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FLIR Systems (FLIR Systems) Total Inventories : $457 Mil (As of Mar. 2021)


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What is FLIR Systems Total Inventories?

FLIR Systems's total inventories for the quarter that ended in Mar. 2021 was $457 Mil. FLIR Systems's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Mar. 2021 was $465 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FLIR Systems's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $-3.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FLIR Systems's Days Inventory for the three months ended in Mar. 2021 was 164.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. FLIR Systems's Inventory Turnover for the quarter that ended in Mar. 2021 was 0.56.

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. FLIR Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.99.


FLIR Systems Total Inventories Historical Data

The historical data trend for FLIR Systems'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.

* Premium members only.

FLIR Systems Total Inventories Chart

FLIR Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 371.37 372.18 352.11 388.76 472.24

FLIR Systems Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 397.53 433.91 474.85 472.24 457.01

FLIR Systems 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.


FLIR Systems  (NAS:FLIR) 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.

FLIR Systems's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 is

Net-Net Working Capital Per Share (Q: Mar. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(277.303+0.75 * 391.331+0.5 * 457.007-1318.928
-0-0)/131.368
=-3.96

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

FLIR Systems's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2021 )/Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=464.622/258.115*365 / 4
=164.26

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

FLIR Systems's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2021 ) / Average Total Inventories (Q: Mar. 2021 )
=258.115 / 464.622
=0.56

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.

FLIR Systems's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2021 ) / Revenue (Q: Mar. 2021 )
=464.622 / 467.313
=0.99

* 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.


FLIR Systems Total Inventories Related Terms

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FLIR Systems (FLIR Systems) Business Description

Traded in Other Exchanges
N/A
Address
27700 SW Parkway Avenue, Wilsonville, OR, USA, 97070
FLIR Systems Inc designs, develops, markets, and distributes technologies that detect people, objects, and substances. The company's two business units are Industrial Technologies and Defense Technologies segment. The Industrial Technologies segment develops components used to create thermal, industrial, and other imaging systems. The Defense Technologies unit develops imaging and recognition solutions for military, law enforcement, and other government customers. The company operates around the world, with a significant portion of revenue coming from the United States.
Executives
John D Carter director 17575 LITTLE RIVER DRIVE, BEND OR 97707
James J Cannon officer: President and CEO 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Sonia Galindo officer: Sr VP, General Counsel and Sec C/O ROSETTA STONE, 1621 NORTH KENT STREET, SUITE 1200, ARLINGTON VA 22209
Travis Barton Johnson officer: VP, Controller & CAO 41789 IVY GLEN COURT, ASHBURN VA 20148
Paula M. Cooney officer: SVP and CHRO 1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
William Wright Crouch director 27700 SW PARKWAY AVENUE WILSONVILLE OR 97070
Carol P Lowe officer: Exec VP, Finance and CFO 4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
Steven E Wynne director 27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070
Angus L Macdonald director 27700 SW PARKWAY AVENUE WILSONVILLE OR 97070
Earl R Lewis director C/O NXSTAGE MEDICAL INC. (NXTM), 439 SOUTH UNION STREET, 5TH FLOOR, LAWRENCE MA 01843
Jeffrey Frank officer: Sr VP, Global Product Strategy 27700 SW PARKWAY AVE WILSONVILLE OR 97070
Wood John W Jr director C/O ANALOGIC, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Cathy A Stauffer director
Robert S Tyrer director EDO CORP 60 EAST 42ND STR 42ND FL NEW YORK NY 10165
Michael T Smith director 190 NW SPANISH RIVER BOULEVARD, SUITE 101, BOCA RATON FL 33431

FLIR Systems (FLIR Systems) Headlines

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