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CECO Environmental (CECO Environmental) Total Inventories : $34.1 Mil (As of Dec. 2023)


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What is CECO Environmental Total Inventories?

CECO Environmental's total inventories for the quarter that ended in Dec. 2023 was $34.1 Mil. CECO Environmental's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $36.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CECO Environmental's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CECO Environmental's Days Inventory for the three months ended in Dec. 2023 was 32.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. CECO Environmental's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.79.

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. CECO Environmental's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.


CECO Environmental Total Inventories Historical Data

The historical data trend for CECO Environmental'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.

CECO Environmental Total Inventories Chart

CECO Environmental 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 20.58 17.34 17.05 26.53 34.09

CECO Environmental 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 26.53 30.30 31.83 37.91 34.09

CECO Environmental 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.


CECO Environmental  (NAS:CECO) 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.

CECO Environmental'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)
=(54.779+0.75 * 115.993+0.5 * 34.089-362.8
-0-4.848)/34.8353
=-5.99

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

CECO Environmental'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
=36/100.526*365 / 4
=32.68

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

CECO Environmental'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 )
=100.526 / 36
=2.79

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.

CECO Environmental'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 )
=36 / 153.711
=0.23

* 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.


CECO Environmental Total Inventories Related Terms

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CECO Environmental (CECO Environmental) Business Description

Traded in Other Exchanges
Address
14651 North Dallas Parkway, Suite 500, Dallas, TX, USA, 75254
CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.
Executives
Todd R Gleason director, officer: Chief Executive Officer 5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
Richard F Wallman director HONEYWELL, 101 COLUMBIA ROAD, MORRISTOWN NJ 07962
Laurie Siegel director C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036
Kiril Kovachev officer: Chief Accounting Officer 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Paul M Gohr officer: Chief Accounting Officer 4625 RED BANK ROAD, SUITE 200, CINCINNATI OH 45227
David B Liner director 6901 PROFESSIONAL PARKWAY E, STE 200, SARASOTA FL 34240
Ramesh Nuggihalli officer: Chief Operating Officer 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Peter K. Johansson officer: See Remarks 14651 DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Knowling Robert E Jr director C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304
Joycelynn Watkins-asiyanbi officer: General Counsel and Secretary 14651 DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Chasity Henry officer: See Remarks 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Jonathan Pollack director 2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4
Matthew Eckl officer: Chief Financial Officer 4625 RED BANK ROAD, SUITE 299, CINCINNATI OH 45227
Jason Dezwirek director, 10 percent owner 2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4
Dennis Sadlowski director 4625 RED BANK ROAD, SUITE 200, CINCINNATI OH 45227