THBD (Third Bench) Total Inventories: $1.12 Mil (As of May. 2024)


What is Third Bench Total Inventories?

Third Bench THBD Total Inventories is $1.12 Mil as of May. 2024.

Third Bench's total inventories for the quarter that ended in May. 2024 was $1.12 Mil. Third Bench's average total inventories from the quarter that ended in May. 2023 to the quarter that ended in May. 2024 was $1.32 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Third Bench's Net-Net Working Capital per share for the quarter that ended in May. 2024 was $-0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Third Bench's Days Inventory for the three months ended in May. 2024 was 63.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Third Bench's Inventory Turnover for the quarter that ended in May. 2024 was 1.43.

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. Third Bench's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.40.

Third Bench  (OTCPK:THBD) 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.

Third Bench's Net-Net Working Capital Per Share for the quarter that ended in May. 2024 is

Net-Net Working Capital Per Share (Q: May. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.396+0.75 * 1.924+0.5 * 1.122-17.845
-0-0)/244.189
=-0.06

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

Third Bench's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: May. 2024 )/Cost of Goods Sold (Q: May. 2024 )*Days in Period
=1.3205/1.89*365 / 4
=63.75

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

Third Bench's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: May. 2024 ) / Average Total Inventories (Q: May. 2024 )
=1.89 / 1.3205
=1.43

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.

Third Bench's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2024 ) / Revenue (Q: May. 2024 )
=1.3205 / 3.334
=0.40

* 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.

Third Bench Total Inventories Related Terms

Third Bench Total Inventories Historical Data

* Premium members only.

The historical data trend for Third Bench'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.

Third Bench Total Inventories Chart

Third Bench Annual Data
Trend Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15
Total Inventories
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

Third Bench Quarterly Data
Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Aug14 Aug15 May22 May23 May24
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 0.00 0.00 0.00 1.52 1.12

Third Bench 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $1.12 Mil mean?
Third Bench (THBD) has a Total Inventories of $1.12 Mil as of May. 2024. The total amount of inventory as recorded on a company's balance sheet. View historical data for Third Bench and its competitors.
Is Third Bench's Total Inventories too high?
Third Bench's current Total Inventories is $1.12 Mil.
How does Third Bench's Total Inventories compare to SGI and SN?
Third Bench's Total Inventories of $1.12 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Total Inventories depends on the Furnishings, Fixtures & Appliances 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 Third Bench and its competitors. Third Bench's current Total Inventories is $1.12 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Third Bench stock overvalued right now?
Third Bench (THBD) has a current Total Inventories of $1.12 Mil. The current Total Inventories is $1.12 Mil. 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 Third Bench (THBD), the current Total Inventories is $1.12 Mil as of May. 2024. 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.

Third Bench Business Description

Address 710 North Post Oak, Suite 206, Houston, TX, USA, 77024
Third Bench Inc is a holding company. The company, along with its subsidiaries, offers products in categories: Residential Cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. It also provides installation services as a part of its vertical offering. Additionally, the company provides its products and services through its architectural millwork and retail facilities, located in Albuquerque and Las Cruces, New Mexico and Tucson, Arizona.