GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Farmer Bros Co (NAS:FARM) » Definitions » Total Inventories

Farmer Bros Co (Farmer Bros Co) Total Inventories : $55.5 Mil (As of Dec. 2023)


View and export this data going back to 1990. Start your Free Trial

What is Farmer Bros Co Total Inventories?

Farmer Bros Co's total inventories for the quarter that ended in Dec. 2023 was $55.5 Mil. Farmer Bros Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $54.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Farmer Bros Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Farmer Bros Co's Days Inventory for the three months ended in Dec. 2023 was 93.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Farmer Bros Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.97.

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. Farmer Bros Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.61.


Farmer Bros Co Total Inventories Historical Data

The historical data trend for Farmer Bros Co'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.

Farmer Bros Co Total Inventories Chart

Farmer Bros Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 87.91 67.41 76.79 57.57 49.28

Farmer Bros Co 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 83.54 82.26 49.28 54.29 55.47

Farmer Bros Co 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.


Farmer Bros Co  (NAS:FARM) 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.

Farmer Bros Co'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)
=(6.932+0.75 * 28.262+0.5 * 55.469-138.585
-0-0)/20.794
=-3.98

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

Farmer Bros Co'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
=54.88/53.344*365 / 4
=93.88

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

Farmer Bros Co'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 )
=53.344 / 54.88
=0.97

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.

Farmer Bros Co'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 )
=54.88 / 89.453
=0.61

* 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.


Farmer Bros Co Total Inventories Related Terms

Thank you for viewing the detailed overview of Farmer Bros Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Farmer Bros Co (Farmer Bros Co) Business Description

Traded in Other Exchanges
Address
1912 Farmer Brothers Drive, Northlake, TX, USA, 76262
Farmer Bros Co is engaged in manufacturing, wholesaling, and distributing coffee, tea, and culinary products to food-service establishments and retailers in the United States. The company's customers include restaurants, hotels, offices, casinos, convenience stores, healthcare facilities, and other food-service providers. The company's product categories consist of roast and ground coffee, frozen liquid coffee, flavoured and unflavored iced and hot teas, culinary products, spices, and other beverages including cappuccino, cocoa, granitas, and ready-to-drink iced coffee. The products are sold under the brands of Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, and China Mist.
Executives
David Pace director
Brad Bollner officer: Interim CFO 1912 FARMER BROTHERS DRIVE, NORTHLAKE TX 76262
Bradley Louis Radoff director 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Thomas E. Bauer officer: Vice President, Head of DSD 1912 FARMER BROTHERS DRIVE, NORTHLAKE TX 76262
Moore John E. Iii officer: Vice President, Head of Coffee 1912 FARMER BROTHERS DRIVE, NORTHLAKE TX 76262
Moragne Maurice S.j. officer: Chief Sales Officer 1912 FARMER BROTHERS DRIVE, NORTHLAKE TX 76262
Family Foundation Radoff other: See Footnote 1 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Todd E Diener other: See Footnote 1
Jcp Investment Management, Llc other: See Footnote 1 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp other: See Footnote 1 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp other: See Footnote 1 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Holdings, Llc other: See Footnote 1 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
James C Pappas other: See Footnote 1 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
22nw Gp, Inc. 10 percent owner 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
22nw Fund, Lp 10 percent owner 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107