Tribune Publishing Co (Tribune Publishing Co) Total Inventories : $5.3 Mil (As of Mar. 2021)

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What is Tribune Publishing Co Total Inventories?

Tribune Publishing Co's total inventories for the quarter that ended in Mar. 2021 was $5.3 Mil. Tribune Publishing Co's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Mar. 2021 was $4.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tribune Publishing Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tribune Publishing Co's Days Inventory for the three months ended in Mar. 2021 was 6.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tribune Publishing Co's Inventory Turnover for the quarter that ended in Mar. 2021 was 14.88.

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. Tribune Publishing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.03.

Tribune Publishing Co Total Inventories Historical Data

The historical data trend for Tribune Publishing Co'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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Tribune Publishing Co Total Inventories Chart

Tribune Publishing Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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10.95

7.41

9.59

4.82

4.06

Tribune Publishing Co Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Total Inventories	Get a 7-Day Free Trial															4.80	3.72	3.06	4.06	5.33

Tribune Publishing Co 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.

Tribune Publishing Co (NAS:TPCO) 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.

Tribune Publishing Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 is

	Net-Net Working Capital Per Share (Q: Mar. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(222.409	+	0.75 * 59.548	+	0.5 * 5.331	-	238.67
-	0	-	0)	/	36.833
=	0.84

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

Tribune Publishing Co's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	4.693	/	69.824	*	365 / 4
	=	6.13

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

Tribune Publishing Co's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2021 )	/	Average Total Inventories (Q: Mar. 2021 )
	=	69.824	/	4.693
	=	14.88

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.

Tribune Publishing Co's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	4.693	/	173.554
	=	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.

Tribune Publishing Co Total Inventories Related Terms

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Tribune Publishing Co (Tribune Publishing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tribune Publishing Co (NAS:TPCO) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 North Stetson Avenue, Chicago, IL, USA, 60601

Website

http://www.tribpub.com

Tribune Publishing Co is a print and online media company that publishes various newspapers and websites. It creates and distribute content across its media portfolio, offering integrated marketing, media, and business services to consumers and advertisers, including digital solutions and advertising opportunities. The company manages its business as two distinct segments, M and X. Segment M is comprised of the company's media groups excluding their digital revenues and related digital expenses, except digital subscription revenues when bundled with a print subscription. Segment X includes the company's digital revenues and related digital expenses from local Tribune websites, third party websites, mobile applications, digital only subscriptions, Tribune Content Agency and BestReviews.

Executives

Michael Norman Lavey	officer: Interim CFO	C/O TRONC, INC., 2501 S. STATE HWY 121 BUS, BLDG 800B, LEWISVILLE TX 75067
Randall D Smith	director	885 THIRD AVENUE, NEW YORK NY 10022
Christopher Minnetian	director	C/O RIPPLEWOOD HOLDINGS L.L.C., ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Philip G Franklin	director	C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Richard A Reck	director	128 HILLCREST AVENUE HINSDALE IL 60521-4736
Carol Crenshaw	director	C/O TRONC, INC. 435 NORTH MICHIGAN AVENUE CHICAGO IL 60611
Dana Goldsmith Needleman	director	777 SOUTH FLAGLER DRIVE,, SUITE 800W, WEST PALM BEACH FL 33401
Julie K. Xanders	officer: EVP and General Counsel	C/O TRONC, INC. 202 W. FIRST STREET LOS ANGELES CA 90012
Terry Jimenez	officer: Chief Executive Officer	TRONC, INC., 435 NORTH MICHIGAN AVENUE, CHICAGO IL 60611
Timothy P Knight	officer: CEO & President	435 N MICHIGAN AVE CHICAGO IL 60611
Alden Global Capital Llc	10 percent owner	777 SOUTH FLAGLER DRIVE, SUITE 800W, WEST PALM BEACH FL 33401
Heath Freeman	10 percent owner	885 THIRD AVENUE, 34TH FLOOR, NEW YORK NY 10022
Merrick Media, Llc	10 percent owner	400 CLEMATIS STREET SUITE 208 WEST PALM BEACH FL 33401
Merrick Venture Management, Llc	10 percent owner	400 CLEMATIS ST SUITE 208 WEST PALM BEACH FL 33401
Ferro Michael W Jr	10 percent owner	400 CLEMATIS STREET SUITE 208 WEST PALM BEACH FL 33401