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Accel Entertainment (Accel Entertainment) Total Inventories : $8 Mil (As of Mar. 2024)


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What is Accel Entertainment Total Inventories?

Accel Entertainment's total inventories for the quarter that ended in Mar. 2024 was $8 Mil. Accel Entertainment's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Accel Entertainment's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-5.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Accel Entertainment's Days Inventory for the three months ended in Mar. 2024 was 3.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Accel Entertainment's Inventory Turnover for the quarter that ended in Mar. 2024 was 27.10.

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. Accel Entertainment's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.


Accel Entertainment Total Inventories Historical Data

The historical data trend for Accel 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.

Accel Entertainment Total Inventories Chart

Accel Entertainment Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial - - - 6.94 7.68

Accel Entertainment 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 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 7.48 7.31 6.78 7.68 7.84

Accel 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.


Accel Entertainment  (NYSE:ACEL) 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.

Accel Entertainment'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)
=(253.919+0.75 * 13.737+0.5 * 7.841-716.998
-0-0)/83.7783
=-5.36

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

Accel Entertainment'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
=7.761/210.326*365 / 4
=3.37

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

Accel Entertainment'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 )
=210.326 / 7.761
=27.10

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.

Accel Entertainment'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 )
=7.761 / 301.817
=0.03

* 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.


Accel Entertainment Total Inventories Related Terms

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Accel Entertainment (Accel Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
140 Tower Drive, Burr Ridge, Chicago, IL, USA, 60527
Accel Entertainment Inc is a distributed gaming operator in the United States. It is engaged in the installation, maintenance, and operation of video gaming terminals. The company offers products to restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It operates slot machines and amusement equipment. The company generates a majority of its revenue from net gaming. Net gaming revenue represents net cash received from gaming activities, which is the difference between gaming wins and losses. Net gaming revenue includes the amounts earned by location partners and is recognized at the time of gaming play.
Executives
David W. Ruttenberg director 140 TOWER DRIVE, BURR RIDGE IL 60527
Karl Mr. Peterson director, officer: President & CEO 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Derek Harmer officer: Secretary 140 TOWER DRIVE, BURR RIDGE IL 60527
Andrew H. Rubenstein director, officer: CEO, President 140 TOWER DRIVE, BURR RIDGE IL 60527
Gordon Rubenstein director 140 TOWER DRIVE, BURR RIDGE IL 60527
Christen Kozlik officer: Chief Accounting Officer 140 TOWER DR., BURR RIDGE IL 60527
Mathew Scot Ellis officer: Chief Financial Officer C/O ACCEL ENTERTAINMENT, INC., 140 TOWER DR., BURR RIDGE IL 60527
Brian M. Carroll officer: Chief Financial Officer 140 TOWER DRIVE, BURR RIDGE IL 60527
Dee M Robinson director 140 TOWER DRIVE, BURR RIDGE IL 60527
Michael Joseph Marino officer: Chief Commerical Officer 140 TOWER DRIVE, BURR RIDGE IL 60527
Ryan Hammer officer: President, Gaming Operations 140 TOWER DRIVE, BURR RIDGE IL 60527
Clairvest Group Inc 10 percent owner 22 ST. CLAIRE AVE., SUITE 1700 M4T 253, TORONTO ONTARIO
Brian Sampias officer: Controller 140 TOWER DRIVE, BURR RIDGE IL 60527
Eden Godsoe director 140 TOWER DRIVE, BURR RIDGE IL 60527
Kenneth Rotman director C/O CLAIRVEST GROUP INC, 22 ST. CLAIR AVENUE EAST, SUITE 1700, TORONTO A6 M4T 2S3