Goodfellow (TSX:GDL) Total Inventories : C$122.8 Mil (As of Feb. 2024)

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What is Goodfellow Total Inventories?

Goodfellow's total inventories for the quarter that ended in Feb. 2024 was C$122.8 Mil. Goodfellow's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was C$110.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Goodfellow's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was C$4.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goodfellow's Days Inventory for the three months ended in Feb. 2024 was 122.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goodfellow's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.75.

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. Goodfellow's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.05.

Goodfellow Total Inventories Historical Data

The historical data trend for Goodfellow'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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Goodfellow Total Inventories Chart

Goodfellow Annual Data

Trend

Aug13

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Inventories

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87.34

84.74

109.79

112.29

98.47

Goodfellow Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															130.42	122.27	113.35	98.47	122.80

Goodfellow 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.

Goodfellow (TSX:GDL) 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.

Goodfellow's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.397	+	0.75 * 69.531	+	0.5 * 122.802	-	79.74
-	0	-	0)	/	8.51295
=	4.49

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

Goodfellow's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	110.6375	/	82.546	*	365 / 4
	=	122.30

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

Goodfellow's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	82.546	/	110.6375
	=	0.75

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.

Goodfellow's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	110.6375	/	105.334
	=	1.05

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.

Goodfellow Total Inventories Related Terms

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Goodfellow (TSX:GDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Goodfellow Inc (TSX:GDL) » Definitions » Total Inventories

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Address

225 Goodfellow Street, Delson, QC, CAN, J5B 1V5

Website

https://www.goodfellowinc.com

Goodfellow Inc is engaged in various business activities related to remanufacturing and distribution of lumber and wood products. The Company manages its operations under one operating segment i.e. sale of Lumber, Specialty and commodity panels, Flooring and Building materials. Majority of company's revenue is generated from sale of Lumber. The company operates in Canada and The United States; majority revenue is generated from Canada.