inventory for the three months ended in Dec. 2023 was 52.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. United States Lime & Minerals's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.75.

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. United States Lime & Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

United States Lime & Minerals Total Inventories Historical Data

The historical data trend for United States Lime & Minerals'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.

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United States Lime & Minerals Total Inventories Chart

United States Lime & Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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13.39

15.21

15.12

19.58

24.31

United States Lime & Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															19.58	22.05	22.35	23.78	24.31

United States Lime & Minerals 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.

United States Lime & Minerals (NAS:USLM) 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.

United States Lime & Minerals'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)
=	(187.964	+	0.75 * 38.052	+	0.5 * 24.313	-	47.498
-	0	-	0)	/	5.70456
=	31.76

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

United States Lime & Minerals'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
	=	24.0455	/	42.103	*	365 / 4
	=	52.11

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

United States Lime & Minerals'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 )
	=	42.103	/	24.0455
	=	1.75

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.

United States Lime & Minerals'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 )
	=	24.0455	/	65.692
	=	0.37

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.

United States Lime & Minerals Total Inventories Related Terms

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United States Lime & Minerals (United States Lime & Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » United States Lime & Minerals Inc (NAS:USLM) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

ULI:Germany

Address

5429 LBJ Freeway, Suite 230, Dallas, TX, USA, 75240

Website

http://www.uslm.com

United States Lime & Minerals Inc is engaged in the business of manufacturing lime and limestone products including PLS, quicklime, hydrated lime, and lime slurry. It supplies primarily to the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), oil and gas services, roof shingle manufacturers and agriculture (including poultry and cattle feed producers) industries. The company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas.

Executives

Timothy Wade Stone	other: Director - Sales & Marketing	5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Sandra C Duhe	director	5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Timothy W Byrne	director, officer: President & CEO	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Nathan O'neill	officer: Vice President	5429 LBJ FRWY; STE 230, DALLAS TX 75240
Bill Hughes	officer: Senior Vice President	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Hawkins Tom S Jr	director	5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75420
John J Gagnon	officer: Vice President	5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Inberdon Enterprises Ltd	10 percent owner	1020 789 WEST PENDER ST, VANCOUVER A1 00000
Edward A Odishaw	director	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
George Michel Doumet	10 percent owner	#2201 - 2077 NELSON STREET, VANCOUVER A1 V6G 2Y2
Richard W Cardin	director	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Ray M Harlin	director
Michael L Wiedemer	officer: VP & CFO	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
M Michael Owens	officer: Vice President	5429 LBJ FREEWAY STE 230, DALLAS TX 75240
David Leymeister	officer: Vice President	5711 PRESTON OAKS ROAD, #1433, DALLAS TX 75254