Rapala VMC (Rapala VMC) Total Inventories : $95.4 Mil (As of Dec. 2023)

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What is Rapala VMC Total Inventories?

Rapala VMC's total inventories for the quarter that ended in Dec. 2023 was $95.4 Mil. Rapala VMC's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $101.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Rapala VMC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rapala VMC's Days Inventory for the six months ended in Dec. 2023 was 351.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rapala VMC's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.52.

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. Rapala VMC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.89.

Rapala VMC Total Inventories Historical Data

The historical data trend for Rapala VMC'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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Rapala VMC Total Inventories Chart

Rapala VMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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102.89

83.70

97.40

105.83

95.42

Rapala VMC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															97.40	124.42	105.83	106.72	95.42

Rapala VMC 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.

Rapala VMC (OTCPK:RPNMF) 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.

Rapala VMC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(21.81	+	0.75 * 27.808	+	0.5 * 95.42	-	157.034
-	0	-	0)	/	38.8761
=	-1.71

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

Rapala VMC's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	101.0685	/	52.454	*	365 / 2
	=	351.64

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

Rapala VMC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	52.454	/	101.0685
	=	0.52

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.

Rapala VMC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	101.0685	/	113.086
	=	0.89

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.

Rapala VMC Total Inventories Related Terms

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Rapala VMC (Rapala VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rapala VMC Corp (OTCPK:RPNMF) » Definitions » Total Inventories

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RAP1V:Finland RAP:Germany

Address

Makelankatu 87, Helsinki, FIN, 00610

Website

https://www.rapalavmc.com

Rapala VMC Corp is a fishing tackle company. It is engaged in the business of manufacturing, sourcing and distributing mainly fishing tackle equipment as well as hunting, outdoor and winter sports equipment. The company's products include fishing lures, treble hooks, fishing related knives and hooks etc. The firm markets and sells its products under Sufix, Mora Ice, Peltonen, Williamson, VMC, Storm, Blue fox and Rapala brand names. The company has Group products and Third-party products operating segments. It derives the majority of its revenues from the Group products operating segment.

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