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Whole Foods Market's total inventories for the quarter that ended in Jun. 2017 was $483 Mil. Whole Foods Market's average total inventories from the quarter that ended in Mar. 2017 to the quarter that ended in Jun. 2017 was $496 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Whole Foods Market's Net-Net Working Capital per share for the quarter that ended in Jun. 2017 was $-5.40.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Whole Foods Market's Days Inventory for the three months ended in Jun. 2017 was 18.40.
Inventory Turnover measures how fast the company turns over its inventory within a year. Whole Foods Market's Inventory Turnover for the quarter that ended in Jun. 2017 was 4.96.
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. Whole Foods Market's Inventory-to-Revenue for the quarter that ended in Jun. 2017 was 0.13.
The historical data trend for Whole Foods Market'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.
Whole Foods Market Annual Data | |||||||||||||||||||||
Trend | Sep07 | Sep08 | Sep09 | Sep10 | Sep11 | Sep12 | Sep13 | Sep14 | Sep15 | Sep16 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 374.00 | 414.00 | 441.00 | 500.00 | 517.00 |
Whole Foods Market Quarterly Data | ||||||||||||||||||||
Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | |
Total Inventories | Get a 7-Day Free Trial | 523.00 | 517.00 | 554.00 | 508.00 | 483.00 |
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.
Whole Foods Market (NAS:WFM) 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.
Whole Foods Market's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2017 is
Net-Net Working Capital Per Share (Q: Jun. 2017 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (999 | + | 0.75 * 246 | + | 0.5 * 483 | - | 3152 |
- | 0 | - | 0) | / | 320.1 | ||
= | -5.40 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Whole Foods Market's Days Inventory for the three months ended in Jun. 2017 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2017 ) | / | Cost of Goods Sold (Q: Jun. 2017 ) | * | Days in Period |
= | 495.5 | / | 2457 | * | 365 / 4 | |
= | 18.40 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Whole Foods Market's Inventory Turnover for the quarter that ended in Jun. 2017 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2017 ) | / | Average Total Inventories (Q: Jun. 2017 ) |
= | 2457 | / | 495.5 | |
= | 4.96 |
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.
Whole Foods Market's Inventory to Revenue for the quarter that ended in Jun. 2017 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2017 ) | / | Revenue (Q: Jun. 2017 ) |
= | 495.5 | / | 3725 | |
= | 0.13 |
* 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.
Thank you for viewing the detailed overview of Whole Foods Market's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott F Powers | director | STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111 |
Sharon Mccollam | director | C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563 |
Ken C Hicks | director | 150 N. ORANGE GROVE BLVD, PASADENA CA 91103 |
Mary Ellen Coe | director | 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033 |
Gabrielle Sulzberger | director | 450 LEXINGTON AVENUE, FLOOR 13, NEW YORK NY 10017 |
Glenda J Flanagan | officer: Executive Vice President | 550 BOWIE STREET, AUSTIN TX 78703 |
Joseph D Mansueto | director | C/O MORNINGSTAR, INC., 225 WEST WACKER DRIVE, CHICAGO IL 60606 |
Robb Walter E Iv | director | 550 BOWIE STREET, AUSTIN TX 78703 |
Ralph Z Sorenson | director | WHOLE FOODS MARKET, INC. 550 BOWIE STREET AUSTIN TX 78703 |
William A Tindell | director | 500 FREEPORT PARKWAY, COPPELL TX 75019 |
Green Equity Investors V, L.p. | other: See General Remarks. | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
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Green Equity Investors Side V, L.p. | other: See General Remarks. | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Green V Holdings, Llc | other: See General Remarks. | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Lgp Management Inc | other: See General Remarks. | 11111 SANTA MONICA BLVD, STE 2000, LOS ANGELES CA 90025 |
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