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Aerojet Rocketdyne Holdings's total inventories for the quarter that ended in Mar. 2023 was $18 Mil. Aerojet Rocketdyne Holdings's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was $17 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aerojet Rocketdyne Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-16.43.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aerojet Rocketdyne Holdings's Days Inventory for the three months ended in Mar. 2023 was 3.18.
Inventory Turnover measures how fast the company turns over its inventory within a year. Aerojet Rocketdyne Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 was 28.72.
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. Aerojet Rocketdyne Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.03.
The historical data trend for Aerojet Rocketdyne Holdings'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.
Aerojet Rocketdyne Holdings Annual Data | |||||||||||||||||||||
Trend | Nov13 | Nov14 | Nov15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 14.90 | 24.00 | 10.00 | 10.00 | 15.80 |
Aerojet Rocketdyne Holdings Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Total Inventories | Get a 7-Day Free Trial | 11.10 | 11.80 | 13.30 | 15.80 | 18.20 |
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.
Aerojet Rocketdyne Holdings (NYSE:AJRD) 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.
Aerojet Rocketdyne Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is
Net-Net Working Capital Per Share (Q: Mar. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (283.7 | + | 0.75 * 177.4 | + | 0.5 * 18.2 | - | 1750.2 |
- | 0 | - | 0) | / | 80.6 | ||
= | -16.43 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Aerojet Rocketdyne Holdings's Days Inventory for the three months ended in Mar. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2023 ) | / | Cost of Goods Sold (Q: Mar. 2023 ) | * | Days in Period |
= | 17 | / | 488.2 | * | 365 / 4 | |
= | 3.18 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Aerojet Rocketdyne Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2023 ) | / | Average Total Inventories (Q: Mar. 2023 ) |
= | 488.2 | / | 17 | |
= | 28.72 |
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.
Aerojet Rocketdyne Holdings's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2023 ) | / | Revenue (Q: Mar. 2023 ) |
= | 17 | / | 566.3 | |
= | 0.03 |
* 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 Aerojet Rocketdyne Holdings's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph E. Chontos | officer: See Remarks | 222 N. PACIFIC COAST HIGHWAY, SEGUNDO CA 90245 |
Kevin P. Chilton | director | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Lance W Lord | director | 1110 TRUMPETERS COURT, MONUMENT CO 80132 |
Eileen P. Drake | director, officer: CEO and President | C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012 |
Marion C Blakey | director | C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188 |
Deborah L James | director | 1710 SAIC DRIVE, MCLEAN VA 22102 |
Gail Baker | director | C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE SUITE 1000, ARLINGTON VA 22202 |
Daniel L. Boehle | officer: CFO, VP and Controller | C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. SEPULVEDA BOULEVARD, SUITE 500, EL SEGUNDO CA 90245 |
Warren G Lichtenstein | director, officer: Executive Chairman | C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Arjun Kampani | officer: VP, Gen Counsel and Secretary | C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742 |
John D. Schumacher | officer: SVP, Washington Operations | C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012 |
Amy L Gowder | officer: Chief Operating Officer | AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245 |
Audrey A. Mcniff | director | C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245 |
Thomas A Corcoran | director | 3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014 |
Martin Turchin | director | CB RICHARD ELLIS, 200 PARK AVENUE, NEW YOK NY 10166 |
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