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SND (Smartnd) Total Inventories : $27.8 Mil (As of Sep. 2024)


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What is Smartnd Total Inventories?

Smartnd's total inventories for the quarter that ended in Sep. 2024 was $27.8 Mil. Smartnd's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $26.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Smartnd's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-1.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smartnd's Days Inventory for the three months ended in Sep. 2024 was 42.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smartnd's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.14.

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. Smartnd's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.42.


Smartnd Total Inventories Historical Data

The historical data trend for Smartnd'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.

Smartnd Total Inventories Chart

Smartnd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.42 19.14 15.02 20.19 26.82

Smartnd 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 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 25.96 26.82 25.58 25.03 27.84

Smartnd 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.


Smartnd  (NAS:SND) 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.

Smartnd'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)
=(7.215+0.75 * 24.164+0.5 * 27.839-92.261
-0-0)/39.0166
=-1.36

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

Smartnd'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
=26.435/56.671*365 / 4
=42.56

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

Smartnd'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 )
=56.671 / 26.435
=2.14

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.

Smartnd'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 )
=26.435 / 63.158
=0.42

* 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.


Smartnd Total Inventories Related Terms

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Smartnd Business Description

Traded in Other Exchanges
Address
28420 Hardy Toll Road, Suite 130, Spring, TX, USA, 77373
Smart Sand Inc is a fully integrated frac sand supply and services company that offers complete mine-to-well site proppant supply and logistics solutions. It produces Northern White frac sand, which is a premium proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Its product portfolio includes Smart System, which includes SmartBelt, SmartDepot Silo and SmartPath Loader. The company caters its products and services to oil and natural gas exploration and production companies and oilfield service companies. The majority of its revenue comes from Sand Sales, followed by logistics.
Executives
Christopher M. Green officer: Vice President of Accounting C/O SMART SAND, INC., 28420 HARDY TOLL ROAD, SUITE 130, SPRING TX 77373
Andrew R Speaker other: SEE REMARKS 10 HIGHWAY 31, PO BOX 278, PENNINGTON NJ 08534
Clearlake Capital Group, L.p. director, 10 percent owner 233 WILSHIRE BOULEVARD, SUITE 800, SANTA MONICA CA 90401
William John Young officer: SEE REMARKS C/O SMART SAND, INC., 24 WATERWAY AVENUE, SUITE 350, THE WOODLANDS TX 77380
Lee E Beckelman officer: Chief Financial Officer 12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Clearlake Capital Management Ii, L.p. director, 10 percent owner 233 WILSHIRE BOULEVARD, SUITE 800, SANTA MONICA CA 90401
Richard J Shearer officer: President-Industrial Products C/O EMERGE ENERGY SERVICES LP, 1400 CIVIC PLACE, SUITE 250, SOUTHLAKE TX 76092
Susan E Neumann officer: SEE REMARKS C/O SMART SAND, INC., 24 WATERWAY AVENUE, SUITE 350, THE WOODLANDS TX 77380
James Douglas Young officer: SEE REMARKS 24 WATERWAY AVENUE, SUITE 350, THE WOODLANDS TX 77380
Frank Porcelli director 800 SCUDDERS MILL RD, PLAINSBORO NJ 08536
Charles Edwin Young director, 10 percent owner, officer: CEO C/O SMART SAND, INC., 24 WATERWAY AVENUE, SUITE 350, THE WOODLANDS TX 77380
Ccp Mm, Llc director, 10 percent owner 233 WILSHIRE BOULEVARD, SUITE 800, SANTA MONICA CA 90401
Timothy Pawlenty director C/O DIGITAL RIVER, INC., 10380 BREN ROAD WEST, MINNETONKA MN 55343-9072
Robert Kiszka officer: Execute VP of Operations C/O SMART SAND, INC., 24 WATERWAY AVENUE, SUITE 350, THE WOODLANDS TX 77380
Sharon Spurlin director 333 CLAY ST, SUITE 1600, HOUSTON TX 77002