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Kelly Services (Kelly Services) Total Inventories : $0 Mil (As of Mar. 2024)


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What is Kelly Services Total Inventories?

Kelly Services's total inventories for the quarter that ended in Mar. 2024 was $0 Mil. Kelly Services's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kelly Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kelly Services's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

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. Kelly Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.


Kelly Services Total Inventories Historical Data

The historical data trend for Kelly Services'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.

Kelly Services Total Inventories Chart

Kelly Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
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Kelly Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Kelly Services 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.


Kelly Services  (NAS:KELYA) 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.

Kelly Services's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(200.7+0.75 * 1152.9+0.5 * 0-1118.6
-0-0)/35.4886
=-1.50

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

Kelly Services's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=0/839.4*365 / 4
=0.00

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

Kelly Services's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=839.4 / 0
=N/A

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.

Kelly Services's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=0 / 1045.1
=0.00

* 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.


Kelly Services Total Inventories Related Terms

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Kelly Services (Kelly Services) Business Description

Traded in Other Exchanges
Address
999 West Big Beaver Road, Troy, MI, USA, 48084
Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement or outcome-based services. OCG segment delivers talent solutions including managed service provider, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. Majority of revenue is derived from Professional & Industrial.
Executives
Tammy L Browning officer: Senior Vice President 999 WEST BIG BEAVER RD, TROY MI 48084-4716
Timothy L Dupree officer: Senior Vice President 999 WEST BIG BEAVER RD, TROY MI 48084-4716
Daniel H Malan officer: Senior Vice President 999 WEST BIG BEAVER RD, TROY MI 48084-4716
Olivier Thirot officer: Senior Vice President 999 WEST BIG BEAVER ROAD, TROY MI 48084
Donald R Parfet director C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Darren Simons officer: SVP and Chief Digital Officer 999 W. BIG BEAVER ROAD, TROY MI 48084-4716
Amala Duggirala director PO BOX 10247, BIRMINGHAM AL 35202-0247
Inamarie Johnson director 1019 MARKET STREET, SAN FRANCISCO CA 94103
Terrence B Larkin director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jane E Dutton director 701 TAPPAN STREET, ANN ARBOR MI 49101-1234
James H Bradley officer: Senior Vice President 999 WEST BIG BEAVER RD, TROY MI 48084-4716
Vanessa Peterson Williams officer: General Counsel 999 WEST BIG BEAVER ROAD, TROY MI 48084-4716
Leslie A Murphy director 4811 S CHIPPING GLEN, BLOOMFIELD HILLS MI 48302
George S Corona officer: Executive Vice President 2653 TOWER HILL, ROCHESTER HILLS MI 48306
James Polehna officer: VP and Corporate Secretary 999 WEST BIG BEAVER ROAD, TROY MI 48084