Electro-Sensors (Electro-Sensors) Total Inventories : $1.75 Mil (As of Dec. 2023)

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What is Electro-Sensors Total Inventories?

Electro-Sensors's total inventories for the quarter that ended in Dec. 2023 was $1.75 Mil. Electro-Sensors's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1.79 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Electro-Sensors's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electro-Sensors's Days Inventory for the three months ended in Dec. 2023 was 141.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Electro-Sensors's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.64.

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. Electro-Sensors's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.

Electro-Sensors Total Inventories Historical Data

The historical data trend for Electro-Sensors'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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Electro-Sensors Total Inventories Chart

Electro-Sensors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1.70

1.57

1.66

1.75

Electro-Sensors 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															1.75	1.78	1.92	1.84	1.75

Electro-Sensors 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.

Electro-Sensors (NAS:ELSE) 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.

Electro-Sensors'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)
=	(9.926	+	0.75 * 1.283	+	0.5 * 1.751	-	0.69
-	0	-	0)	/	3.42802
=	3.23

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

Electro-Sensors'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
	=	1.7935	/	1.154	*	365 / 4
	=	141.82

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

Electro-Sensors'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 )
	=	1.154	/	1.7935
	=	0.64

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.

Electro-Sensors'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 )
	=	1.7935	/	2.316
	=	0.77

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.

Electro-Sensors Total Inventories Related Terms

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Electro-Sensors (Electro-Sensors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Electro-Sensors Inc (NAS:ELSE) » Definitions » Total Inventories

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Address

6111 Blue Circle Drive, Minnetonka, MN, USA, 55343-9108

Website

https://www.electro-sensors.com

Electro-Sensors Inc is engaged in manufacturing and selling a variety of monitoring systems that measure actual machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. Its speed monitoring systems compare revolutions per minute or speed against acceptable rates as determined by a customer. It also includes a line of products that measure production counts or rates, such as parts, gallons, or board feet, alarm systems, tachometers, and other devices that translate impulses from the sensors into alarm signals, computer inputs, or digital displays that are usable by the customer.

Executives

Patricia Nancy Peterson	10 percent owner	6005 ERIN TERRACE, EDINA MN 55439
Paul Rodney Peterson	10 percent owner	227 CEDAR DRIVE WEST, HUDSON WI 54016
John Eberhart Peterson	10 percent owner	815 BUTTONBUSH LANE, NAPLES FL 34108
Michael C. Zipoy	director	6111 BLUE CIRCLE DR, MINNETONKA MN 55343
Lynne Elizabeth Peterson	10 percent owner	10254 NOTTINGHAM TRAIL, EDEN PRAIRIE MN 55347
Estate Of Nancy P. Peterson	10 percent owner	C/O 15708 WOODKNOLL LANE, MINNETONKA MN 55345
Michael Hochman	officer: VP of Casino Card Operations	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Nancy P. Peterson	10 percent owner	905 MAIN STREET, HOPKINS MN 55343
Nicholas John Swenson	10 percent owner	5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Scott A. Gabbard	director	6111 BLUE CIRCLE DRIVE, MINNETONKA MN 55343
David L Klenk	director	6111 BLUE CIRCLE DRIVE, MINNETONKA MN 55343
Robert W Heller	director	10992 MOUNT CURVE ROAD, EDEN PRAIRIE MN 55347
Jeffrey Dean Peterson	director	15708 WOODKNOLL LANE, MINNETONKA MN 55345
Geoffrey W Miller	director	12735 42ND PLACE N, PLAYMOUTH MN 55442-2350
John S Strom	director