TheWorks.Co.uk (LSE:WRKS) Total Inventories : £56.1 Mil (As of Oct. 2023)

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What is TheWorks.Co.uk Total Inventories?

TheWorks.Co.uk's total inventories for the quarter that ended in Oct. 2023 was £56.1 Mil. TheWorks.Co.uk's average total inventories from the quarter that ended in Apr. 2023 to the quarter that ended in Oct. 2023 was £44.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. TheWorks.Co.uk's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was £-1.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TheWorks.Co.uk's Days Inventory for the six months ended in Oct. 2023 was 71.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. TheWorks.Co.uk's Inventory Turnover for the quarter that ended in Oct. 2023 was 2.54.

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. TheWorks.Co.uk's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.37.

TheWorks.Co.uk Total Inventories Historical Data

The historical data trend for TheWorks.Co.uk'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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TheWorks.Co.uk Total Inventories Chart

TheWorks.Co.uk Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Inventories

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25.16

26.59

29.13

29.39

33.44

TheWorks.Co.uk Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Inventories	Get a 7-Day Free Trial										40.04	29.39	53.57	33.44	56.12

TheWorks.Co.uk 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.

TheWorks.Co.uk (LSE:WRKS) 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.

TheWorks.Co.uk'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)
=	(2.458	+	0.75 * 9.39	+	0.5 * 56.118	-	155.104
-	0	-	0)	/	62.5
=	-1.88

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

TheWorks.Co.uk'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
	=	44.7795	/	113.935	*	365 / 2
	=	71.73

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

TheWorks.Co.uk'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 )
	=	113.935	/	44.7795
	=	2.54

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.

TheWorks.Co.uk'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 )
	=	44.7795	/	122.575
	=	0.37

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.

TheWorks.Co.uk Total Inventories Related Terms

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TheWorks.Co.uk (LSE:WRKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TheWorks.Co.uk PLC (LSE:WRKS) » Definitions » Total Inventories

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Address

Boldmere House, Faraday Avenue, Hams Hall Distribution Park, Coleshill, Birmingham, GBR, B46 1AL

Website

https://www.theworks.co.uk

TheWorks.Co.uk PLC is a multi-channel specialist retailers. The company's product categories include Books, Stationery, Arts and crafts, and Toys and games. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in EU countries. Some of the company brands include Boldmere, Brain Maze, CMYK Design Works, Corner Piece, Crawford and Black, Easter Wishes, Explore, Learn, Discover, Fun Workz, Make and Create Boutique, The Craft Place, and others. It has one operating segment with two revenue streams, in store and online.

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