America's Car-Mart (America's Car-Mart) Total Inventories : $109 Mil (As of Jan. 2024)

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What is America's Car-Mart Total Inventories?

America's Car-Mart's total inventories for the quarter that ended in Jan. 2024 was $109 Mil. America's Car-Mart's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $112 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. America's Car-Mart's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-18.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. America's Car-Mart's Days Inventory for the three months ended in Jan. 2024 was 64.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. America's Car-Mart's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.42.

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. America's Car-Mart's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.37.

America's Car-Mart Total Inventories Historical Data

The historical data trend for America's Car-Mart'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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America's Car-Mart Total Inventories Chart

America's Car-Mart Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Inventories

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37.48

36.41

82.26

115.30

109.29

America's Car-Mart Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															131.62	109.29	117.19	113.85	109.31

America's Car-Mart 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.

America's Car-Mart (NAS:CRMT) 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.

America's Car-Mart's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.239	+	0.75 * 1092.481	+	0.5 * 109.313	-	997.54
-	0.4	-	0.1)	/	6.39106
=	-18.74

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

America's Car-Mart's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	111.5795	/	158.25	*	365 / 4
	=	64.34

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

America's Car-Mart's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	158.25	/	111.5795
	=	1.42

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.

America's Car-Mart's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	111.5795	/	299.614
	=	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.

America's Car-Mart Total Inventories Related Terms

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America's Car-Mart (America's Car-Mart) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » America's Car-Mart Inc (NAS:CRMT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

1805 North 2nd Street, Suite 401, Rogers, AR, USA, 72756

Website

https://www.car-mart.com

America's Car-Mart Inc is an automotive retailer in us focused exclusively on the Integrated Auto Sales and Finance segment of the used car market. The Company's operations are principally conducted through its two operating subsidiaries, America's Car Mart Inc and Colonial Auto Finance. It primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company earns revenue from the sale of used vehicles and in most cases a related service contract and an accident protection plan product, as well as interest income and late fees from the related financing.

Executives

Magnolia Capital Fund, Lp	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Campbell Douglas W. Jr.	officer: President	C/O AMERICA'S CAR-MART, INC., 1805 NORTH 2ND STREET, SUITE 401, ROGERS AR 72756
Joshua G Welch	director	C/O VICUNA ADVISORS LLC, PO BOX 427, STONINGTON CT 06378
Julia K. Davis	director	C/O AMERICA'S CAR-MART, INC., 1805 NORTH 2ND STREET, SUITE 401, ROGERS AR 72756
Leonard L. Walthall	officer: Chief Operating Officer	1805 N. 2ND STREET, SUITE 401, ROGERS AR 72756
Dawn C Morris	director	255 E. FIFTH STREET, CINCINNATI OH 45202
William H Henderson	director, officer: President and CEO	C/O AMERICA'S CARMART, 1805 NORTH 2ND STREET, SUITE 401, ROGERS AR 72756
Gremp Jim Von	director	C/O AMERICA'S CAR-MART, INC., 802 SE PLAZA AVE, SUITE 200, BENTONVILLE AR 72712
Ann G. Bordelon	director	C/O AMERICA'S CAR-MART, INC., 1805 N. 2ND STREET, SUITE 401, ROGERS AR 72756
Daniel J Englander	director	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712
Ray C Dillon	director	C/O AMERICA'S CAR-MART, INC., 1805 N. 2ND STREET, SUITE 401, ROGERS AR 72756
Robert Cameron Smith	director	802 SOUTHEAST PLAZA AVENUE, SUITE 200, BENTONVILLE AR 72712
Vickie D. Judy	officer: Principal Accounting Officer	C/O AMERICA'S CAR-MART, INC., 1805 N. 2ND STREET, SUITE 401, ROGERS AR 72756
Eddie L Hight	officer: Chief Operating Officer	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE, #200, BENTONVILLE AR 72712
Adam K Peterson	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102