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AMETEK (AMETEK) Total Inventories : $1,132 Mil (As of Dec. 2023)


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What is AMETEK Total Inventories?

AMETEK's total inventories for the quarter that ended in Dec. 2023 was $1,132 Mil. AMETEK's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1,110 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. AMETEK's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-19.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AMETEK's Days Inventory for the three months ended in Dec. 2023 was 90.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. AMETEK's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.01.

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. AMETEK's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.64.


AMETEK Total Inventories Historical Data

The historical data trend for AMETEK'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.

AMETEK Total Inventories Chart

AMETEK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 624.57 559.17 769.18 1,044.28 1,132.47

AMETEK Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1,044.28 1,117.05 1,107.82 1,087.58 1,132.47

AMETEK 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.


AMETEK  (NYSE:AME) 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.

AMETEK's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(409.804+0.75 * 1012.932+0.5 * 1132.471-6293.342
-0-0)/230.93
=-19.74

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

AMETEK's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=1110.0275/1115.85*365 / 4
=90.77

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

AMETEK's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=1115.85 / 1110.0275
=1.01

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.

AMETEK's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=1110.0275 / 1730.885
=0.64

* 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.


AMETEK Total Inventories Related Terms

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AMETEK (AMETEK) Business Description

Traded in Other Exchanges
Address
1100 Cassatt Road, Berwyn, PA, USA, 19312-1177
Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.
Executives
David A Zapico officer: Pres. - Electronic Instruments AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Steven W Kohlhagen director AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
William Joseph Burke officer: SR. VP-Comptroller & Treasurer AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Emanuela Speranza officer: CHIEF COMMERCIAL OFFICER 1100 CASSATT ROAD, BERWYN PA 19312
Anthony James Conti director 76 GOLFVIEW DRIVE, IVYLAND PA 18974
Thomas A Amato director 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Ronald J Oscher officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Gretchen W Mcclain director XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604
Thomas C Marecic officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Thomas M Montgomery officer: SR. VP. - COMPTROLLER AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
John Wesley Hardin officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK,INC., 1100 CASSATT ROAD, BERWYN PA 19312
David F. Hermance officer: PRESIDENT - ELECTROMECHANICAL 1100 CASSATT ROAD, BERWYN PA 19312
Suzanne Stefany director JELD-WEN HOLDING, INC., 440 S. CHURCH STREET, SUITE 400, CHARLOTTE NC 28202
Dean Seavers director 70 SUFFOLK ROAD, CHESTNUT HILL MA 02467
Ruby R Chandy director 630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062

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