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Virco Manufacturing (Virco Manufacturing) Total Inventories : $58.4 Mil (As of Jan. 2024)


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What is Virco Manufacturing Total Inventories?

Virco Manufacturing's total inventories for the quarter that ended in Jan. 2024 was $58.4 Mil. Virco Manufacturing's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $58.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Virco Manufacturing's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Virco Manufacturing's Days Inventory for the three months ended in Jan. 2024 was 201.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Virco Manufacturing's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.45.

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. Virco Manufacturing's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.38.


Virco Manufacturing Total Inventories Historical Data

The historical data trend for Virco Manufacturing'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.

Virco Manufacturing Total Inventories Chart

Virco Manufacturing Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.33 38.27 47.37 67.41 58.37

Virco Manufacturing Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 67.41 85.64 71.85 58.93 58.37

Virco Manufacturing 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.


Virco Manufacturing  (NAS:VIRC) 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.

Virco Manufacturing's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

Net-Net Working Capital Per Share (Q: Jan. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5.286+0.75 * 23.161+0.5 * 58.371-55.266
-0-0)/16.3473
=-0.21

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

Virco Manufacturing's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jan. 2024 )/Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=58.651/26.534*365 / 4
=201.70

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

Virco Manufacturing's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2024 ) / Average Total Inventories (Q: Jan. 2024 )
=26.534 / 58.651
=0.45

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.

Virco Manufacturing's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=58.651 / 42.601
=1.38

* 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.


Virco Manufacturing Total Inventories Related Terms

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Virco Manufacturing (Virco Manufacturing) Business Description

Traded in Other Exchanges
N/A
Address
2027 Harpers Way, Torrance, CA, USA, 90501
Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Geographically, it operates in the United States and Canada.
Executives
Patricia Levine Quinones officer: Vice President 6008 E. CALLE CEDRO, ANAHEIM CA 92807
Bradley C Richardson director
Craig L Levra director C/O SPORT CHALET INC, ONE SPORT CHALET DRIVE, LA CANADA CA 91011
Agnieszka Winkler director C/O INTER-TEL, INCORPORATED, 1615 SOUTH 52ND STREET, TEMPE AZ 85281
Kathleen D Young director C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Douglas A Virtue director, officer: Executive Vice President
Robert A Virtue director, officer: President & CEO & Chairman
Donald R Rudkin director C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Alexander L Cappello director C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Bassey Yau officer: Assistant Secretary / Treasure 5502 MARICOPA ST., TORRANCE CA 90501
Robert M Hupe officer: VP General Counsel C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Jerry Scott Bell officer: COO C/O VIRCO MFG. CORPORATION, TORRANCE CA 90501
Robert James Devers officer: Sr. VP, Information Technology C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Johnson James David Ii officer: Sr. Vice President Marketing C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Michael Anthony Digregorio director C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245