Artesian Resources's total inventories for the quarter that ended in Dec. 2023 was $5.98 Mil. Artesian Resources's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $5.74 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Artesian Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-51.10.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Artesian Resources's Days Inventory for the
three
months ended in Dec. 2023 was 40.83.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Artesian Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.23.
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.
Artesian Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.
Artesian Resources Total Inventories Historical Data
The historical data trend for Artesian Resources'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.
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.
Artesian Resources (NAS:ARTNA) 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.
Artesian Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is
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.
Artesian Resources's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
* 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.
Artesian Resources Total Inventories Related Terms
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Artesian Resources (Artesian Resources) Business Description
Artesian Resources Corp operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater, and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. The company is focusing on a wide spectrum of activities, which include identifying new and dependable sources of water supply; developing wells, treatment plants and delivery systems to get water to customers.
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