Ingles Markets (FRA:IN3A) Total Inventories : €441 Mil (As of Mar. 2024)

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What is Ingles Markets Total Inventories?

Ingles Markets's total inventories for the quarter that ended in Mar. 2024 was €441 Mil. Ingles Markets's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €450 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ingles Markets's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-16.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ingles Markets's Days Inventory for the three months ended in Mar. 2024 was 42.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ingles Markets's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.14.

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. Ingles Markets's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.

Ingles Markets Total Inventories Historical Data

The historical data trend for Ingles Markets'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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Ingles Markets Total Inventories Chart

Ingles Markets Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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339.71

311.43

331.46

462.53

462.75

Ingles Markets Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															442.95	444.85	462.75	459.46	440.80

Ingles Markets 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.

Ingles Markets (FRA:IN3A) 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.

Ingles Markets's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(277.857	+	0.75 * 100.688	+	0.5 * 440.8	-	883.996
-	0	-	0)	/	18.9944
=	-16.33

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

Ingles Markets's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	450.13	/	961.948	*	365 / 4
	=	42.70

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

Ingles Markets's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	961.948	/	450.13
	=	2.14

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.

Ingles Markets's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	450.13	/	1258.082
	=	0.36

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.

Ingles Markets Total Inventories Related Terms

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Ingles Markets (FRA:IN3A) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (FRA:IN3A) » Definitions » Total Inventories

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IMKTA:USA

Address

2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711

Website

https://www.ingles-markets.com

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

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