Ceres Global Ag (TSX:CRP) Total Inventories : C$155 Mil (As of Dec. 2023)

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What is Ceres Global Ag Total Inventories?

Ceres Global Ag's total inventories for the quarter that ended in Dec. 2023 was C$155 Mil. Ceres Global Ag's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$192 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ceres Global Ag's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-3.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ceres Global Ag's Days Inventory for the three months ended in Dec. 2023 was 47.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ceres Global Ag's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.92.

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. Ceres Global Ag's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

Ceres Global Ag Total Inventories Historical Data

The historical data trend for Ceres Global Ag'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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Ceres Global Ag Total Inventories Chart

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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99.75

109.85

136.89

85.20

76.65

Ceres Global Ag 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															159.64	115.72	76.65	229.17	154.99

Ceres Global Ag 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.

Ceres Global Ag (TSX:CRP) 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.

Ceres Global Ag'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)
=	(6.327	+	0.75 * 37.594	+	0.5 * 154.986	-	221.752
-	0	-	0)	/	31.0941
=	-3.53

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

Ceres Global Ag'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
	=	192.076	/	368.056	*	365 / 4
	=	47.62

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

Ceres Global Ag'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 )
	=	368.056	/	192.076
	=	1.92

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.

Ceres Global Ag'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 )
	=	192.076	/	378.6
	=	0.51

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.

Ceres Global Ag Total Inventories Related Terms

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Ceres Global Ag (TSX:CRP) Business Description

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CERGF:USA

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.

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