Navistar International (Navistar International) Total Inventories : $1,017 Mil (As of Apr. 2021)

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What is Navistar International Total Inventories?

Navistar International's total inventories for the quarter that ended in Apr. 2021 was $1,017 Mil. Navistar International's average total inventories from the quarter that ended in Jan. 2021 to the quarter that ended in Apr. 2021 was $933 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Navistar International's Net-Net Working Capital per share for the quarter that ended in Apr. 2021 was $-77.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Navistar International's Days Inventory for the three months ended in Apr. 2021 was 49.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Navistar International's Inventory Turnover for the quarter that ended in Apr. 2021 was 1.86.

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. Navistar International's Inventory-to-Revenue for the quarter that ended in Apr. 2021 was 0.43.

Navistar International Total Inventories Historical Data

The historical data trend for Navistar 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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Navistar International Total Inventories Chart

Navistar International Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Total Inventories

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944.00

857.00

1,110.00

911.00

763.00

Navistar International Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Total Inventories	Get a 7-Day Free Trial															1,012.00	896.00	763.00	848.00	1,017.00

Navistar 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.

Navistar International (NYSE:NAV) 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.

Navistar International's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2021 is

	Net-Net Working Capital Per Share (Q: Apr. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1233	+	0.75 * 1643	+	0.5 * 1017	-	10724
-	2	-	3)	/	99.8
=	-77.71

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

Navistar International's Days Inventory for the three months ended in Apr. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2021 )	/	Cost of Goods Sold (Q: Apr. 2021 )	*	Days in Period
	=	932.5	/	1731	*	365 / 4
	=	49.16

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

Navistar International's Inventory Turnover for the quarter that ended in Apr. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2021 )	/	Average Total Inventories (Q: Apr. 2021 )
	=	1731	/	932.5
	=	1.86

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.

Navistar International's Inventory to Revenue for the quarter that ended in Apr. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2021 )	/	Revenue (Q: Apr. 2021 )
	=	932.5	/	2162
	=	0.43

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.

Navistar International Total Inventories Related Terms

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Navistar International (Navistar International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Navistar International Corp (NYSE:NAV) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

2701 Navistar Drive, Lisle, IL, USA, 60532

Website

https://www.navistar.com

Navistar International Corp is a manufacturer of medium & heavy-duty trucks, school buses, military vehicles, and diesel engines. Its operating segments are Truck, which accounts for the majority revenue; Parts; Global Operations; and Financial Services. The company manufactures Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, and student and commercial transportation markets under the International and IC brands. Its geographical segments include the United States, Brazil, Mexico, Canada, and others, of which the majority of its revenue comes from the United States.

Executives

Dennis Suskind	director	ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282
Rachesky Mark H Md	director, 10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Raymond T. Miller	director	1345 AVENUE OF THE AMERICAS, 42ND FLOOR C/O MHR FUND MANAGEMENT NEW YORK NY 10105
Persio V Lisboa	officer: EVP & Chief Operating Officer	C/O NAVISTAR INTERNATIONAL CORPORATION, 2701 NAVISTAR DRIVE, LISLE IL 60532
Jose Maria Alapont	director	5725 DELPHI DRIVE, TROY MI 48098
Andreas Renschler	director	C/O NAVISTAR INTERNATIONAL CORPORATION 2701 NAVISTAR DRIVE LISLE IL 60532
Vincent J Intrieri	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
William V Mcmenamin	officer: President Fin Serv & Treasurer	C/O NAVISTAR INTERNATIONAL CORPORATION 2701 NAVISTAR DRIVE LISLE IL 60532
Curt A Kramer	officer: SVP & General Counsel	4201 WINFIELD ROAD WARRENVILLE IL 60555
Troy A Clarke	director, officer: Chairman, President & CEO	C/O FUEL SYSTEMS SOLUTIONS, INC., 780 THIRD AVE. 25TH FLOOR, NEW YORK NY 10017
Walter G Borst	officer: EVP & Chief Financial Officer	2701 NAVISTAR DRIVE, LISLE IL 60532
Samara A Strycker	officer: SVP & Corporate Controller	2701 NAVISTAR DRIVE, LISLE IL 60532
Richard E Bond	officer: Corporate Secretary	NAVISTAR INTERNATIONAL CORPORATION 2701 NAVISTAR DRIVE LISLE IL 60532
Christian Schulz	director	C/O NAVISTAR INTERNATIONAL CORPORATION 2701 NAVISTAR DRIVE LISLE IL 60532
Daniel A Ninivaggi	director	C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153