Flowers Foods (Flowers Foods) Total Inventories

: $271 Mil (As of Dec. 2023)

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Flowers Foods's total inventories for the quarter that ended in Dec. 2023 was $271 Mil. Flowers Foods's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $269 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Flowers Foods's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-7.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flowers Foods's Days Inventory for the three months ended in Dec. 2023 was 41.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flowers Foods's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.19.

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. Flowers Foods's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

Flowers Foods Total Inventories Historical Data

The historical data trend for Flowers Foods'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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Flowers Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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194.52

193.34

203.46

242.31

270.88

Flowers Foods 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															242.31	264.57	256.56	266.15	270.88

Flowers Foods 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.

Flowers Foods (NYSE:FLO) 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.

Flowers Foods'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)
=	(22.527	+	0.75 * 328.246	+	0.5 * 270.883	-	2075.171
-	0	-	0)	/	210.42
=	-7.94

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

Flowers Foods'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
	=	268.5165	/	587.719	*	365 / 4
	=	41.69

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

Flowers Foods'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 )
	=	587.719	/	268.5165
	=	2.19

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.

Flowers Foods'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 )
	=	268.5165	/	1129.027
	=	0.24

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.

Flowers Foods Total Inventories Related Terms

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Flowers Foods (Flowers Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flowers Foods Inc (NYSE:FLO) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

FWF:Germany FWF:Germany

Address

1919 Flowers Circle, Thomasville, GA, USA, 31757

Website

https://www.flowersfoods.com

Flowers Foods Inc is an American company producing bakery food for retail and foodservice across the United States. The product portfolio includes fresh breads, buns, rolls, snack cakes, and tortillas. The company distributes to supermarkets, convenience stores, and restaurants. The key brands are Nature's Own, Whitewheat, Cobblestone Bread, Wonder, Dave's Killer Bread, Canyon Bakehouse, Mrs. Freshley's, and Tastykake.

Executives

R Steve Kinsey	officer: EVP & Chief Financial Officer	301 HABERSHAM ROAD, THOMASVILLE GA 31792
Stephanie B Tillman	officer: Chief Legal Counsel	1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Ryals Mcmullian	officer: Chief Strategy Officer	2922 IVANHOE ROAD, TALLAHASSEE FL 32312
Brigitte King	director	1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Joanne D Smith	director	C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
H Mark Courtney	officer: SVP Sales&Mkt Flowers Bakeries	16 MEANDER TRACE, THOMASVILLE GA 31792
Cindy Cox	officer: Chief Human Resources Officer	1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Chubb Thomas Caldecot Iii	director	999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309
Melvin T Stith	director	1111 BAY AVENUE, SUITE 501, COLUMBUS GA 31901
Thomas L Winters	officer: Chief Supply Chain Officer	1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Heeth Iv Varnedoe	officer: Chief Transformation Officer	1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
William Jameson Mcfadden	director	140 BROADWAY, NEW YORK NY 10005
Brad Cashaw	officer: Chief Supply Chain Officer	2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204
Terry S Thomas	director	6430 STEFANI DRIVE, DALLAS TX 75225
Casey Edward J. Jr.	director	835 HAMILTON STREET, SUITE 150, ALLENTOWN PA 18101