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GrowGeneration (GrowGeneration) Total Inventories : $66.0 Mil (As of Mar. 2024)


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What is GrowGeneration Total Inventories?

GrowGeneration's total inventories for the quarter that ended in Mar. 2024 was $66.0 Mil. GrowGeneration's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $65.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GrowGeneration's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GrowGeneration's Days Inventory for the three months ended in Mar. 2024 was 168.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. GrowGeneration's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.54.

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. GrowGeneration's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.37.


GrowGeneration Total Inventories Historical Data

The historical data trend for GrowGeneration'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.

GrowGeneration Total Inventories Chart

GrowGeneration Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only 21.58 54.02 105.57 77.09 64.91

GrowGeneration 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 75.58 76.69 75.99 64.91 66.03

GrowGeneration 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.


GrowGeneration  (NAS:GRWG) 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.

GrowGeneration'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)
=(61.33+0.75 * 7.832+0.5 * 66.028-65.085
-0-0)/61.5073
=0.57

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

GrowGeneration'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
=65.4665/35.524*365 / 4
=168.16

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

GrowGeneration'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 )
=35.524 / 65.4665
=0.54

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.

GrowGeneration'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 )
=65.4665 / 47.888
=1.37

* 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.


GrowGeneration Total Inventories Related Terms

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GrowGeneration (GrowGeneration) Business Description

Traded in Other Exchanges
Address
5619 DTC Parkway, Suite 900, Greenwood Village, CO, USA, 80111
GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening. The Company has three reportable segments, including retail operations, e-commerce, and distribution and other.
Executives
Michael Salaman director, officer: President C/O GROWGENERATION CORP., 1000 WEST MISSISSIPPI AVENUE, DENVER CO 80223
Darren Lampert director, officer: CEO C/O GROWGENERATION CORP., 1000 WEST MISSISSIPPI AVENUE, DENVER CO 80233
Gregory Kevin Sanders officer: Chief Financial Officer 8770 ZIRCON WAY, ARVANDA CO 80007
Dennis Sheldon officer: See Remarks C/O GROWGENERATION CORP., 5619 DTC PARKWAY, SUITE 900, GREENWOOD VILLAGE CO 80111
Stephen Kozey officer: Secretary and VP of Legal C/O GROWGENERATION CORP., 5619 DTC PARKWAY, SUITE 900, GREENWOOD VILLAGE CO 80111
Eula L Adams director 9194 E. VASSAR AVE., DENVER CO 80231
Paul Rutenis officer: Chief Merchandise Officer 500 WESTRIDGE DRIVE, WATSONVILLE CA 95076
Stephen Aiello director 112 OAK AVE, KENTFIELD CA 94904-1561
Sean Stiefel director 28 REICHERT CIRCLE, WESTPORT CT 06880
Tony Sullivan officer: COO 8353 ARAPAHOE PEAK STREET, LITTLETON CO 80125
Jeff Lasher officer: CFO 500 WESTRIDGE DRIVE, WATSONVILLE CA 95076
Monty R Lamirato officer: CFO
Merida Capital Partners, Lp 10 percent owner 641 LEXINGTON AVENUE, 18TH FLOOR, NEW YORK NY 10022
Gotham Green Partners Llc 10 percent owner 1437 4TH STREET, SANTA MONICA CA 90401
Mitchell Baruchowitz 10 percent owner C/O MERIDA MERGER CORP. I, 641 LEXINGTON AVE, 18TH FLOOR, NEW YORK NY 10022

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