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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 (OTCPK:MCRAB) 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
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
* 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.
McRae Industries Total Inventories Related Terms
McRae Industries Total Inventories Historical Data
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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.
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 (MCRAB) has a Total Inventories of $21.9 Mil as of Jul. 2023. The total amount of inventory as recorded on a company's balance sheet. View historical data for McRae Industries and its competitors.
Is McRae Industries' Total Inventories too high?
McRae Industries' current Total Inventories is $21.9 Mil. Overall, McRae Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does McRae Industries' Total Inventories compare to RCKY and DBI?
McRae Industries' Total Inventories of $21.9 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Manufacturing - Apparel & Accessories company?
A good Total Inventories depends on the Manufacturing - Apparel & Accessories industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for McRae Industries and its competitors. McRae Industries's current Total Inventories is $21.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McRae Industries stock overvalued right now?
McRae Industries (MCRAB) has a current Total Inventories of $21.9 Mil. The current Total Inventories is $21.9 Mil. McRae Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For McRae Industries (MCRAB), the current Total Inventories is $21.9 Mil as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses. It has a wholly owned subsidiary that designs, markets, and distributes men's, women's, and children's footwear under the following brands: Dan Post, Laredo Western Boots, Dingo, and McRae Footwear.
12GF Score
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