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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.
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.
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 | 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 | 15.54 | 14.56 | 15.03 | 9.10 | 16.40 |
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.
Thank you for viewing the detailed overview of Red Trail Energy LLC's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
From GuruFocus
By Rupert Hargreaves Rupert Hargreaves • 01-30-2018
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