The Dixie Group (The Dixie Group) Total Inventories

: $76.2 Mil (As of Dec. 2023)

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The Dixie Group's total inventories for the quarter that ended in Dec. 2023 was $76.2 Mil. The Dixie Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $78.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Dixie Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Dixie Group's Days Inventory for the three months ended in Dec. 2023 was 146.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Dixie Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.62.

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 Dixie Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.17.

The Dixie Group Total Inventories Historical Data

The historical data trend for The Dixie Group'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 Dixie Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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95.51

67.90

82.74

83.70

76.21

The Dixie Group 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															83.70	83.65	79.18	79.94	76.21

The Dixie Group 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 Dixie Group (NAS:DXYN) 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 Dixie Group'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)
=	(0.079	+	0.75 * 22.461	+	0.5 * 76.211	-	161.878
-	0	-	0)	/	15.5304
=	-6.88

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

The Dixie Group'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
	=	78.0755	/	48.643	*	365 / 4
	=	146.46

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

The Dixie Group'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 )
	=	48.643	/	78.0755
	=	0.62

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 Dixie Group'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 )
	=	78.0755	/	66.674
	=	1.17

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 Dixie Group Total Inventories Related Terms

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The Dixie Group (The Dixie Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » The Dixie Group Inc (NAS:DXYN) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

DX6:Germany

Address

475 Reed Road, Dalton, GA, USA, 30720

Website

https://www.thedixiegroup.com

The Dixie Group Inc is carpet and rug mills company. Its businesses consist principally of marketing, manufacturing and selling finished carpet, rugs, and luxury vinyl tile in the domestic floor covering market. The company has one reportable segment, Floor covering. The company sells floor covering products in both residential and commercial applications. Additionally, the company provides manufacturing support to its carpet businesses through its separate processing operations. Its business is primarily concentrated in areas of the soft floor covering market segment. The company provides its products under the brand of Fabrica, Masland Residential, Dixie Home, Atlas Carpet Mills, Masland Contract, and Hospitality.

Executives

Lowry F Kline	director	PO BOX 2007, DALTON GA 30722
Allen L Danzey	officer: Chief Financial Officer	PO BOX 2007, DALTON GA 30722-2007
Frierson Daniel K Jr	officer: President, Masland Residential	PO BOX 2007, DALTON GA 30722
Jon A Faulkner	officer: VP Planning & Development	PO BOX 2007, DALTON GA 30722
Daniel K Frierson	director, 10 percent owner, officer: Chairman of the Board & CEO	PO BOX 2007, DALTON GA 30722
W Derek Davis	officer: VP - Human Resources	PO BOX 2007, DALTON GA 30722
Murrey John W Iii	director	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Thomas Martin Nuckols	officer: Executive Vice President	475 REED ROAD, DALTON GA 30720
Blue William F Jr	director	PO BOX 2007, DALTON GA 30722
David E Hobbs	officer: VP - Pres Masland Contract	716 BILL MYLES DRIVE, SARALAND AL 36571
Paul B Comiskey	officer: Vice Pres/President Dixie Home	PO BOX 2007, DALTON GA 30722
D Eugene Lasater	officer: Controller	2208 S. HAMILTON STREET, DALTON GA 30721
Starr T Klein	officer: Secretary	PO BOX 25107, CHATTANOOGA TN 37422-5107
Michael L. Owens	director	PO BOX 2007, DALTON GA 30722
Vinson Lee Martin	officer: VP-President Masland Contract	716 BILL MYLES DRIVE, SARALAND AL 36571