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REV Group (REV Group) Total Inventories : $650 Mil (As of Jan. 2024)


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What is REV Group Total Inventories?

REV Group's total inventories for the quarter that ended in Jan. 2024 was $650 Mil. REV Group's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $654 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. REV Group's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-5.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. REV Group's Days Inventory for the three months ended in Jan. 2024 was 114.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. REV Group's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.80.

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. REV Group's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.12.


REV Group Total Inventories Historical Data

The historical data trend for REV 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.

* Premium members only.

REV Group Total Inventories Chart

REV Group Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 513.40 537.20 481.70 629.50 657.70

REV Group Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 671.90 654.40 644.00 657.70 650.40

REV 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.


REV Group  (NYSE:REVG) 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.

REV Group's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

Net-Net Working Capital Per Share (Q: Jan. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(87.9+0.75 * 223.5+0.5 * 650.4-925
-0-0)/59.7757
=-5.76

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

REV Group's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jan. 2024 )/Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=654.05/523.1*365 / 4
=114.09

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

REV Group's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2024 ) / Average Total Inventories (Q: Jan. 2024 )
=523.1 / 654.05
=0.80

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.

REV Group's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=654.05 / 586
=1.12

* 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.


REV Group Total Inventories Related Terms

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REV Group (REV Group) Business Description

Traded in Other Exchanges
Address
245 South Executive Drive, Suite 100, Brookfield, WI, USA, 53005
REV Group Inc is a United States-based designer, manufacturer, and distributor of specialty vehicles and related aftermarket parts and services. It provides customized vehicle solutions for applications including essential needs, industrial and commercial, and consumer leisure. The operating segments of the company are Fire & Emergency, Commercial, and Recreation. The products of the company are sold to municipalities, government agencies, private contractors, consumers, and industrial and commercial end-users. It derives a majority of the revenue from the Fire and Emergency segment which includes manufacturing of fire apparatus and ambulance products. The company operates in the United States, Canada, and the rest of the world.
Executives
Stephen Zamansky officer: SVP, Gen Counsel & Sec
Maureen Oconnell director
Joseph Ladue officer: Chief Accounting Officer 245 SOUTH EXECUTIVE DR, SUITE 100, BROOKFIELD WI 53005
Paul J Bamatter director C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Joel M. Rotroff director C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Dino M Cusumano director C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Justin Fish director C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Skonieczny Jr. Mark A officer: Chief Financial Officer 833 E MICHIGAN STREET, SUITE 1100, MILWAUKEE WI 53202
Christopher M Daniels officer: Chief Human Resources Officer 111 E. KILBOURN AVE., SUITE 2600, MILWAUKEE WI 53202
Rodney M Rushing director, officer: CEO and President 5757 N GREEN BAY AVE, MILWAUKEE WI 53209
Stephen W. Boettinger officer: General Counsel C/O REV GROUP, INC., 111 E KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Randall Swift director 450 LEXINGTON AVE, 40TH FLOOR, NEW YORK NY 10017
Dean J Nolden officer: Chief Financial Officer C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Timothy W Sullivan director, officer: Chief Executive Officer C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
John Canan director C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202