What does europe — reduction to inventory valuation mean?

This represents write-downs or reserves taken against the value of inventory within the European segment due to obsolescence, damage, or market price declines. It reflects the cost of maintaining inventory that is no longer expected to sell at full value.

Levi Strauss & Co. LEVI Europe — Reduction to inventory valuation

Discontinued — last reported Q4 '20

Similar metrics at other companies

SNXEurope distribution — Depreciation, Nonproduction

$8.23M+3.4%

MOG.BIndustrial — Inventory write-down

$0-100%

PENInventory write-downs

$1.63M-34.2%

AAPLEurope — Cost of Sales

$13.76B+5.6%

VSHInventory write-downs

$11.07M+22.5%

WTSEurope — Restructuring Settlement And Impairment Provisions

$200K-98.8%

Other financials

Income statement

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Revenue$1.7B+14.1%

Gross profit$1.1B+13.8%

Operating income$198.7M+3.7%

Net income$175.8M+30.2%

EPS (diluted)$0.45+32.4%

Balance sheet

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Cash & equivalents$716.6M+24.8%

Total debt$2.3B+4.4%

Total equity$2.3B+15.6%

Total assets$6.6B-4.0%

Cash flow

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Operating cash flow$211.5M+303%

CapEx$59.4M-10.8%

Free cash flow$152.1M+1,179%

Valuation

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Market cap$9.11B+15.4%

Enterprise value$10.71B+11.6%

P/E14.7×-7.4×

P/S1.4×+0.1×

Profitability

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Gross margin61.7%+0.2pp

Operating margin10.5%+3.1pp

Net margin9.5%+3.7pp

FCF margin5.9%-4.9pp

Returns & leverage

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Return on equity27.2%+16.7pp

Debt / equity1×-0.1×

Current ratio1.6×+0.1×

Where this comes from

Reported directly by Levi Strauss & Co. in its filing.

Tagged under the XBRL concept us-gaap:InventoryValuationReserves.

The official record: Levi Strauss & Co.’s 10-K, filed January 25, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does europe — reduction to inventory valuation mean?: This represents write-downs or reserves taken against the value of inventory within the European segment due to obsolescence, damage, or market price declines. It reflects the cost of maintaining inventory that is no longer expected to sell at full value.