Ranpak Holdings (Ranpak Holdings) Total Inventories : $19.3 Mil (As of Mar. 2024)

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What is Ranpak Holdings Total Inventories?

Ranpak Holdings's total inventories for the quarter that ended in Mar. 2024 was $19.3 Mil. Ranpak Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $18.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ranpak Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-5.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ranpak Holdings's Days Inventory for the three months ended in Mar. 2024 was 31.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ranpak Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.90.

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. Ranpak Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

Ranpak Holdings Total Inventories Historical Data

The historical data trend for Ranpak Holdings'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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Ranpak Holdings Total Inventories Chart

Ranpak Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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11.60

16.10

32.90

25.00

17.30

Ranpak Holdings 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															22.60	22.40	18.60	17.30	19.30

Ranpak Holdings 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.

Ranpak Holdings (NYSE:PACK) 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.

Ranpak Holdings'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)
=	(55.1	+	0.75 * 32.9	+	0.5 * 19.3	-	547.2
-	0	-	0)	/	82.975
=	-5.52

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

Ranpak Holdings'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
	=	18.3	/	53	*	365 / 4
	=	31.51

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

Ranpak Holdings'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 )
	=	53	/	18.3
	=	2.90

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.

Ranpak Holdings'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 )
	=	18.3	/	85.3
	=	0.21

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.

Ranpak Holdings Total Inventories Related Terms

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Ranpak Holdings (Ranpak Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ranpak Holdings Corp (NYSE:PACK) » Definitions » Total Inventories

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Traded in Other Exchanges

0ZA:Germany

Address

7990 Auburn Road, Concord Township, OH, USA, 44077

Website

https://www.ranpak.com

Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. Geographically, it derives a majority of revenue from Europe/Asia.

Executives

Mark A. Siebert	officer: MD, North America	7990 AUBURN ROAD, CONCORD TOWNSHIP OH 44077
Alicia M. Tranen	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Eric Laurensse	officer: Managing Director, Europe	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Antonio Grassotti	officer: Managing Director, APAC	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Kurt Zumwalt	director	201 ELLIOTT AVENUE WEST, SEATTLE WA 98119
Salil Seshadri	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Omar Asali	director, officer: Chairman and CEO	GOLDMAN SACHS HEDGE FUND STRATEGIES LLC, 32 OLD SLIP, 9TH FLOOR, NEW YORK NY 10005
William Drew	officer: Secretary	3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Michael Anthony Jones	director	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Pamela K. El	director	C/O RANPAK HOLDINGS CORP., 7990 AUBURN ROAD, CONCORD TOWNSHIP OH 44077
Thomas F. Corley	director	C/O KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Steve A. Kovach	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Js Capital Management Llc	10 percent owner	888 SEVENTH AVENUE, 40TH FLOOR, NEW YORK NY 10106
Soros Jonathan T Allan	10 percent owner	C/O JS CAPITAL MANAGEMENT LLC, 888 SEVENTH AVENUE, FLOOR 40, NEW YORK NY 10106
Trent Meyerhoefer	officer: Chief Financial Officer	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016