SENEA (Seneca Foods) Total Inventories : $945 Mil (As of Sep. 2024)

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What is Seneca Foods Total Inventories?

Seneca Foods's total inventories for the quarter that ended in Sep. 2024 was $945 Mil. Seneca Foods's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $893 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Seneca Foods's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-46.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Seneca Foods's Days Inventory for the three months ended in Sep. 2024 was 213.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Seneca Foods's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.43.

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. Seneca Foods's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.10.

Seneca Foods Total Inventories Historical Data

The historical data trend for Seneca Foods'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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Seneca Foods Total Inventories Chart

Seneca Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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411.63

343.14

404.00

670.90

872.69

Seneca Foods Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															1,013.45	968.89	872.69	841.85	944.89

Seneca Foods 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.

Seneca Foods (NAS:SENEA) 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.

Seneca Foods's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(9.545	+	0.75 * 108.533	+	0.5 * 944.887	-	884.485
-	0.351	-	0)	/	6.89127
=	-46.65

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

Seneca Foods's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	893.367	/	382.594	*	365 / 4
	=	213.07

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

Seneca Foods's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	382.594	/	893.367
	=	0.43

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.

Seneca Foods's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	893.367	/	425.465
	=	2.10

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.

Seneca Foods Total Inventories Related Terms

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Seneca Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seneca Foods Corp (NAS:SENEA) » Definitions » Total Inventories

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SENEB:USA

Address

3736 South Main Street, Marion, NY, USA, 14505

Website

https://www.senecafoods.com

Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen, and bottled produce and snack chips. The company's segment includes Vegetable and Fruit/Snack. It generates maximum revenue from the Vegetable segment.

Executives

Michael S Wolcott	officer: SVP Finance, CFO	350 WILLOWBROOK OFFICE PARK, FAIRPORT NY 14450
Pete Call	director	3736 SOUTH MAIN STREET, MARION NY 14505
Bruce Ware	director	3605 PATIENCE BLVD, DALLAS TX 75236
Arthur S Wolcott	director, 10 percent owner, officer: Chairman	1690 HARBORSOUND DRIVE, LONG BOAT KEY FL 34228
Linda K Nelson	director	C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Gregory R Ide	officer: VP, Controller/Assit.Secretary	C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Donald J Stuart	director	C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Michael F Nozzolio	director	C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Timothy John Benjamin	officer: SVP, CFO and Treasurer	3736 SOUTH MAIN STREET, MARION NY 14505
Keith Alan Woodward	director	3736 S. MAIN STREET, MARION NY 14505
Kathryn Jean Boor	director	3736 S. MAIN STREET, MARION NY 14505
Timothy Robert Nelson	officer: Senior Vice President of Oper.	3736 S. MAIN STREET, MARION NY 14505
Matthew John Henschler	officer: Senior VP Technical Services	3736 SOUTH MAIN STREET, MARION NY 14505
Thomas Paulson	director	5540 PIONEER CREEK DR, MAPLE PLAIN MN 55359-9003
Sarah S Mortensen	officer: Assistant Secretary