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Altra Industrial Motion's total inventories for the quarter that ended in Dec. 2022 was $339 Mil. Altra Industrial Motion's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Dec. 2022 was $331 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Altra Industrial Motion's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-17.07.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Altra Industrial Motion's Days Inventory for the three months ended in Dec. 2022 was 101.19.
Inventory Turnover measures how fast the company turns over its inventory within a year. Altra Industrial Motion's Inventory Turnover for the quarter that ended in Dec. 2022 was 0.90.
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. Altra Industrial Motion's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.71.
The historical data trend for Altra Industrial Motion'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.
Altra Industrial Motion Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 231.20 | 222.50 | 210.40 | 267.80 | 338.90 |
Altra Industrial Motion Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Total Inventories | Get a 7-Day Free Trial | 267.80 | 308.30 | 316.10 | 323.60 | 338.90 |
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.
Altra Industrial Motion (NAS:AIMC) 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.
Altra Industrial Motion's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is
Net-Net Working Capital Per Share (Q: Dec. 2022 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (208.9 | + | 0.75 * 244.6 | + | 0.5 * 338.9 | - | 1674.2 |
- | 0 | - | 0) | / | 65.1738 | ||
= | -17.07 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Altra Industrial Motion's Days Inventory for the three months ended in Dec. 2022 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2022 ) | / | Cost of Goods Sold (Q: Dec. 2022 ) | * | Days in Period |
= | 331.25 | / | 298.7 | * | 365 / 4 | |
= | 101.19 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Altra Industrial Motion's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2022 ) | / | Average Total Inventories (Q: Dec. 2022 ) |
= | 298.7 | / | 331.25 | |
= | 0.90 |
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.
Altra Industrial Motion's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2022 ) | / | Revenue (Q: Dec. 2022 ) |
= | 331.25 | / | 469.4 | |
= | 0.71 |
* 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 Altra Industrial Motion's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
La Vonda Williams | director | 201 MONTGOMERY STREET, #751, JERSEY CITY NJ 07302 |
Haughey Nicole Parent | director | UNITED TECHNOLOGIES CORPORATION, ONE FINANCIAL PLAZA, HARTFORD CT 06101 |
Margot Hoffman | director | 6368 CHAMPIONS DRIVE, WESTERVILLE OH 43082 |
Thomas W Swidarski | director | 5995 MAYFAIR RD, P O BOX 3077, NORTH CANTON OH 44720 |
Todd Patriacca | officer: EVP, CFO and Treasurer | C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184 |
Glenn E. Deegan | officer: Chief Legal and HR Officer | C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184 |
J Scott Hall | director | 1200 ABERNATHY ROAD NE, SUITE 1200, ATLANTA GA 30328 |
Christian Storch | officer: Chief Financial Officer | C/O ALTRA INDUSTRIAL MOTION, 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184 |
Woodward James H Jr | director | 7140 OFFICE CIRCLE, EVANSVILLE IN 47716 |
Craig Schuele | officer: VP Mktg&Bus Dev (see Remarks) | C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184 |
Carl R Christenson | officer: President and COO | C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184 |
Lyle G. Ganske | director | C/O ALTRA INDUSTRIAL MOTION, INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184 |
Larry Mcpherson | director | C/O MEDICAL STAFFING NETWORK HOLDINGS, 901 YAMATO ROAD, SUITE 110, BOCA RATON FL 33431 |
Lipscomb S Michael | director | SIFCO INDUSTRIES, INC., 970 EAST 64TH STREET, CLEVELAND OH 44103 |
Patrick K Murphy | director | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
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