Universal (Universal) Total Inventories : $1,205 Mil (As of Dec. 2023)

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What is Universal Total Inventories?

Universal's total inventories for the quarter that ended in Dec. 2023 was $1,205 Mil. Universal's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1,252 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Universal's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-15.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal's Days Inventory for the three months ended in Dec. 2023 was 174.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Universal's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.52.

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. Universal's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.52.

Universal Total Inventories Historical Data

The historical data trend for Universal'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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Universal Total Inventories Chart

Universal Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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699.22

806.57

786.62

1,016.67

1,036.78

Universal 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															1,077.94	1,036.78	1,299.45	1,298.51	1,205.28

Universal 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.

Universal (NYSE:UVV) 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.

Universal'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)
=	(74.102	+	0.75 * 468.415	+	0.5 * 1205.276	-	1375.224
-	0	-	41.574)	/	24.5592
=	-15.83

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

Universal'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
	=	1251.892	/	654.556	*	365 / 4
	=	174.52

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

Universal'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 )
	=	654.556	/	1251.892
	=	0.52

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.

Universal'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 )
	=	1251.892	/	821.507
	=	1.52

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.

Universal Total Inventories Related Terms

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Universal (Universal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Universal Corp (NYSE:UVV) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

UVV:Germany UVV:Germany

Address

9201 Forest Hill Avenue, Richmond, VA, USA, 23235

Website

http://www.universalcorp.com

Universal Corp is a global leaf tobacco supplier. The company procures leaf tobacco from farmers, processes it, and sells it to companies that manufacture consumer tobacco products. Universal does not manufacture or sell any consumer products itself. The company's segment includes Tobacco Operations and Ingredients Operations. It generates maximum revenue from the Tobacco Operations segment. Geographically, it derives a majority of revenue from the United States.

Executives

Candace C Formacek	officer: Vice President & Treasurer	PO BOX 25099, RICHMOND VA 23260
Robert C Sledd	director	9201 FOREST HILL AVENUE, RICHMOND VA 23235
Airton L Hentschke	officer: SVP & COO	9201 FOREST HILL AVENUE, RICHMOND VA 23235
Lennart R. Freeman	director	9201 FOREST HILL AVENUE, RICHMOND VA 23235
Mckeen Starke	officer: Senior VP & Sales Director	9201 FOREST HILL AVENUE, RICHMOND VA 23235
Preston Douglas Wigner	officer: VP, General Counsel & Secy	9201 FOREST HILL AVENUE, PO BOX 25099, RICHMOND VA 23260
Schick Arthur J. Jr.	director	9201 FOREST HILL AVENUE, RICHMOND VA 23235
Theodore G Broome	other: Subsidiary Officer	PO BOX 25099, RICHMOND VA 23260
Thomas H Johnson	director	9201 FOREST HILL AVENUE, RICHMOND VA 23235
Diana F Cantor	director	9201 FOREST HILL AVENUE, RICHMOND VA 23235
Michael T Lawton	director	DOMINO'S PIZZA, 30 FRANK LLOYD WRIGHT DRIVE, ANN ARBOR MI 48106
Tullidge Thomas H Jr	director	PO BOX 25099, RICHMOND VA 23260
Jacqueline T. Williams	director	UNIVERSAL CORP., 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Scott J Bleicher	officer: Vice President and Controller	PO BOX 25099, RICHMOND VA 23260
John Patrick O'keefe	other: Subsidiary Officer	9201 FOREST HILL AVENUE, RICHMOND VA 23235