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Karat Packaging (Karat Packaging) Total Inventories : $79.3 Mil (As of Mar. 2024)


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What is Karat Packaging Total Inventories?

Karat Packaging's total inventories for the quarter that ended in Mar. 2024 was $79.3 Mil. Karat Packaging's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $75.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Karat Packaging's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Karat Packaging's Days Inventory for the three months ended in Mar. 2024 was 118.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Karat Packaging's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.77.

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. Karat Packaging's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.


Karat Packaging Total Inventories Historical Data

The historical data trend for Karat Packaging'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.

Karat Packaging Total Inventories Chart

Karat Packaging Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 35.43 48.96 58.47 71.21 71.53

Karat Packaging 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 70.91 76.30 71.66 71.53 79.27

Karat Packaging 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.


Karat Packaging  (NAS:KRT) 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.

Karat Packaging'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)
=(46.659+0.75 * 30.111+0.5 * 79.272-118.646
-0-5.989)/19.972
=-0.79

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

Karat Packaging'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
=75.4/58.011*365 / 4
=118.60

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

Karat Packaging'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 )
=58.011 / 75.4
=0.77

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.

Karat Packaging'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 )
=75.4 / 95.613
=0.79

* 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.


Karat Packaging Total Inventories Related Terms

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Karat Packaging (Karat Packaging) Business Description

Traded in Other Exchanges
Address
6185 Kimball Avenue, Chino, CA, USA, 91708
Karat Packaging Inc is engaged in the manufacturing and distribution of disposable products used in restaurants and food service settings. It offers products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. These products are available in plastic, paper, biopolymer-based and other compostable forms.
Executives
Wang Joanne Tzu Jung officer: Chief Operating Officer 6185 KIMBALL AVE., CHINO CA 91708
Daniel Quire officer: Chief Revenue Officer 6185 KIMBALL AVENUE, CHINO CA 91708
Marvin Cheng officer: VP-Manufacturing, Secy 6185 KIMBALL AVE., CHINO CA 91708
Alan Yu director, 10 percent owner, officer: CEO and Chairman of the BOD 6185 KIMBALL AVE., CHINO CA 91708
Jian Guo officer: Chief Financial Officer 6185 KIMBALL AVENUE, CHINO CA 91708
Eve Yen director 4651 SCHAEFER AVENUE, CHINO CA 91710
Peter Lee officer: Interim CFO 6185 KIMBALL AVENUE, CHINO CA 91708
Ann T Sabahat officer: Chief Financial Officer 11 MUSICK, IRVINE CA 92618
Paul Y Chen director 9660 FLAIR DR, STE 300, EL MONTE CA 91731
Eric K Chen director 6330 SPRING MOUNTAIN RD, STE D, LAS VEGAS NV 89146