Insteel Industries (Insteel Industries) Total Inventories : $92.5 Mil (As of Mar. 2024)

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What is Insteel Industries Total Inventories?

Insteel Industries's total inventories for the quarter that ended in Mar. 2024 was $92.5 Mil. Insteel Industries's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $93.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Insteel Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $5.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Insteel Industries's Days Inventory for the three months ended in Mar. 2024 was 76.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Insteel Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.20.

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. Insteel Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.73.

Insteel Industries Total Inventories Historical Data

The historical data trend for Insteel Industries'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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Insteel Industries Total Inventories Chart

Insteel Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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70.85

68.96

79.05

197.65

103.31

Insteel Industries 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															136.49	133.13	103.31	94.14	92.53

Insteel Industries 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.

Insteel Industries (NYSE:IIIN) 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.

Insteel Industries'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)
=	(83.945	+	0.75 * 55.549	+	0.5 * 92.53	-	56.606
-	0	-	0)	/	19.467
=	5.92

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

Insteel Industries'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
	=	93.336	/	111.679	*	365 / 4
	=	76.26

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

Insteel Industries'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 )
	=	111.679	/	93.336
	=	1.20

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.

Insteel Industries'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 )
	=	93.336	/	127.394
	=	0.73

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.

Insteel Industries Total Inventories Related Terms

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Insteel Industries (Insteel Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Insteel Industries Inc (NYSE:IIIN) » Definitions » Total Inventories

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Traded in Other Exchanges

HZ8:Germany

Address

1373 Boggs Drive, Mount Airy, NC, USA, 27030

Website

https://www.insteel.com

Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures and markets PC strand and welded wire reinforcement, including ESM, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Its concrete reinforcing products consist of two product lines: PC strand and WWR. Insteel generates its geographical revenue from the United States.

Executives

James F Petelle	officer: Vice President	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Richard Wagner	officer: Vice President	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Elizabeth Carroll Southern	officer: Vice President-Administration	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Patrick K. Griffin	officer: Controller and CAO	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Scot R Jafroodi	officer: Chief Accounting Officer	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Woltz H O Iii	director, officer: President and CEO	1373 BOGGS DR, MT AIRY NC 27030
James R. York	officer: Senior Vice President	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Mark A Carano	officer: Vice President and CFO	13024 BALLANTYNE CORPORATE PLACE, #700, CHARLOTTE NC 28277
Joseph A Rutkowski	director	2100 REXFORD RD, CHARLOTTE NC 28211
Jon M Ruth	director	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
G Kennedy Thompson	director	3000 HANOVER STREET, PALO ALTO CA 94304
Anne H Lloyd	director
Michael C Gazmarian	officer: Treasurer	1373 BOGGS DR, MT AIRY NC 27030
Charles B Newsome	director	1373 BOGGS DR, MT AIRY NC 27030
Rogers W Allen Ii	director	1373 BOGGS DR, MT AIRY NC 27030