Carr's Group (LSE:CARR) Total Inventories : £22.6 Mil (As of Feb. 2024)

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What is Carr's Group Total Inventories?

Carr's Group's total inventories for the quarter that ended in Feb. 2024 was £22.6 Mil. Carr's Group's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Feb. 2024 was £24.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Carr's Group's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was £0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carr's Group's Days Inventory for the six months ended in Feb. 2024 was 70.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Carr's Group's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.58.

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. Carr's Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.30.

Carr's Group Total Inventories Historical Data

The historical data trend for Carr's 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.

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Carr's Group Total Inventories Chart

Carr's Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Inventories

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46.27

41.58

43.23

26.99

26.61

Carr's Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Total Inventories	Get a 7-Day Free Trial															51.93	26.99	24.86	26.61	22.62

Carr's 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.

Carr's Group (LSE:CARR) 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.

Carr's Group's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(21.581	+	0.75 * 24.186	+	0.5 * 22.622	-	48.734
-	0	-	0)	/	94.3498
=	0.02

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

Carr's Group's Days Inventory for the six months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	24.6175	/	63.574	*	365 / 2
	=	70.67

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

Carr's Group's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	63.574	/	24.6175
	=	2.58

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.

Carr's Group's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	24.6175	/	81.372
	=	0.30

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.

Carr's Group Total Inventories Related Terms

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Carr's Group (LSE:CARR) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carr's Group PLC (LSE:CARR) » Definitions » Total Inventories

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CARRl:UK CARR.GB:UK

Address

Old Croft, Stanwix, Carlisle, Cumbria, GBR, CA3 9BA

Website

https://www.carrsgroup.com

Carr's Group PLC is a British farm supplies company. The company operates through two segments: Speciality Agriculture and Engineering. The Speciality Agriculture segment derives its revenue from the sale of animal feed blocks and animal health products. The Engineering segment derives its revenue from the provision of engineering services and the design and manufacture of bespoke equipment for use in the nuclear, naval defence, oil and gas, and petrochemical industries and the products include manipulators, robotics, specialist fabrication and precision machining. The company generates the majority of its revenue from the Speciality Agriculture segment.