GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Utz Brands Inc (NYSE:UTZ) » Definitions » Total Inventories

Utz Brands (Utz Brands) Total Inventories : $105 Mil (As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is Utz Brands Total Inventories?

Utz Brands's total inventories for the quarter that ended in Dec. 2023 was $105 Mil. Utz Brands's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $111 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Utz Brands's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-23.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Utz Brands's Days Inventory for the three months ended in Dec. 2023 was 42.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Utz Brands's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.14.

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. Utz Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.


Utz Brands Total Inventories Historical Data

The historical data trend for Utz Brands'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.

Utz Brands Total Inventories Chart

Utz Brands Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 50.89 59.81 79.52 118.01 104.67

Utz Brands 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 118.01 123.46 122.39 116.67 104.67

Utz Brands 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.


Utz Brands  (NYSE:UTZ) 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.

Utz Brands'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)
=(52.023+0.75 * 135.13+0.5 * 104.666-1363.053
-0-714.187)/81.188
=-23.05

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

Utz Brands'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
=110.67/236.771*365 / 4
=42.65

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

Utz Brands'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 )
=236.771 / 110.67
=2.14

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.

Utz Brands'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 )
=110.67 / 352.099
=0.31

* 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.


Utz Brands Total Inventories Related Terms

Thank you for viewing the detailed overview of Utz Brands's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Utz Brands (Utz Brands) Business Description

Traded in Other Exchanges
N/A
Address
900 High Street, Hanover, PA, USA, 17331
Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, pretzels, cheese snacks, pork skins, pub/party mixes, and veggie snacks. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels. It operates in the given segment: the manufacturing, distribution, marketing and sale of snack food products.
Executives
Theresa Robbins Shea officer: EVP and General Counsel 900 HIGH STREET, HANOVER PA 17331
Jennifer Bentz officer: EVP, Insights, Innov & Mktg 900 HIGH STREET, HANOVER PA 17331
Dylan Lissette director, officer: Chief Executive Officer 860 WESTMINSTER AVENUE, HANOVER PA 17331
Roger K Deromedi director, 10 percent owner, officer: Chairman 900 HIGH STREET, HANOVER PA 17331
Chinh Chu 10 percent owner THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Cc Collier Holdings, Llc 10 percent owner C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166
Howard A Friedman director, officer: CEO 900 HIGH STREET, HANOVER PA 17331
Chad Whyte officer: EVP, Supply Chain 900 HIGH STREET, HANOVER PA 17331
Pamela J Stewart director 900 HIGH STREET, HANOVER PA 17331
Shannan Redcay officer: EVP, Manufacturing 900 HIGH STREET, HANOVER PA 17331
Cary Devore officer: EVP & CFO 900 HIGH STREET, HANOVER PA 17331
Shane Chambers officer: EVP & Chief Growth Officer 900 HIGH STREET, HANOVER PA 17331
John W Altmeyer director 946 HIGHMEADOW COURT, LANCASTER PA 17601
Antonio F. Fernandez director C/O PINNACLE FOODS INC., 399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Ajay Kataria officer: EVP, Finance & Accounting 900 HIGH STREET, HANOVER PA 17331