DLA has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
DLA has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Delta Apparel's total inventories for the quarter that ended in Dec. 2023 was $196.3 Mil. Delta Apparel's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $204.4 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Delta Apparel's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-22.61.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Delta Apparel's Days Inventory for the three months ended in Dec. 2023 was 261.95.
Inventory Turnover measures how fast the company turns over its inventory within a year. Delta Apparel's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.35.
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. Delta Apparel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.56.
The historical data trend for Delta Apparel'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.
Delta Apparel Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 179.11 | 145.52 | 161.70 | 248.54 | 212.37 |
Delta Apparel 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 | 258.89 | 243.17 | 226.20 | 212.37 | 196.35 |
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.
Delta Apparel (AMEX:DLA) 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.
Delta Apparel'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) | ||
= | (0.377 | + | 0.75 * 32.273 | + | 0.5 * 196.348 | - | 282.927 |
- | 0 | - | -0.713) | / | 7.05115 | ||
= | -22.61 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Delta Apparel'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 |
= | 204.3565 | / | 71.187 | * | 365 / 4 | |
= | 261.95 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Delta Apparel'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 ) |
= | 71.187 | / | 204.3565 | |
= | 0.35 |
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.
Delta Apparel'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 ) |
= | 204.3565 | / | 79.934 | |
= | 2.56 |
* 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.
Thank you for viewing the detailed overview of Delta Apparel's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffery Neil Stillwell | officer: President, Salt Life Group | 24 12TH STREET, COLUMBUS GA 29601 |
Billy Charles Hardgrave | director | 2750 PREMIERE PKWY., SUITE 100, DULUTH GA 30097 |
Glenda E Hood | director | |
David G Whalen | director | 4 HOLLY LANE, BARRINGTON RI 02806 |
James Bradley Campbell | director | 215 MCDANIEL AVENUE, GREENVILLE SC 29601 |
Nancy P Bubanich | officer: VP & Chief Accounting Officer | 201 WEST MCBEE AVENUE, SUITE 320, GREENVILLE SC 29601 |
George Jay Gogue | director | 322 S. MAIN STREET, GREENVILLE SC 29601 |
Justin Marshall Grow | officer: General Counsel | 322 S. MAIN STREET, GREENVILLE SC 29601 |
Taylor A Alexander Ii | director | 4080 JENKINS ROAD, CHATTANOOGA TN 31421 |
Sonya E Medina | director | P.O. BOX 99900, LOUISVILLE KY 40269 |
Matthew Joel Miller | officer: President, Delta Group | 2859 PACES FERRY RD., #2000, ATLANTA GA 30339 |
Deborah H Merrill | officer: VP Chief Accounting Officer | 2750 PREMIERE PARKWAY, DULUTH GA 30097 |
Simone C Walsh | officer: VP, CFO & Treasurer | 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339 |
Encalada Arjona Carlos Enrique | officer: V.P. of Manufacturing | 322 SOUTH MAIN STREET, GREENVILLE SC 29601 |
Sandra Lauren Satterfield | officer: Deputy GC & Corp. Secretary | 2750 PREMIERE PARKWAY, SUITE 100, DULUTH SC 29601 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 12-10-2021
By gurufocus • 08-28-2009
By [email protected] insider • 03-13-2020
By gurufocus • 05-01-2009
By gurufocus 10qk • 05-05-2010
By gurufocus 10qk • 11-05-2010
By GuruFocus Research GuruFocus Editor • 11-23-2021
By gurufocus 10qk • 02-08-2010
By gurufocus • 02-03-2009
By Tiziano Frateschi Tiziano Frateschi • 04-26-2021
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.