The Chefs' Warehouse (The Chefs' Warehouse) Total Inventories : $285 Mil (As of Dec. 2023)

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What is The Chefs' Warehouse Total Inventories?

The Chefs' Warehouse's total inventories for the quarter that ended in Dec. 2023 was $285 Mil. The Chefs' Warehouse's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $298 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Chefs' Warehouse's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-20.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Chefs' Warehouse's Days Inventory for the three months ended in Dec. 2023 was 37.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Chefs' Warehouse's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.42.

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. The Chefs' Warehouse's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

The Chefs' Warehouse Total Inventories Historical Data

The historical data trend for The Chefs' Warehouse'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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The Chefs' Warehouse Total Inventories Chart

The Chefs' Warehouse Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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124.06

82.52

144.49

245.69

284.53

The Chefs' Warehouse Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															245.69	274.79	291.92	312.22	284.53

The Chefs' Warehouse 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.

The Chefs' Warehouse (NAS:CHEF) 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.

The Chefs' Warehouse'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)
=	(49.878	+	0.75 * 334.015	+	0.5 * 284.528	-	1250.634
-	0	-	0)	/	39.6658
=	-20.37

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

The Chefs' Warehouse's Days Inventory for the three 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
	=	298.375	/	721.849	*	365 / 4
	=	37.72

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

The Chefs' Warehouse'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 )
	=	721.849	/	298.375
	=	2.42

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.

The Chefs' Warehouse'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 )
	=	298.375	/	950.473
	=	0.31

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.

The Chefs' Warehouse Total Inventories Related Terms

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The Chefs' Warehouse (The Chefs' Warehouse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The Chefs' Warehouse Inc (NAS:CHEF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

2CF:Germany

Address

100 East Ridge Road, Ridgefield, CT, USA, 06877

Website

https://www.chefswarehouse.com

The Chefs' Warehouse Inc is a specialty food distributor in major metropolitan areas across the United States and Canada. The company's product portfolio is primarily comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. The Chefs' Warehouse operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, mid and west coasts of the U.S. The company provides service primarily to restaurants, clubs, hotels, caterers, schools, bakeries, casinos and speciality food stores.

Executives

Tim Mccauley	officer: Chief Accounting Officer	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Joseph M. Cugine	director	16859 CAMINETTO COURT, NAPLES, NAPLES FL 34110
Katherine Oliver	director	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Christina Polychroni	officer: Chief Human Resources Officer	C/O THE CHEFS' WAREHOUSE, 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Alexandros Aldous	officer: General Counsel	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
James Leddy	officer: Chief Financial Officer	C/O THE CHEFS' WAREHOUSE INC., 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Christopher Pappas	director, officer: President and CEO	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Patricia Lecouras	officer: Chief Human Resources Officer	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
John Pappas	director, officer: Vice Chairman	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Aylwin B Lewis	director	111 N. CANAL, SUITE 850, CHICAGO IL 60606
Ivy Brown	director	17324 E HIDDEN GREEN CT, RIO VERDE AZ 85263
John A Couri	director	63 COPPS HILL RD, RIDGEFIELD CT 06877
David E. Schreibman	director	1852 N. FREMONT STREET, CHICAGO IL 60614
Christina Carroll	director	16529 ADLON ROAD, ENCINO CA 91436
John D Austin	officer: Chief Financial Officer