Rite Aid (FRA:RTA1) Total Inventories : €1,828 Mil (As of Aug. 2023)

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What is Rite Aid Total Inventories?

Rite Aid's total inventories for the quarter that ended in Aug. 2023 was €1,828 Mil. Rite Aid's average total inventories from the quarter that ended in May. 2023 to the quarter that ended in Aug. 2023 was €1,811 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Rite Aid's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was €-111.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rite Aid's Days Inventory for the three months ended in Aug. 2023 was 39.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rite Aid's Inventory Turnover for the quarter that ended in Aug. 2023 was 2.30.

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. Rite Aid's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.35.

Rite Aid Total Inventories Historical Data

The historical data trend for Rite Aid'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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Rite Aid Total Inventories Chart

Rite Aid Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Inventories

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1,649.18

1,762.11

1,542.26

1,726.22

1,775.30

Rite Aid Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Total Inventories	Get a 7-Day Free Trial															1,999.88	1,943.69	1,775.30	1,794.38	1,828.38

Rite Aid 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.

Rite Aid (FRA:RTA1) 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.

Rite Aid's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2023 is

	Net-Net Working Capital Per Share (Q: Aug. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(85.213	+	0.75 * 1350.516	+	0.5 * 1828.382	-	8337.568
-	0	-	0)	/	56.6963
=	-111.56

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

Rite Aid's Days Inventory for the three months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	1811.381	/	4172.794	*	365 / 4
	=	39.61

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

Rite Aid's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2023 )	/	Average Total Inventories (Q: Aug. 2023 )
	=	4172.794	/	1811.381
	=	2.30

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.

Rite Aid's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	1811.381	/	5177.456
	=	0.35

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.

Rite Aid Total Inventories Related Terms

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Rite Aid (FRA:RTA1) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rite Aid Corp (FRA:RTA1) » Definitions » Total Inventories

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RADCQ:USA

Address

1200 Intrepid Avenue, PO Box 3165, Philadelphia, PA, USA, 17105

Website

https://www.riteaid.com

Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.

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