McRae Industries (McRae Industries) Change In Inventory : $2.6 Mil (TTM As of Jul. 2023)

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What is McRae Industries Change In Inventory?

McRae Industries's change in inventory for the quarter that ended in Jul. 2023 was $2.6 Mil. It means McRae Industries's inventory declined by $2.6 Mil from Jul. 2022 to Jul. 2023 .

McRae Industries's change in inventory for the fiscal year that ended in Jul. 2023 was $2.6 Mil. It means McRae Industries's inventory declined by $2.6 Mil from Jul. 2022 to Jul. 2023 .

McRae Industries's Total Inventories for the quarter that ended in Jul. 2023 was $21.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. McRae Industries's Days Inventory for the quarter that ended in Jul. 2023 was 46.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. McRae Industries's Inventory Turnover for the quarter that ended in Jul. 2023 was 3.91.

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. McRae Industries's Inventory-to-Revenue for the quarter that ended in Jul. 2023 was 0.19.

McRae Industries Change In Inventory Historical Data

The historical data trend for McRae Industries's Change In Inventory 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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McRae Industries Change In Inventory Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Change In Inventory

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-1.89

2.09

3.93

-10.16

2.57

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Change In Inventory	Get a 7-Day Free Trial															-1.89	2.09	3.93	-10.16	2.57

McRae Industries Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Jul. 2023 was $2.6 Mil.

McRae Industries (OTCPK:MCRAA) Change In Inventory Explanation

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

McRae Industries's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	23.199	/	90.808	*	365 / 2
	=	46.62

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

McRae Industries's Inventory Turnover for the quarter that ended in Jul. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	90.808	/	23.199
	=	3.91

3. 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.

McRae Industries's Inventory to Revenue for the quarter that ended in Jul. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.199	/	124.702
	=	0.19

McRae Industries Change In Inventory Related Terms

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McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.