RiceBran Technologies (RiceBran Technologies) Total Inventories

: $0.54 Mil (As of Dec. 2023)

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RiceBran Technologies's total inventories for the quarter that ended in Dec. 2023 was $0.54 Mil. RiceBran Technologies's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.53 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. RiceBran Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RiceBran Technologies's Days Inventory for the three months ended in Dec. 2023 was 8.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. RiceBran Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.55.

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. RiceBran Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

RiceBran Technologies Total Inventories Historical Data

The historical data trend for RiceBran Technologies'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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RiceBran Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.90

1.88

2.44

0.47

0.54

RiceBran Technologies 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															0.47	2.56	0.47	0.51	0.54

RiceBran Technologies 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.

RiceBran Technologies (OTCPK:RIBT) 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.

RiceBran Technologies'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)
=	(1.139	+	0.75 * 2.824	+	0.5 * 0.543	-	12.322
-	0.075	-	0)	/	9.51334
=	-0.93

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

RiceBran Technologies'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
	=	0.5285	/	5.576	*	365 / 4
	=	8.65

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

RiceBran Technologies'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 )
	=	5.576	/	0.5285
	=	10.55

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.

RiceBran Technologies'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 )
	=	0.5285	/	5.679
	=	0.09

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.

RiceBran Technologies Total Inventories Related Terms

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RiceBran Technologies (RiceBran Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » RiceBran Technologies (OTCPK:RIBT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

25420 Kuykendahl Road, Suite B300, Tomball, TX, USA, 77375

Website

https://www.ricebrantech.com

RiceBran Technologies is a specialty ingredient company focused on the development, production, and marketing of products derived from traditional and ancient small grains. The company has proprietary and patented intellectual property that allows to convert rice bran, into a number of highly nutritious food, animal nutrition, and specialty ingredient products. Its existing and target customers are food and animal nutrition manufacturers, wholesalers and retailers, both domestically and internationally.

Executives

Eric Tompkins	director, officer: Executive Chairman	25420 KUYKENDAHL ROAD, SUITE B300, TOMBALL TX 77375
William J Keneally	officer: Interim CFO	28601 CHAGRIN BLVD., CLEVELAND OH 44122
Continental Grain Co	10 percent owner	767 FIFTH AVENUE, NEW YORK NY 10153
Jean Heggie	director	25 ALGONQUIN WOOD PLACE, SAINT LOUIS MO 63122
William Black	director	3828 BOUQUET RD, WILDWOOD MO 63069
David I. Chemerow	director	PLAYBOY ENT., INC. - H. SHAPIRO, 680 N LAKE SHORE DRIVE, CHICAGO IL 60611
Todd T Mitchell	officer: Executive Vice President	299 S. MAIN STREET, STE.2370, SALT LAKE CITY UT 84111
Brent David Rosenthal	director	C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Ari David Gendason	director	1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380
Peter Bradley	director	777 E. WISCONSIN AVE., MILWAUKEE WI 53202
David Goldman	director	1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380
Beth L Bronner	director	2928 RAMCO STREET, SUITE 120, C/O RICEBRAN TECHNOLOGIES, WEST SACRAMENTO CA 95691
Brent Robert Rystrom	officer: CFO and EVP	1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380
Baruch Halpern	director	C/O ION NETWORKS INC, 120 CORPORATE BLVD, S PLAINFIELD NJ 07080
Henk Hoogenkamp	director	1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380