Karo Leather (XPRA:KARIN) Total Inventories : Kč92.3 Mil (As of Dec. 2023)

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What is Karo Leather Total Inventories?

Karo Leather's total inventories for the quarter that ended in Dec. 2023 was Kč92.3 Mil. Karo Leather's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was Kč135.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Karo Leather's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was Kč-121.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Karo Leather's Days Inventory for the six months ended in Dec. 2023 was 95.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Karo Leather's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.91.

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. Karo Leather's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

Karo Leather Total Inventories Historical Data

The historical data trend for Karo Leather'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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Karo Leather Total Inventories Chart

Karo Leather Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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139.08

152.95

177.87

92.34

Karo Leather Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Total Inventories	Get a 7-Day Free Trial			-	139.08	152.95	177.87	92.34

Karo Leather 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.

Karo Leather (XPRA:KARIN) 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.

Karo Leather's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(14.324	+	0.75 * 85.599	+	0.5 * 92.335	-	489.606
-	0	-	0)	/	3.002
=	-121.56

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

Karo Leather's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	135.1045	/	257.771	*	365 / 2
	=	95.65

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

Karo Leather's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	257.771	/	135.1045
	=	1.91

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.

Karo Leather's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	135.1045	/	316.691
	=	0.43

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.

Karo Leather Total Inventories Related Terms

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Karo Leather Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karo Leather (XPRA:KARIN) » Definitions » Total Inventories

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Address

Rohanske nabrezi 642/35, Prague, CZE, 186 00

Website

https://www.karo-leather.com

Karo Leather is engaged in machine processing and trading of leather for the furniture industry and selling of cowhides. Its products include sells buffalo, cowhide products; and upholstery leather. It markets products in European Union countries, especially Poland.

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