Masonite International (Masonite International) Total Inventories : $384 Mil (As of Mar. 2024)

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What is Masonite International Total Inventories?

Masonite International's total inventories for the quarter that ended in Mar. 2024 was $384 Mil. Masonite International's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $388 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Masonite International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-54.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Masonite International's Days Inventory for the three months ended in Mar. 2024 was 70.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Masonite International's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.30.

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. Masonite International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.58.

Masonite International Total Inventories Historical Data

The historical data trend for Masonite International'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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Masonite International Total Inventories Chart

Masonite International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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242.23

260.96

347.48

406.83

391.20

Masonite International 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															418.58	378.71	364.18	391.20	383.87

Masonite International 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.

Masonite International (NYSE:DOOR) 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.

Masonite International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(230.441	+	0.75 * 336.472	+	0.5 * 383.866	-	1866.664
-	0	-	9.665)	/	21.9762
=	-54.68

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

Masonite International's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	387.5325	/	502.869	*	365 / 4
	=	70.32

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

Masonite International's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	502.869	/	387.5325
	=	1.30

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.

Masonite International's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	387.5325	/	668.339
	=	0.58

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.

Masonite International Total Inventories Related Terms

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Masonite International (Masonite International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masonite International Corp (NYSE:DOOR) » Definitions » Total Inventories

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MII:Germany

Address

2771 Rutherford Road, Concord, ON, CAN, L4K 2N6

Website

http://www.masonite.com

Masonite International Corp is engaged in designing, manufacturing, marketing and distributing interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Its product categories include interior molded residential doors, interior stile and rail residential doors, exterior fibreglass residential doors, exterior steel residential doors, interior architectural wood doors, wood veneers and molded door facings and door core. The company operates its manufacturing and distribution facilities in seven countries in North America, Europe, South America and Asia.

Executives

Alexander Albert Legall	officer: See Remarks	1242 EAST 5TH AVE, TAMPA FL 33605
Jay Ira Steinfeld	director	4919 HOLLY STREET, BELLAIRE TX 77401
Catherine Anne Shellabarger	officer: VP & Chief Accounting Officer	1242 EAST 5TH AVE, TAMPA FL 33605
Robert J Byrne	director	C/O MASONITE INTERNATIONAL CORPORATION, 201 NORTH FRANKLIN ST., SUITE 300, TAMPA FL 33602
Patrick Daniel Brisley	officer: VP & Chief Accounting Officer	1242 EAST 5TH AVE, TAMPA FL 33605
Victoria Louise Philemon	officer: See Remarks	1242 EAST 5TH AVE, TAMPA FL 33605
Peter R Dachowski	director	C/O BACKYARD HOLDCO, INC., 7830 FREEWAY CIRCLE, MIDDLEBURG HEIGHTS OH 44130
James C Pelletier	other: SVP, GC & Corporate Secretary	1242 EAST 5TH AVENUE, TAMPA FL 33605
Robert Edgar Lewis	officer: See Remarks	C/O MASONITE INTERNATIONAL CORPORATION, 1242 EAST 5TH AVENUE, TAMPA FL 33602
Christopher O Ball	officer: President, Global Residential	1242 EAST 5TH AVENUE, TAMPA FL 33605
Francis M Scricco	director	C/O AVAYA INC., 211 MOUNT AIRY ROAD, BASKING RIDGE NJ 07920
Barry A. Ruffalo	director	ASTEC INDUSTRIES, INC., 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Jonathan F Foster	director	777 THIRD AVE, 30TH FL, NEW YORK NY 10017
Randal Alan White	officer: See Remarks	C/O MASONITE INTERNATIONAL CORPORATION, 201 N. FRANKLIN STREET, SUITE 300, TAMPA FL 33602
John H. Chuang	director	711 BOYLSTON STREET, BOSTON MA 02445