McRae Industries (McRae Industries) Total Inventories : $21.9 Mil (As of Jul. 2023)

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What is McRae Industries Total Inventories?

McRae Industries's total inventories for the quarter that ended in Jul. 2023 was $21.9 Mil. McRae Industries's average total inventories from the quarter that ended in Jul. 2022 to the quarter that ended in Jul. 2023 was $23.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. McRae Industries's Net-Net Working Capital per share for the quarter that ended in Jul. 2023 was $25.29.

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 six months 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 Total Inventories Historical Data

The historical data trend for McRae Industries'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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McRae Industries Total Inventories Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Total Inventories

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14.81

12.72

24.48

21.91

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
Total Inventories	Get a 7-Day Free Trial															14.81	12.72	-	24.48	21.91

McRae Industries 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.

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2023 is

	Net-Net Working Capital Per Share (Q: Jul. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(39.835	+	0.75 * 19.88	+	0.5 * 21.914	-	8.552
-	0	-	0)	/	2.260
=	25.29

2. 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 six months ended in Jul. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2023 )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
	=	23.199	/	90.808	*	365 / 2
	=	46.62

3. 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 (Q: Jul. 2023 )	/	Average Total Inventories (Q: Jul. 2023 )
	=	90.808	/	23.199
	=	3.91

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2023 )	/	Revenue (Q: Jul. 2023 )
	=	23.199	/	124.702
	=	0.19

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.

McRae Industries Total Inventories 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 » Total Inventories

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.