MasterBrand (MasterBrand) Total Inventories : $250 Mil (As of Dec. 2023)

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What is MasterBrand Total Inventories?

MasterBrand's total inventories for the quarter that ended in Dec. 2023 was $250 Mil. MasterBrand's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $260 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MasterBrand's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MasterBrand's Days Inventory for the three months ended in Dec. 2023 was 52.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. MasterBrand's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.75.

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. MasterBrand's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

MasterBrand Total Inventories Historical Data

The historical data trend for MasterBrand'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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MasterBrand Total Inventories Chart

MasterBrand Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

245.90

304.30

373.10

249.80

MasterBrand Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial							373.10	349.60	319.60	269.40	249.80

MasterBrand 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.

MasterBrand (NYSE:MBC) 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.

MasterBrand'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)
=	(148.7	+	0.75 * 203	+	0.5 * 249.8	-	1187.9
-	0	-	0)	/	126.8
=	-6.01

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

MasterBrand'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
	=	259.6	/	454	*	365 / 4
	=	52.18

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

MasterBrand'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 )
	=	454	/	259.6
	=	1.75

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.

MasterBrand'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 )
	=	259.6	/	677.1
	=	0.38

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.

MasterBrand Total Inventories Related Terms

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MasterBrand (MasterBrand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » MasterBrand Inc (NYSE:MBC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

D55:Germany

Address

One MasterBrand Cabinets Drive, Jasper, IN, USA, 47546

Website

https://www.masterbrandcabinets.com

MasterBrand Inc operates as a residential cabinet manufacturer in North America. It offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom, and other parts of the home. The firm sells its products throughout the United States and Canada through three primary channels: dealers, retailers, and builders.

Executives

Kurt Wanninger	officer: EVP & Chief Operations Officer	C/O NORCRAFT COMPANIES, INC., 3020 DENMARK AVENUE, SUITE 100, EAGAN MN 55121
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
David D Petratis	director	1415 ROSELLE ROAD, PALATINE IL 60067
Ann F Hackett	director
Juliana L Chugg	director	1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Mark A. Young	officer: VP, Chief Accounting Officer	701 LIMA AVENUE, FINDLAY OH 45840
Andrean Horton	officer: EVP, CLO & Secretary	3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Jeffery S. Perry	director	520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Bruce Alan Kendrick	officer: EVP & Chief HR Officer	520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Van Doren Martin Scott	officer: EVP, Sales	520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Andrea Helen Simon	officer: EVP & CFO	520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Navneet Grewal	officer: EVP, Chief Digital & Tech Off.	520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Robert Crisci	director	C/O ROPER TECHNOLOGIES, INC., 6901 PROFESSIONAL PARKWAY, SARASOTA FL 34240
Patrick D Hallinan	director	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015