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Carriage Services (Carriage Services) Total Inventories : $8.3 Mil (As of Dec. 2023)


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What is Carriage Services Total Inventories?

Carriage Services's total inventories for the quarter that ended in Dec. 2023 was $8.3 Mil. Carriage Services's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $8.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Carriage Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-71.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carriage Services's Days Inventory for the three months ended in Dec. 2023 was 12.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Carriage Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.37.

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. Carriage Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.


Carriage Services Total Inventories Historical Data

The historical data trend for Carriage Services'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.

* Premium members only.

Carriage Services Total Inventories Chart

Carriage Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.99 7.26 7.35 7.61 8.35

Carriage Services 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.61 9.53 8.45 9.09 8.35

Carriage Services 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.


Carriage Services  (NYSE:CSV) 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.

Carriage Services'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)
=(1.523+0.75 * 27.281+0.5 * 8.347-1094.992
-0-0)/14.9995
=-71.26

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

Carriage Services'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
=8.7175/64.208*365 / 4
=12.39

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

Carriage Services'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 )
=64.208 / 8.7175
=7.37

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.

Carriage Services'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 )
=8.7175 / 98.834
=0.09

* 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.


Carriage Services Total Inventories Related Terms

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Carriage Services (Carriage Services) Business Description

Traded in Other Exchanges
Address
3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056
Carriage Services Inc is a leading provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum crypts, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
Executives
Julie Sanders director 3040 POST OAK BLVD., CARRIAGE SERVICES, SUITE 300, HOUSTON TX 77056
Somer Webb director C/O SOLO BRANDS, INC., 1001 MUSTANG DRIVE, GRAPEVILLE TX 76051
Charles Fargason director 11510 QUAIL HOLLOW LANE, HOUSTON TX 77024
Melvin C Payne director, officer: CEO 3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Paul Donald Elliott other: Regional Partner 5219 LAURELWOOD, KINGWOOD TX 77345
Shane Pudenz officer: VP of Sales and Marketing 3040 POST OAK BLVD., CARRIAGE SERVICES, SUITE 200, HOUSTON TX 77056
Lance Kian Granmayeh officer: EVP, CFO and Treasurer 1201 LOUISIANA STREET, SUITE 3100, HOUSTON TX 77002
Patteson Donald Douglas Jr director 1111 BAGBY, SUITE 1600, HOUSTON TX 77002
Adeola Olaniyan other: Principal Accounting Officer 3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Steven D Metzger other: Senior VP and General Counsel 6332 SCHILLER STREET, HOUSTON TX 77055
Carlos R. Quezada officer: VP of Cemetery Sales/Marketing 3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Carl Benjamin Brink officer: Principal Financial Officer 28634 PLEASANT FOREST DRIVE, KATY TX 77056
Robbie Pape other: Sr. VP & Regional Partner 3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Peggy Schappaugh officer: VP of Operations & Acquistions 3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Shawn R Phillips other: Regional Partner 3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056