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Holley (Holley) Total Inventories : $184.0 Mil (As of Mar. 2024)


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What is Holley Total Inventories?

Holley's total inventories for the quarter that ended in Mar. 2024 was $184.0 Mil. Holley's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $188.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Holley's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-4.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Holley's Days Inventory for the three months ended in Mar. 2024 was 161.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Holley's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

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. Holley's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.19.


Holley Total Inventories Historical Data

The historical data trend for Holley'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.

Holley Total Inventories Chart

Holley Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
- 133.93 185.04 233.57 192.26

Holley Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 229.05 217.50 207.16 192.26 184.02

Holley 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.


Holley  (NYSE:HLLY) 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.

Holley'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)
=(41.127+0.75 * 48.721+0.5 * 184.016-746.819
-0-0)/118.311
=-4.88

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

Holley'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
=188.138/106.577*365 / 4
=161.08

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

Holley'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 )
=106.577 / 188.138
=0.57

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.

Holley'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 )
=188.138 / 158.636
=1.19

* 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.


Holley Total Inventories Related Terms

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Holley (Holley) Business Description

Traded in Other Exchanges
Address
1801 Russellville Road, Bowling Green, KY, USA, 42101
Holley Inc is a designer, marketer, and manufacturer of high-performance automotive aftermarket products, featuring a portfolio of iconic brands serving the car and truck industry. It offers a diversified line of performance automotive products including fuel injection systems, tuners, exhaust products, carburetors, safety equipment and various other performance automotive products. The company's brands include Holley, APR, MSD and Flowmaster, among others. It derives revenue from the U.S. and Italy, of which prime revenue is derived from the U.S.
Executives
Matthew Stevenson director, officer: President and CEO 150 PEABODY PLACE, M.S. LEGL-0008, MEMPHIS TN 38103
Ginger M Jones director 55 JEWELERS PARK DRIVE, NEENAH WI 54956
James D. Coady director, 10 percent owner C/O SENTINEL CAPITAL PARTNERS, L.L.C., 330 MADISON AVENUE, 27TH FLOOR, NEW YORK CITY NY 10017
Owen Basham director, 10 percent owner C/O SENTINEL CAPITAL PARTNERS, L.L.C., 330 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10017
David S Lobel director, 10 percent owner C/O SENTINEL CAPITAL PARTNERS II, 777 THIRD AVE. 32ND FL, NEW YORK NY 10017
Midocean Partners V, L.p. 10 percent owner C/O MIDOCEAN PARTNERS, 320 PARK AVENUE, SUITE 1600, NEW YORK NY 10022
Graham Clempson director, officer: President and Director C/O MIDOCEAN PARTNERS, 245 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10167
Jesse Weaver officer: Chief Financial Officer 1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Brian Appelgate officer: Interm Chief Operating Officer 1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Dominic Bardos officer: Chief Financial Officer 1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Thomas W Tomlinson director, officer: Chief Executive Officer 1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Anita Sehgal director 817 MAXWELL AVENUE, EVANSVILLE IN 47711
Carly Kennedy officer: EVP & General Counsel 1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Matthew E Rubel director 3231 SE SIXTH AVENUE, TOPEKA KS 66607
Gina L Bianchini director 312 WALNUT STREET, SUITE 1800, CINCINNATI OH 45202