Seaboard (AMEX:SEB) Total Inventories

: $1,670 Mil (As of Dec. 2022)

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Seaboard's total inventories for the quarter that ended in Dec. 2022 was $1,670 Mil. Seaboard's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Dec. 2022 was $1,743 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Seaboard's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-297.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Seaboard's Days Inventory for the three months ended in Dec. 2022 was 66.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Seaboard's Inventory Turnover for the quarter that ended in Dec. 2022 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. Seaboard's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.65.

Seaboard Total Inventories Historical Data

The historical data trend for Seaboard'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.

Seaboard Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

815.00

1,086.00

1,178.00

1,663.00

1,670.00

Seaboard Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Total Inventories																1,663.00	1,698.00	1,844.00	1,816.00	1,670.00

Seaboard 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.

Seaboard (AMEX:SEB) 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.

Seaboard's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

	Net-Net Working Capital Per Share (Q: Dec. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1285	+	0.75 * 588	+	0.5 * 1670	-	2888
-	0	-	18)	/	1.16078
=	-297.21

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

Seaboard's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	1743	/	2400	*	365 / 4
	=	66.27

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

Seaboard's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2022 )	/	Average Total Inventories (Q: Dec. 2022 )
	=	2400	/	1743
	=	1.38

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.

Seaboard's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	1743	/	2666
	=	0.65

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.

Seaboard Total Inventories Related Terms

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Seaboard (AMEX:SEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Seaboard Corp (AMEX:SEB) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

9000 West 67th Street, Merriam, KS, USA, 66202

Website

https://www.seaboardcorp.com

Seaboard Corp is a conglomerate of food production and transportation businesses. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. The group offers hog production and pork processing, biodiesel production, agriculture commodity trading, agriculture commodity processing and logistics, grain and feed milling, cargo shipping, sugarcane production, alcohol production, sugar refining, power production, turkey production and processing, and production of jalapeno peppers. The largest end markets by revenue are the Caribbean and Central and South America.

Executives

Frances B Shifman	director	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Vacas Jacques Emma Alejandra	officer: Assistant Treasurer	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
James T Hubler	officer: Assoc. Gen Counsel & Asst. Sec	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Benjamin R Hodes	officer: Vice President, Finance	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Elizabeth A Loudon	officer: Vice President, Tax	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
John B Warner	officer: Vice President-Human Resources	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Adriana N Hoskins	officer: Vice President and Treasurer	9000 WEST 67TH STREET, MERRIAM KS 66202
Peter B Brown	officer: Pres. & CEO, Seaboard Foods	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Jacob A. Bresky	officer: Vice Pres-Business Development	9000 WEST 67TH STREET, 3RD FLOOR, SHAWNEE MISSION KS 66202
Ellen S. Bresky	director, 10 percent owner	9000 WEST 67TH STREET, 3RD FLOOR, SHAWNEE MISSION KS 66202
Douglas W Baena	director
Darwin E Sand	officer: Pres. & CEO, Seaboard Foods	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Winfield Ivan J. Jr	officer: VP-Information Technology	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Paul M. Squires	director	SEABOARD FLOUR, 1320 CENTRE STREET, SUITE 200, NEWTON CENTER MA 02459
Michael D. Trollinger	officer: VP, Corporate Controller, CAO	9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202