Sanderson Farms (Sanderson Farms) Total Inventories : $434 Mil (As of Apr. 2022)

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What is Sanderson Farms Total Inventories?

Sanderson Farms's total inventories for the quarter that ended in Apr. 2022 was $434 Mil. Sanderson Farms's average total inventories from the quarter that ended in Jan. 2022 to the quarter that ended in Apr. 2022 was $401 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sanderson Farms's Net-Net Working Capital per share for the quarter that ended in Apr. 2022 was $34.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sanderson Farms's Days Inventory for the three months ended in Apr. 2022 was 34.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sanderson Farms's Inventory Turnover for the quarter that ended in Apr. 2022 was 2.62.

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. Sanderson Farms's Inventory-to-Revenue for the quarter that ended in Apr. 2022 was 0.26.

Sanderson Farms Total Inventories Historical Data

The historical data trend for Sanderson Farms'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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Sanderson Farms Total Inventories Chart

Sanderson Farms Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Total Inventories

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252.77

240.06

289.93

290.01

350.96

Sanderson Farms Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Total Inventories	Get a 7-Day Free Trial															347.44	364.26	350.96	367.45	434.46

Sanderson Farms 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.

Sanderson Farms (NAS:SAFM) 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.

Sanderson Farms's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2022 is

	Net-Net Working Capital Per Share (Q: Apr. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(829.124	+	0.75 * 260.438	+	0.5 * 434.458	-	468.372
-	0	-	0)	/	22.3202
=	34.65

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

Sanderson Farms's Days Inventory for the three months ended in Apr. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2022 )	/	Cost of Goods Sold (Q: Apr. 2022 )	*	Days in Period
	=	400.956	/	1051.845	*	365 / 4
	=	34.78

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

Sanderson Farms's Inventory Turnover for the quarter that ended in Apr. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2022 )	/	Average Total Inventories (Q: Apr. 2022 )
	=	1051.845	/	400.956
	=	2.62

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.

Sanderson Farms's Inventory to Revenue for the quarter that ended in Apr. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2022 )	/	Revenue (Q: Apr. 2022 )
	=	400.956	/	1539.714
	=	0.26

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.

Sanderson Farms Total Inventories Related Terms

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Sanderson Farms (Sanderson Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sanderson Farms Inc (NAS:SAFM) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

127 Flynt Road, Laurel, MS, USA, 39443

Website

https://www.sandersonfarms.com

Sanderson Farms Inc is a dressed-chicken processor in the United States, producing and selling a variety of fresh, frozen, and value-added chicken products to grocers, food-service operators, and distributors. Most revenue is generated in the Southeastern, Southwestern, Northeastern, and Western United States. The company's product portfolio consists of tray packs and large birds, catering to grocery and food-service customers. It sells chill-packed, ice-packed, bulk-packed, and frozen chicken in whole, cut-up, and boneless form under the brand name Sanderson Farms to retailers, distributors, and casual dining operators in the United States.

Executives

Toni D Cooley	director	253 OLD JACKSON ROAD, MADISON MS 39110
Phil K Livingston	director	C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
John Bierbusse	director	3500 NORTH LAKE SHORE DRIVE #14A CHICAGO IL 60657
Lampkin Butts	director, officer: Vice President, Sales	C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
Robert C Khayat	director	PO BOX 1848 UNIVERSITY MS 38677
Sonia Perez	director	127 FLYNT ROAD, LAUREL MS 39443
Jones Gail Pittman	director	C/O SANDERSON FARMS INC PO BOX 988 225 N 13TH AVE LAUREL MS 39441-0988
Green Edith Kelly	director	3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118
John David Barksdale	director	127 FLYNT ROAD, LAUREL MS 39443
Banks Fred L Jr	director	111 EAST CAPITOL STREET SUITE 600 JACKSON MS 39201-2122
Dianne Mooney	director	7449 ASHLAND LANE BIRMINGHAM AL 35242
Suzanne T Mestayer	director	1100 POYDRAS STREET NEW ORLEANS LA 70163
D Michael Cockrell	director, officer: Treasurer & CFO	C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
Beverly W Hogan	director
Baker John H Iii	director	C/O SANDERSON FARMS INC 225 N 13TH AVE LAUREL MS 39441