Stella-Jones (TSX:SJ) Total Inventories : C$1,580 Mil (As of Dec. 2023)

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What is Stella-Jones Total Inventories?

Stella-Jones's total inventories for the quarter that ended in Dec. 2023 was C$1,580 Mil. Stella-Jones's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$1,497 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Stella-Jones's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-18.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stella-Jones's Days Inventory for the three months ended in Dec. 2023 was 247.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stella-Jones's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

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. Stella-Jones's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.18.

Stella-Jones Total Inventories Historical Data

The historical data trend for Stella-Jones'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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Stella-Jones Total Inventories Chart

Stella-Jones Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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971.00

1,075.00

1,106.00

1,238.00

1,580.00

Stella-Jones 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															1,238.00	1,376.00	1,335.00	1,413.00	1,580.00

Stella-Jones 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.

Stella-Jones (TSX:SJ) 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.

Stella-Jones'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)
=	(0	+	0.75 * 270	+	0.5 * 1580	-	2056
-	0	-	0)	/	56.8667
=	-18.70

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

Stella-Jones'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
	=	1496.5	/	551	*	365 / 4
	=	247.83

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

Stella-Jones'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 )
	=	551	/	1496.5
	=	0.37

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.

Stella-Jones'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 )
	=	1496.5	/	688
	=	2.18

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.

Stella-Jones Total Inventories Related Terms

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Stella-Jones (TSX:SJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Stella-Jones Inc (TSX:SJ) » Definitions » Total Inventories

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STLJF:USA 97S:Germany

Address

3100 de la Cote-Vertu Boulevard, Suite 300, Saint-Laurent, QC, CAN, H4R 2J8

Website

https://www.stella-jones.com

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment. Its geographical segments are the United States and Canada, of which the majority of its revenue is derived from the United States.