Republic Services (Republic Services) Total Inventories

: $97 Mil (As of Dec. 2023)

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Republic Services's total inventories for the quarter that ended in Dec. 2023 was $97 Mil. Republic Services's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $99 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Republic Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-61.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Republic Services's Days Inventory for the three months ended in Dec. 2023 was 3.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Republic Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.95.

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. Republic Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Republic Services Total Inventories Historical Data

The historical data trend for Republic 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.

Republic Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

56.80

59.10

72.20

96.60

97.30

Republic Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																96.60	97.90	96.10	100.00	97.30

Republic 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.

Republic Services (NYSE:RSG) 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.

Republic Services'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)
=	(140	+	0.75 * 1768.4	+	0.5 * 97.3	-	20866.6
-	0	-	1.2)	/	314.637
=	-61.51

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

Republic Services'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
	=	98.65	/	2264.2	*	365 / 4
	=	3.98

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

Republic Services'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 )
	=	2264.2	/	98.65
	=	22.95

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.

Republic Services'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 )
	=	98.65	/	3831.6
	=	0.03

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.

Republic Services Total Inventories Related Terms

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Republic Services (Republic Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Republic Services Inc (NYSE:RSG) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

RSGA:Mexico RPU:Germany RPU:Germany R1SG34:Brazil

Address

18500 North Allied Way, Phoenix, AZ, USA, 85054

Website

https://www.republicservices.com

Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 206 active landfills and 233 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.

Executives

Gregg Brummer	officer: EVP, COO	18500 N. ALLIED WAY, PHOENIX AZ 85054
Amanda Hodges	officer: EVP, Chief Marketing Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Brian M Delghiaccio	officer: EVP Chief Financial Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Margaret Reynolds	director	18500 N. ALLIED WAY, PHOENIX AZ 85054
Rodriguez Courtney	officer: EVP, Chief HR Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Tomago Collins	director	18500 NORTH ALLIED WAY, PHOENIX AZ 85054
Katharine Weymouth	director	1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Jennifer M Kirk	director	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Michael A Duffy	director	C/O 18500 N. ALLIED WAY, PHOENIX AZ 85054
Ark Jon Vander	officer: EVP-Chief Operating Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Timothy E Stuart	officer: COO	18500 N ALLIED WAY, PHOENIX AZ 85054
Brian A Goebel	officer: CAO	7025 E. GREENWAY PARKWAY, SUITE 100, SCOTTSDALE AZ 85254
Cascade Investment, L.l.c.	10 percent owner	2365 CARILLON POINT, KIRKLAND WA 98033
Graaf Sumona De	officer: EVP, Chief HR Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Katrina Liddell	officer: EVP, Chief Commercial Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054