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Russel Metals (TSX:RUS) Total Inventories : C$924 Mil (As of Sep. 2024)


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What is Russel Metals Total Inventories?

Russel Metals's total inventories for the quarter that ended in Sep. 2024 was C$924 Mil. Russel Metals's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was C$893 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Russel Metals's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$4.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Russel Metals's Days Inventory for the three months ended in Sep. 2024 was 93.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Russel Metals's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.98.

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. Russel Metals's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.82.


Russel Metals Total Inventories Historical Data

The historical data trend for Russel Metals'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.

Russel Metals Total Inventories Chart

Russel Metals 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 883.60 716.40 986.00 956.50 840.30

Russel Metals 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 883.20 840.30 842.80 861.50 924.20

Russel Metals 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.


Russel Metals  (TSX:RUS) 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.

Russel Metals'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)
=(222.3+0.75 * 566.4+0.5 * 924.2-879.5
-0-0)/57.4512
=4.00

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

Russel Metals'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
=892.85/874.5*365 / 4
=93.16

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

Russel Metals'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 )
=874.5 / 892.85
=0.98

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.

Russel Metals'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 )
=892.85 / 1089.4
=0.82

* 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.


Russel Metals Total Inventories Related Terms

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Russel Metals Business Description

Traded in Other Exchanges
Address
6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; Energy Field Stores; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The Energy Field Stores segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.
Executives
Stewart Burton Director
William Michael O'reilly Director
Daniel Bailey Senior Officer
Cynthia Johnston Director
Martin Leb Juravsky Senior Officer
Sherri Lynn Mckelvey Senior Officer
Lesley Margaret Seppings Coleman Senior Officer
Brian Robie Hedges Director
John Gregory Reid Senior Officer
Gregg Edward Bryant Senior Officer
Maureen Ann Kelly Senior Officer
Roger Paiva Director
Alice D. Laberge Director
James Francis Dinning Director
Annie Thabet Director

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