Nathan's Famous (Nathan's Famous) Total Inventories : $0.6 Mil (As of Dec. 2023)

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What is Nathan's Famous Total Inventories?

Nathan's Famous's total inventories for the quarter that ended in Dec. 2023 was $0.6 Mil. Nathan's Famous's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nathan's Famous's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-12.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nathan's Famous's Days Inventory for the three months ended in Dec. 2023 was 3.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nathan's Famous's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.45.

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. Nathan's Famous's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Nathan's Famous Total Inventories Historical Data

The historical data trend for Nathan's Famous'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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Nathan's Famous Total Inventories Chart

Nathan's Famous Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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0.54

0.38

0.62

0.52

0.54

Nathan's Famous Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															0.34	0.54	0.76	0.92	0.55

Nathan's Famous 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.

Nathan's Famous (NAS:NATH) 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.

Nathan's Famous's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.732	+	0.75 * 13.236	+	0.5 * 0.554	-	77.885
-	0	-	0)	/	4.08462
=	-12.47

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

Nathan's Famous's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.7375	/	18.768	*	365 / 4
	=	3.59

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

Nathan's Famous's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	18.768	/	0.7375
	=	25.45

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.

Nathan's Famous's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.7375	/	28.89
	=	0.03

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.

Nathan's Famous Total Inventories Related Terms

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Nathan's Famous (Nathan's Famous) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nathan's Famous Inc (NAS:NATH) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

NFA:Germany

Address

One Jericho Plaza, Second Floor - Wing A, Jericho, NY, USA, 11753

Website

https://www.nathansfamous.com

Nathan's Famous Inc is an owner of fast food franchises in the United States. The company's reportable segment includes the Branded Product Program, Product licensing, Restaurant operations and Corporate. Branded Product Program derives revenue principally from the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. It generates maximum revenue from the Branded Product Program segment. Geographically, it derives a majority of revenue from the United States.

Executives

Brian S Genson	director
Joanne Podell	director	ONE JERICHO PLAZA, JERICHO NY 11753
Robert E Steinberg	officer: VP Finance, CFO, Treasurer	NATHAN'S FAMOUS INC., ONE JERICHO PLAZA, JERICHO NY 11753
Andrew M Levine	director	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Ronald G Devos	officer: VP-Fin, CFO and Secy
James Robert Walker	officer: SVP, Restaurants	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Robert J Eide	director	70 EAST SUNRISE HIGHWAY STE 415, VALLEY STREAM NY 11581
Randy Watts	officer: VP - Franchise Operations	1400 OLD COUNTRY ROAD, SUITE 400, WESTBURY NY 11590
Leigh Platte	officer: Vice President, Food Service	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Scott F. Harvey	officer: Executive Vice President	ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Donald P Schedler	officer: Vice President
Barry Leistner	director
Wayne Norbitz	director, officer: President
Donald L Perlyn	director, officer: Executive Vice President
Howard M Lorber	director, 10 percent owner, officer: Executive Chairman	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137