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Red Trail Energy LLC (Red Trail Energy LLC) Total Inventories : $16.4 Mil (As of Dec. 2023)


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What is Red Trail Energy LLC Total Inventories?

Red Trail Energy LLC's total inventories for the quarter that ended in Dec. 2023 was $16.4 Mil. Red Trail Energy LLC's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $12.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Red Trail Energy LLC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Trail Energy LLC's Days Inventory for the three months ended in Dec. 2023 was 28.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Red Trail Energy LLC's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.17.

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. Red Trail Energy LLC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.


Red Trail Energy LLC Total Inventories Historical Data

The historical data trend for Red Trail Energy LLC'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.

Red Trail Energy LLC Total Inventories Chart

Red Trail Energy LLC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.96 10.14 11.55 12.54 9.10

Red Trail Energy LLC 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 15.54 14.56 15.03 9.10 16.40

Red Trail Energy LLC 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.


Red Trail Energy LLC  (OTCPK:REGX) 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.

Red Trail Energy LLC'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)
=(16.563+0.75 * 5+0.5 * 16.396-48.096
-0-0)/40.1482
=-0.49

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

Red Trail Energy LLC'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
=12.748/40.353*365 / 4
=28.83

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

Red Trail Energy LLC'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 )
=40.353 / 12.748
=3.17

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.

Red Trail Energy LLC'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 )
=12.748 / 43.456
=0.29

* 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.


Red Trail Energy LLC Total Inventories Related Terms

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Red Trail Energy LLC (Red Trail Energy LLC) Business Description

Traded in Other Exchanges
N/A
Address
3682 Highway 8 South, P.O. Box 11, Richardton, ND, USA, 58652
Red Trail Energy LLC is USA based firm engaged in constructing, owning, and operating a fuel-grade ethanol plant near Richardton, North Dakota in western North Dakota. The company's product offering includes ethanol, distillers' grains, and corn oil.
Executives
Jodi Marie Johnson officer: Chief Financial Officer PO BOX 513, MEDORA ND 58645
Anthony Lee Mock director 5665 22ND AVE SE, KINTYRE ND 58549
Kent Wayne Anderson officer: Chief Financial Officer 1767 PRAIRIE AVENUE, DICKINSON ND 58601
Calvin Diehl officer: Chief Executive Officer 3682 HIGHWAY 8 SOUTH, P O BOX 11, RICHARDTON ND 58652
Gerald Bachmeier officer: Interim Chief Executive Office 20897 467TH AVE, MORRIS MN 56267
Sidney A Mauch director 712 WYNDEMERE DRIVE, WEST FARGO ND 58078
Mike Appert director 755 HIGHWAY 34, HAZELTON ND 58544
William Price director 2273 RIVER ROAD, PRICE ND 58530
Jody Hoff director 8601 HIGHWAY 10 EAST, RICHARDTON ND 58652
Mark Klempel officer: Chief Financial Officer 3682 HIGHWAY 8 SOUTH, RICHARDTON ND 58652
Mick J Miller officer: President 3682 HIGHWAY 8 SOUTH, RICHARDTON ND 58652
Roger N Berglund director 104 9TH AVENUE NW, BOWMAN ND 58623
Frank Kirschenheiter director 322 12TH AVENUE WEST, RICHARDTON ND 58652
Tim Meuchel director 510 MAIN AVENUE, HEBRON ND 58638
Bonnie G Eckelberg officer: Chief Financial Officer 3682 HIGHWAY 8 SOUTH, RICHARDTON ND 58652

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