MHGU (Meritage Hospitality Group) Total Inventories : $5.3 Mil (As of Dec. 2024)

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What is Meritage Hospitality Group Total Inventories?

Meritage Hospitality Group's total inventories for the quarter that ended in Dec. 2024 was $5.3 Mil. Meritage Hospitality Group's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $5.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Meritage Hospitality Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-98.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meritage Hospitality Group's Days Inventory for the three months ended in Dec. 2024 was 4.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meritage Hospitality Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 19.95.

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. Meritage Hospitality Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.03.

Meritage Hospitality Group Total Inventories Historical Data

The historical data trend for Meritage Hospitality Group'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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Meritage Hospitality Group Total Inventories Chart

Meritage Hospitality Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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3.62

4.41

4.75

5.19

5.30

Meritage Hospitality Group 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															5.19	4.61	4.81	4.82	5.30

Meritage Hospitality Group 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.

Meritage Hospitality Group (OTCPK:MHGU) 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.

Meritage Hospitality Group'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)
=	(20.849	+	0.75 * 4.111	+	0.5 * 5.304	-	681.351
-	0.015	-	1.141)	/	6.628
=	-98.96

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

Meritage Hospitality Group'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
	=	5.06	/	100.925	*	365 / 4
	=	4.57

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

Meritage Hospitality Group'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 )
	=	100.925	/	5.06
	=	19.95

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.

Meritage Hospitality Group'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 )
	=	5.06	/	168.744
	=	0.03

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.

Meritage Hospitality Group Total Inventories Related Terms

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Meritage Hospitality Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Meritage Hospitality Group Inc (OTCPK:MHGU) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

MHGUP.PFD:USA

Address

45 Ottawa Avenue SW, Suite 600, Grand Rapids, MI, USA, 49503

Website

https://www.meritagehospitality.com

Meritage Hospitality Group Inc is engaged in operating quick-service and casual dining restaurants across various states in the United States. It operates Wendy's quick-service restaurants under franchise agreements with its franchisor.

Executives

Duane F Kluting	director	3100 44TH STREET SW, GRANDVILLE MI 49418
Roger L Zingle	officer: Chief Operating Officer	6132 PICKWOOD DRIVE, WEST BLOOMFIELD MI 48322
Gary A Rose	officer: VP, CFO & Treasurer	223 EAST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Robert E. Schermer Revocable Living Trust U/a Dated 4/28/97	10 percent owner	C/O ROBERT W. BAIRD & CO. INC., 333 BRIDGE STREET, N.W., SUITE 1000, GRAND RAPIDS MI 49504
Gulis Stephen L Jr	director	9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
James R Saalfeld	officer: VP, Secretary and Treasurer	MERITAGE HOSPITALITY GROUP INC, 1971 EAST BELTLINE AVE, N.E., STE. 200, GRAND RAPIDS MI 49525
Robert H Potts	officer: Vice President of Real Estate	1971 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525
Schermer Robert E Jr	director, 10 percent owner, officer: Chief Executive Officer	1971 EAST BELTLINE AVE, N.E., SUITE 200, GRAND RAPIDS MI 49525
Robert E Riley	director, 10 percent owner, officer: President	40 PEARL STREET NW, SUITE 900, GRAND RAPIDS MI 49503
James P Bishop	director	4230 SOUTH WESTNEDGE, KALAMAZOO MI 49006
Schermer Robert E Sr	director, 10 percent owner, officer: Chairman of the Board	C/O ROBERT W BLAIR & CO. INC., 333 BRIDGE STREET, SUITE 1000, GRAND RAPIDS MI 49504
Joseph L Maggini	director	4242 CLAY STREET SW, GRAND RAPIDS MI 49548
Brian N Mcmahon	director	542 TONBRIDGE COURT, PERRYSBURG OH 43551