CarMax's total inventories for the quarter that ended in Feb. 2024 was $3,678 Mil. CarMax's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was $3,659 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CarMax's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-117.66.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CarMax's Days Inventory for the
three
months ended in Feb. 2024 was 66.23.
Inventory Turnover measures how fast the company turns over its inventory within a year.
CarMax's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.38.
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.
CarMax's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.65.
CarMax Total Inventories Historical Data
The historical data trend for CarMax'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.
CarMax Annual Data
Trend
Feb15
Feb16
Feb17
Feb18
Feb19
Feb20
Feb21
Feb22
Feb23
Feb24
Total Inventories
2,846.42
3,157.16
5,124.57
3,726.14
3,678.07
CarMax Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Total Inventories
3,726.14
4,081.22
3,839.29
3,638.95
3,678.07
CarMax 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.
CarMax (NYSE:KMX) 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.
CarMax's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is
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.
CarMax's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as
* 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.
CarMax Total Inventories Related Terms
Thank you for viewing the detailed overview of CarMax's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
CarMax sells, finances, and services used and new cars through a chain of about 240 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (78% in fiscal 2023 due to the chip shortage) and wholesale about 13% (20% in fiscal 2023), with the remaining portion composed of extended service plans and repair. In fiscal 2023, the company retailed and wholesaled 807,823, and 585,071 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2022. It seeks over 5% share by the end of calendar 2025. CarMax is based in Richmond, Virginia.
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