WIRE has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
WIRE has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Encore Wire's total inventories for the quarter that ended in Dec. 2023 was $164 Mil. Encore Wire's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $161 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Encore Wire's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $49.86.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Encore Wire's Days Inventory for the three months ended in Dec. 2023 was 29.60.
Inventory Turnover measures how fast the company turns over its inventory within a year. Encore Wire's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.08.
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. Encore Wire's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.
The historical data trend for Encore Wire'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.
Encore Wire Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 89.68 | 92.32 | 100.82 | 153.19 | 163.68 |
Encore Wire 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 | 173.88 | 163.22 | 158.99 | 163.68 | 173.67 |
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.
Encore Wire (NAS:WIRE) 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.
Encore Wire'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) | ||
= | (560.635 | + | 0.75 * 475.291 | + | 0.5 * 163.679 | - | 220.335 |
- | 0 | - | 0) | / | 15.6153 | ||
= | 49.86 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Encore Wire'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 |
= | 161.335 | / | 497.37 | * | 365 / 4 | |
= | 29.60 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Encore Wire'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 ) |
= | 497.37 | / | 161.335 | |
= | 3.08 |
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.
Encore Wire'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 ) |
= | 161.335 | / | 633.778 | |
= | 0.25 |
* 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.
Thank you for viewing the detailed overview of Encore Wire's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
William Kelvin Walker | director | 1329 MILLWOOD ROAD, MCKINNEY TX 75069 |
Matthew D. Ford | officer: Controller | 1329 MILLWOOD ROAD, MCKINNEY TX 75069 |
Daniel L Jones | director, officer: Chairman, President & CEO | 1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069 |
Bret J Eckert | officer: Vice President - Finance & CFO | P O BOX 650205, DALLAS TX 75265 |
Gregory J Fisher | director | 14643 DALLAS PAKWAY, STE 1000, DALLAS TX 75254-8890 |
Scott D Weaver | director | C/O WESTERN REFINING, INC., 6500 TROWBRIDGE DRIVE, EL PASO TX 79905 |
Thomas William R Iii | director | 12900 PRESTON ROAD, SUITE 700, DALLAS TX 75230 |
John H Wilson | director | 12900 PRESTON RD, STE 700, DALLAS TX 75230 |
Gina A. Norris | director | 1329 MILLWOOD ROAD, MCKINNEY TX 75069 |
Frank J Bilban | officer: Vice President - Finance & CFO | 1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069 |
Donald Eugene Courtney | director | |
Capital Southwest Corp | director | 8333 DOUGLAS AVE, SUITE 1100, DALLAS TX 75225 |
Norman R Medlen | officer: Controller | 1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069 |
Cunningham Thomas Lee Iii | director | |
Joseph M Brito | director | 1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069 |
From GuruFocus
By Business Wire Business Wire • 03-16-2023
By Business Wire • 07-25-2023
By Sydnee Gatewood • 04-18-2023
By GuruFocusNews insider • 02-11-2022
By Business Wire Business Wire • 12-02-2022
By GuruFocus Research • 10-24-2023
By Business Wire • 10-13-2023
By Business Wire • 10-24-2023
By Business Wire Business Wire • 02-17-2022
By Business Wire Business Wire • 02-02-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.