Portillos (Portillos) Total Inventories : $8.5 Mil (As of Mar. 2024)

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What is Portillos Total Inventories?

Portillos's total inventories for the quarter that ended in Mar. 2024 was $8.5 Mil. Portillos's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $8.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Portillos's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-16.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Portillos's Days Inventory for the three months ended in Mar. 2024 was 7.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Portillos's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.63.

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. Portillos's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Portillos Total Inventories Historical Data

The historical data trend for Portillos'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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Portillos Total Inventories Chart

Portillos Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

3.90

5.08

6.08

7.39

8.73

Portillos Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial												5.26	6.49	6.42	8.73	8.51

Portillos 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.

Portillos (NAS:PTLO) 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.

Portillos'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)
=	(13.184	+	0.75 * 14.447	+	0.5 * 8.51	-	964.545
-	0	-	91.806)	/	61.5616
=	-16.70

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

Portillos'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
	=	8.6215	/	100.263	*	365 / 4
	=	7.85

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

Portillos'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 )
	=	100.263	/	8.6215
	=	11.63

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.

Portillos'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 )
	=	8.6215	/	165.831
	=	0.05

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.

Portillos Total Inventories Related Terms

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Portillos (Portillos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Portillos Inc (NAS:PTLO) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 Spring Road, Suite 400, Oak Brook, IL, USA, 60523

Website

https://www.portillos.com

Portillos Inc serves the Chicago street food industry through high-energy and multichannel restaurants. It owns and operates fast-casual restaurants in the United States, along with two food production commissaries in Illinois. Its menu includes hot dogs, beef and sausage sandwiches, sandwiches and ribs, salads, burgers, chicken, Barnelli's pasta, sides and soup, and desserts and shakes.

Executives

Derrick Lee Pratt	officer: Chief Operating Officer	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michael Osanloo	director, officer: President & CEO	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523
Kelly M Kaiser	officer: General Counsel and Secretary	2001 SPRING RD, STE 400, OAK BROOK IL 60523-1903
Cook George Richard Iii	officer: Senior VP, Technology	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Jill Francine Waite	officer: Chief Human Resources Officer	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Nicholas Anthony Scarpino	officer: See Remarks	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michael K Ellis	officer: Chief Development Officer	C/O EINSTEIN NOAH RESTAURANT GROUP, INC., 555 ZANG STREET, SUITE 300, LAKEWOOD CO 80228
Paulette R. Dodson	director	PETSMART, INC, 19601 N 27TH AVE, PHOENIX AZ 85027
Berkshire Fund Viii-a, L.p.	director, 10 percent owner	C/O EIGHTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116
Eighth Berkshire Associates Llc	director, 10 percent owner	200 CLARENDON STREET, BOSTON MA 02116-5009
Joshua Adam Lutzker	director	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michelle Greig Hook	officer: CFO & Treasurer	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Sherri Lynn Abruscato	officer: See Remarks	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Susan Beth Shelton	officer: General Counsel and Secretary	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Berkshire Fund Viii, L.p.	director, 10 percent owner	C/O EIGHTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116