Weis Markets (Weis Markets) Total Inventories : $296 Mil (As of Mar. 2024)

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What is Weis Markets Total Inventories?

Weis Markets's total inventories for the quarter that ended in Mar. 2024 was $296 Mil. Weis Markets's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $296 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Weis Markets's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Weis Markets's Days Inventory for the three months ended in Mar. 2024 was 30.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Weis Markets's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.00.

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. Weis Markets's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.25.

Weis Markets Total Inventories Historical Data

The historical data trend for Weis 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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Weis Markets Total Inventories Chart

Weis Markets Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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279.81

269.02

269.59

293.27

296.16

Weis 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															307.80	295.03	303.72	296.16	295.76

Weis 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.

Weis Markets (NYSE:WMK) 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.

Weis 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)
=	(426.681	+	0.75 * 66.08	+	0.5 * 295.761	-	644.941
-	0	-	0)	/	26.8984
=	-0.77

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

Weis 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
	=	295.959	/	887.194	*	365 / 4
	=	30.44

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

Weis 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 )
	=	887.194	/	295.959
	=	3.00

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.

Weis 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 )
	=	295.959	/	1178.168
	=	0.25

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.

Weis Markets Total Inventories Related Terms

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Weis Markets (Weis Markets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Weis Markets Inc (NYSE:WMK) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 S. Second Street, P.O. Box 471, Sunbury, PA, USA, 17801-0471

Website

https://www.weismarkets.com

Weis Markets Inc is a U.S.-based company that is principally engaged in retailing food products in Pennsylvania and surrounding states. The company's products consist of center-store goods, fresh goods, pharmacy services, fuel, and other. The center-store goods include groceries, dairy products, frozen foods, alcoholic beverage, and general merchandise items. The fresh goods include meats, seafood, floral, prepared foods, and bakery products. The center-store goods and fresh goods jointly account for the majority of the company's total revenue.

Executives

Robert G. Gleeson	officer: SVP, Merchandising & Marketing	1000 SOUTH 2ND STREET, PO BOX 471, SUNBURY PA 17801
Kurt A Schertle	officer: Sr. VP Merch. and Marketing	1000 SOUTH SECOND STREET, P.O. BOX 471, SUNBURY PA 17801-0471
Michael T Lockard	officer: SVP, CFO and Treasurer	1000 SOUTH 2ND STREET, PO BOX 471, SUNBURY PA 17801
Jennifer Weis	other: Member of a 10% owner group	C/O WEIS MARKETS, INC., 1000 SOUTH SECOND STREET, PO BOX 471, SUNBURY PA 17801
Zeh Richard Gregory Jr	officer: SVP, Chief Information Officer	1000 SOUTH 2ND STREET, PO BOX 471, SUNBURY PA 17801
Scott F Frost	officer: SVP, Chief Financial Officer	1000 SOUTH SECOND STREET, PO BOX 471, SUNBURY PA 17801
Wayne S Bailey	officer: Vice President Grocery Merch.
Jonathan H Weis	director, officer: Vice President and Secretary
Dennis G Hatchell	director	305 GREGSON DRIVE, CARY NC 27511
Gerrald B Silverman	director	207 CROSS STREET, BELMONT MA 02478
Lauth Edward John Iii	director	485 SCENERY DRIVE, STATE COLLEGE PA 16801
Harold G Graber	officer: Vice President Real Estate
Patricia R. Weis Marital Trust	10 percent owner	C/O WEIS MARKETS, INC., 1000 SOUTH, SECOND STREET, P.O. BOX 471, SUNBURY PA 17801
Weis Collen Ross	other: Member of a 10% owner group	C/O WEIS MARKETS, INC., 1000 SOUTH SECOND STREET, PO BOX 471, SUNBURY PA 17801
Kathryn Jane Zox	other: Member of a 10% owner group	1000 SOUTH SECOND STREET, PO BOX 471, SUNBURY PA 17801