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Greencore Group (CHIX:GNCL) Total Inventories : £68 Mil (As of Mar. 2024)


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What is Greencore Group Total Inventories?

Greencore Group's total inventories for the quarter that ended in Mar. 2024 was £68 Mil. Greencore Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Mar. 2024 was £70 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Greencore Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was £-1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greencore Group's Days Inventory for the six months ended in Mar. 2024 was 21.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greencore Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.32.

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. Greencore Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.


Greencore Group Total Inventories Historical Data

The historical data trend for Greencore 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.

Greencore Group Total Inventories Chart

Greencore Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.90 44.70 47.70 63.30 72.90

Greencore Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 52.50 63.30 71.00 72.90 67.80

Greencore 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.


Greencore Group  (CHIX:GNCl) 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.

Greencore 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)
=(108.9+0.75 * 235.4+0.5 * 67.8-821
-0-0)/468.03
=-1.07

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

Greencore Group's Days Inventory for the six 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
=70.35/585*365 / 2
=21.95

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

Greencore 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 )
=585 / 70.35
=8.32

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.

Greencore 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 )
=70.35 / 866.1
=0.08

* 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.


Greencore Group Total Inventories Related Terms

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Greencore Group (CHIX:GNCL) Business Description

Traded in Other Exchanges
Address
No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9
Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.

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