Ricegrowers (ASX:SGLLV) Total Inventories : A$549 Mil (As of Oct. 2023)

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What is Ricegrowers Total Inventories?

Ricegrowers's total inventories for the quarter that ended in Oct. 2023 was A$549 Mil. Ricegrowers's average total inventories from the quarter that ended in Apr. 2023 to the quarter that ended in Oct. 2023 was A$559 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ricegrowers's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was A$-2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ricegrowers's Days Inventory for the six months ended in Oct. 2023 was 184.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ricegrowers's Inventory Turnover for the quarter that ended in Oct. 2023 was 0.99.

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. Ricegrowers's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.61.

Ricegrowers Total Inventories Historical Data

The historical data trend for Ricegrowers'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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Ricegrowers Total Inventories Chart

Ricegrowers Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Total Inventories

361.39

277.34

375.72

524.95

569.92

Ricegrowers Semi-Annual Data
	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Inventories	Get a 7-Day Free Trial					351.04	524.95	600.57	569.92	548.77

Ricegrowers 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.

Ricegrowers (ASX:SGLLV) 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.

Ricegrowers's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is

	Net-Net Working Capital Per Share (Q: Oct. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(50.678	+	0.75 * 290.157	+	0.5 * 548.767	-	691.482
-	0	-	23.621)	/	64.3608
=	-2.68

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

Ricegrowers's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	559.3425	/	553.841	*	365 / 2
	=	184.31

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

Ricegrowers's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2023 )	/	Average Total Inventories (Q: Oct. 2023 )
	=	553.841	/	559.3425
	=	0.99

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.

Ricegrowers's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	559.3425	/	915.863
	=	0.61

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.

Ricegrowers Total Inventories Related Terms

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Ricegrowers (ASX:SGLLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ricegrowers Ltd (ASX:SGLLV) » Definitions » Total Inventories

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7H0:Germany

Address

57 Yanco Avenue, Leeton, NSW, AUS, 2705

Website

https://www.sunrice.com.au

Ricegrowers Ltd is engaged in offering varieties of rice and related products. The business activities of the company are operated under Rice Food, International Rice, Rice Food, Riviana, CopRice, and Corporate segments. The principal activities of the company and its entities consist of the purchase and storage of paddy rice, the milling, processing, manufacturing, procurement, distribution, and marketing of rice and related products, animal feed and nutrition products, groceries, and others. The company generates maximum revenue from the International Rice segment.

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