AdvancePierre Foods Holdings (FRA:1AC) Total Inventories : €212 Mil (As of Mar. 2017)

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What is AdvancePierre Foods Holdings Total Inventories?

AdvancePierre Foods Holdings's total inventories for the quarter that ended in Mar. 2017 was €212 Mil. AdvancePierre Foods Holdings's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Mar. 2017 was €206 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. AdvancePierre Foods Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was €-15.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AdvancePierre Foods Holdings's Days Inventory for the three months ended in Mar. 2017 was 68.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. AdvancePierre Foods Holdings's Inventory Turnover for the quarter that ended in Mar. 2017 was 1.34.

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. AdvancePierre Foods Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.55.

AdvancePierre Foods Holdings Total Inventories Historical Data

The historical data trend for AdvancePierre Foods Holdings'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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AdvancePierre Foods Holdings Total Inventories Chart

AdvancePierre Foods Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Total Inventories

174.60

197.49

199.69

AdvancePierre Foods Holdings Quarterly Data
	Dec13	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Total Inventories	Get a 7-Day Free Trial						184.16	182.70	187.73	199.69	211.94

AdvancePierre Foods Holdings 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.

AdvancePierre Foods Holdings (FRA:1AC) 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.

AdvancePierre Foods Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 is

	Net-Net Working Capital Per Share (Q: Mar. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(106.644	+	0.75 * 84.483	+	0.5 * 211.937	-	1459.466
-	0	-	0)	/	78.6649
=	-15.04

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

AdvancePierre Foods Holdings's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2017 )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
	=	205.8155	/	276.077	*	365 / 4
	=	68.03

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

AdvancePierre Foods Holdings's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2017 )	/	Average Total Inventories (Q: Mar. 2017 )
	=	276.077	/	205.8155
	=	1.34

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.

AdvancePierre Foods Holdings's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	205.8155	/	376.552
	=	0.55

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.

AdvancePierre Foods Holdings Total Inventories Related Terms

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AdvancePierre Foods Holdings (FRA:1AC) Business Description

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Website

http://www.advancepierre.com

AdvancePierre Foods Holdings Inc was incorporated in Delaware on December 5, 2008 as Pierre Foods Holding Corporation and changed its name to AdvancePierre Foods Holdings, Inc., on March 16, 2016. The Company is a producer and distributor of value-added, ready-to-eat sandwiches, sandwich components and other entrÃ©es and snacks. It markets and distributes multiple product categories including ready-to-eat sandwiches, such as breakfast sandwiches, PB&J sandwiches and hamburgers; sandwich components, such as fully-cooked hamburger and chicken patties and Philly steaks; and other entrÃ©es and snacks, such as country fried steak, stuffed entrÃ©es, chicken tenders and cinnamon dough bites. The Company sells its value-added products to the foodservice, retail and convenience channels, as well as in the industrial channel. It operates in four segments Foodservice, Retail, Convenience and Industrial. Its Foodservice customers include national and regional distributors, who sells Company's products to end-customers including restaurant operators, schools, U.S. military and grocery deli counters. Its Retail segment serves an array of retail customers including national and regional grocery chains, major warehouse club stores, mass retailers and dollar stores. The Convenience segment represents outlet for ready-to-eat sandwiches and includes sales to vending providers. Industrial segment consists of sales to other food producers under short-term co-manufacturing agreements. Its competitors include American Food Group, CTI, Allied Specialty Foods, Devault Foods, Lopez Foods and JTM Food Group.

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