Albany International (Albany International) Total Inventories : $170 Mil (As of Dec. 2023)

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What is Albany International Total Inventories?

Albany International's total inventories for the quarter that ended in Dec. 2023 was $170 Mil. Albany International's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $175 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Albany International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-13.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Albany International's Days Inventory for the three months ended in Dec. 2023 was 78.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Albany International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.16.

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. Albany International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.54.

Albany International Total Inventories Historical Data

The historical data trend for Albany 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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Albany International Total Inventories Chart

Albany International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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95.15

110.48

117.88

139.05

169.57

Albany International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															139.05	153.78	151.36	180.99	169.57

Albany 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.

Albany International (NYSE:AIN) 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.

Albany International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(173.42	+	0.75 * 272.351	+	0.5 * 169.567	-	867.694
-	0	-	5.952)	/	31.1951
=	-13.18

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

Albany International's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	175.279	/	203.723	*	365 / 4
	=	78.51

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

Albany International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	203.723	/	175.279
	=	1.16

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.

Albany International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	175.279	/	323.584
	=	0.54

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.

Albany International Total Inventories Related Terms

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Albany International (Albany International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Albany International Corp (NYSE:AIN) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

AII:Germany

Address

216 Airport Drive, Rochester, NH, USA, 03867

Website

https://www.albint.com

Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.

Executives

Gunnar Kleveland	director, officer: President and CEO	C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Robert Alan Hansen	officer: Senior Vice President & CTO	C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
John J Tedone	officer: VP - Controller & CAO	501 DUNN ROAD, COVENTRY CT 06238
Robert D. Starr	officer: CFO & Treasurer	10 STOCKBRIDGE DRIVE, AVON CT 06001
Elisabeth Indriani	officer: CAO & Corporate Controller	C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
John Michael Mcquade	director	C/O ALBANY INTERNATIONAL CORP, 216 AIRPORT DRIVE, ROCHESTER NH 03867
Katharine Plourde	director	120 EAST END AVE, NEW YORK NY 10028
Erland E Kailbourne	director	C/O RAND CAPITAL CORP, 2200 RAND BUILDING, BUFFFALO NY 14203
Russell Toney	director	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Christina M Alvord	director	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Daniel A Halftermeyer	officer: President, MC	C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Christine L Standish	director	C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
David M Pawlick	officer: Vice President-Controller	C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Alice Mccarvill	officer: Exec VP Human Resources	C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Gregory N Harwell	officer: President- AEC	C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867