World Wrestling Entertainment (World Wrestling Entertainment) Total Inventories : $2 Mil (As of Jun. 2023)

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What is World Wrestling Entertainment Total Inventories?

World Wrestling Entertainment's total inventories for the quarter that ended in Jun. 2023 was $2 Mil. World Wrestling Entertainment's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Jun. 2023 was $3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. World Wrestling Entertainment's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. World Wrestling Entertainment's Days Inventory for the three months ended in Jun. 2023 was 1.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. World Wrestling Entertainment's Inventory Turnover for the quarter that ended in Jun. 2023 was 73.84.

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. World Wrestling Entertainment's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

World Wrestling Entertainment Total Inventories Historical Data

The historical data trend for World Wrestling Entertainment'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.

* Premium members only.

World Wrestling Entertainment Total Inventories Chart

World Wrestling Entertainment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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7.75

8.25

8.39

8.03

2.92

World Wrestling Entertainment Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Inventories	Get a 7-Day Free Trial															4.84	2.46	2.92	3.98	2.22

World Wrestling Entertainment 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.

World Wrestling Entertainment (NYSE:WWE) 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.

World Wrestling Entertainment's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(523.823	+	0.75 * 161.949	+	0.5 * 2.223	-	597.909
-	0	-	0)	/	82.9081
=	0.58

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

World Wrestling Entertainment's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	3.1035	/	229.152	*	365 / 4
	=	1.24

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

World Wrestling Entertainment's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	229.152	/	3.1035
	=	73.84

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.

World Wrestling Entertainment's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	3.1035	/	410.374
	=	0.01

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.

World Wrestling Entertainment Total Inventories Related Terms

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World Wrestling Entertainment (World Wrestling Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » World Wrestling Entertainment Inc (NYSE:WWE) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

1241 East Main Street, Stamford, CT, USA, 06902

Website

https://www.wwe.com

World Wrestling Entertainment Inc develops and produces television programming, pay-per-view programming, and live wrestling events. Its segments include Media, Live Events, and Consumer Products. The majority of its revenue comes from the Media segment, which includes the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment. The geographical segments are North America, which accounts for the majority of revenue; Europe/Middle East/Africa; Asia Pacific; and Latin America.

Executives

Karen M Mullane	officer: Controller & Chief Accting Off	C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Rajan Mehta	officer: EVP, Chief Product & Tech Off	1241 EAST MAIN STREET, STAMFORD CT 06902
Suzette Ramirez-carr	officer: EVP, Chief Human Resources Off	1241 EAST MAIN STREET, STAMFORD CT 06902
Steve Pamon	director	1241 E MAIN ST, STAMFORD CT 06902-3520
Steven R Koonin	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Mckenna Michelle	director	20 DAVIS DRIVE, BELMONT CA 94002
Nick Khan	director, officer: Chief Executive Officer	1241 EAST MAIN STREET, STAMFORD CT 06902
Maurice F Edelson	officer: EVP, Chief Legal Officer	1241 EAST MAIN STREET, STAMFORD CT 06902
Dillon Joellen Lyons	director	BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HARTFORDSHIRE X0 AL 109UL
Riddick Frank A Iii	officer: President & CFO	C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Ignace Lahoud	director	1241 EAST MAIN STREET, STAMFORD CT 06902
Kevin Dunn	officer: Exec Prod. & Chief Glob. Telev	1241 EST MAIN STREET, STAMFORD CT 06902
Elisebeth Collins	officer: SVP General Counsel & Corp Sec	1241 EAST MAIN STREET, STAMFORD CT 06902
Bradley Blum	officer: EVP, Operations & COS	1241 EAST MAIN STREET, STAMFORD CT 06902
Samira Shah	officer: EVP, General Counsel & Corp Se	1241 EAST MAIN STREET, STAMFORD CT 06902