Tile Shop Holdings (Tile Shop Holdings) Total Inventories : $88.8 Mil (As of Mar. 2024)

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What is Tile Shop Holdings Total Inventories?

Tile Shop Holdings's total inventories for the quarter that ended in Mar. 2024 was $88.8 Mil. Tile Shop Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $91.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tile Shop Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tile Shop Holdings's Days Inventory for the three months ended in Mar. 2024 was 265.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tile Shop Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

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. Tile Shop Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.99.

Tile Shop Holdings Total Inventories Historical Data

The historical data trend for Tile Shop 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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Tile Shop Holdings Total Inventories Chart

Tile Shop Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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97.62

74.30

97.18

120.95

93.68

Tile Shop 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															115.48	106.86	98.71	93.68	88.84

Tile Shop 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.

Tile Shop Holdings (NAS:TTSH) 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.

Tile Shop 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)
=	(24.027	+	0.75 * 3.935	+	0.5 * 88.835	-	204.618
-	0	-	0)	/	44.5936
=	-2.99

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

Tile Shop 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
	=	91.257	/	31.409	*	365 / 4
	=	265.12

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

Tile Shop 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 )
	=	31.409	/	91.257
	=	0.34

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.

Tile Shop 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 )
	=	91.257	/	91.728
	=	0.99

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.

Tile Shop Holdings Total Inventories Related Terms

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Tile Shop Holdings (Tile Shop Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tile Shop Holdings Inc (NAS:TTSH) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

2TS:Germany

Address

14000 Carlson Parkway, Plymouth, MN, USA, 55441

Website

https://www.tileshop.com

Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It manufactures its setting and maintenance materials, such as thinset, grout, and sealers. The company's primary market is retail sales to consumers, contractors, designers, and home builders. The company's distribution centers are in Michigan, New Jersey, Oklahoma, Virginia, and Wisconsin.

Executives

Fund 1 Investments, Llc	10 percent owner	100 CARR 115, UNIT 1900, RINCON PR 00677
Mark Burton Davis	officer: VP Inv. Relations & CAO	C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Pleasant Lake Partners Llc	10 percent owner	100 CARR 115 UNIT 1900, RINCON PR 00677
Karla Lunan	officer: Chief Financial Officer	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PKWY., PLYMOUTH MN 55441
Deborah K Glasser	director	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Linda Solheid	director	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Robert A Rucker	director, 10 percent owner, officer: Chief Executive Officer	14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Philip B Livingston	director	1241 EAST MAIN ST, STAMFORD CT 06902
Brc Partners Opportunity Fund, Lp	other: See Remarks	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Financial, Inc.	other: See Remarks	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
272 Capital Lp	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 2100, DALLAS TX 75219
Bryant R Riley	other: See Remarks	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Wes Cummins	10 percent owner	4505 LORRAINE AVE, DALLAS TX 75205
B. Riley Securities, Inc.	other: See Remarks	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	other: See Remarks	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025