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Fresh Del Monte Produce's total inventories for the quarter that ended in Dec. 2024 was $595 Mil. Fresh Del Monte Produce's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $592 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fresh Del Monte Produce's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-10.02.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fresh Del Monte Produce's Days Inventory for the three months ended in Dec. 2024 was 57.19.
Inventory Turnover measures how fast the company turns over its inventory within a year. Fresh Del Monte Produce's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.60.
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. Fresh Del Monte Produce's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.58.
The historical data trend for Fresh Del Monte Produce'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.
Fresh Del Monte Produce Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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507.70 | 602.80 | 669.00 | 599.90 | 595.30 |
Fresh Del Monte Produce Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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599.90 | 575.10 | 537.40 | 588.70 | 595.30 |
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.
Fresh Del Monte Produce (NYSE:FDP) 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.
Fresh Del Monte Produce's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (32.6 | + | 0.75 * 393.2 | + | 0.5 * 595.3 | - | 1089.4 |
- | 0 | - | 16.3) | / | 47.940 | ||
= | -10.02 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fresh Del Monte Produce's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 592 | / | 944.5 | * | 365 / 4 | |
= | 57.19 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Fresh Del Monte Produce's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 944.5 | / | 592 | |
= | 1.60 |
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.
Fresh Del Monte Produce's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 592 | / | 1013.2 | |
= | 0.58 |
* 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.
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.
Thank you for viewing the detailed overview of Fresh Del Monte Produce's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael J Berthelot | director | P O BOX 7277, RANCHO SANTA FE CA 92067 |
Effie D Silva | officer: SVP, General Counsel & Secy | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Monica Vicente | officer: SVP, Chief Financial Officer | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Mohammed Abbas | officer: V.P. Middle East and N. Africa | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33134 |
Ziad Nabulsi | officer: SVP, North American Operations | C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114 |
Mary Ann Cloyd | director | 184 LIBERTY CORNER ROAD, SUITE 302, WARREN NJ 07059 |
Reyes Jorge Pelaez | officer: VP, Central America | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114 |
Marissa R Tenazas | officer: SVP Corporate Human Resources | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Jesus Rodriguez Calvo | officer: SVP, NA Sales & Marketing | C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114 |
Tarek Ahmad Betti | officer: Chief Human Resources Officer | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Ghazaleh Amir Abu | director, 10 percent owner | 241 SEVILLA AVE, 12TH FL, CORAL GABLES FL 33134 |
Sergio Mancilla | officer: VP South America | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Hans Sauter | officer: SVP, R&D and Agriculture | C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33114 |
Helmuth Lutty | officer: SVP, Shipping Operations | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114 |
Gianpaolo Renino | officer: V.P. Europe and Africa | C/O FRESH DEL MONTE, INC., PO BOX 149222, CORAL GABLES FL 33134 |
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