Allegiant Travel Co (Allegiant Travel Co) Total Inventories

: $36 Mil (As of Dec. 2023)

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Allegiant Travel Co's total inventories for the quarter that ended in Dec. 2023 was $36 Mil. Allegiant Travel Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $37 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Allegiant Travel Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-145.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Allegiant Travel Co's Days Inventory for the three months ended in Dec. 2023 was 6.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Allegiant Travel Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 13.93.

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. Allegiant Travel Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Allegiant Travel Co Total Inventories Historical Data

The historical data trend for Allegiant Travel Co'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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Allegiant Travel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

28.38

24.01

27.50

35.55

36.34

Allegiant Travel Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																35.55	35.09	34.57	38.38	36.34

Allegiant Travel Co 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.

Allegiant Travel Co (NAS:ALGT) 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.

Allegiant Travel Co'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)
=	(814.673	+	0.75 * 70.743	+	0.5 * 36.335	-	3540.85
-	0	-	0)	/	18.2691
=	-145.32

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

Allegiant Travel Co'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
	=	37.358	/	520.478	*	365 / 4
	=	6.55

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

Allegiant Travel Co'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 )
	=	520.478	/	37.358
	=	13.93

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.

Allegiant Travel Co'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 )
	=	37.358	/	611.002
	=	0.06

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.

Allegiant Travel Co Total Inventories Related Terms

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Allegiant Travel Co (Allegiant Travel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Allegiant Travel Co (NAS:ALGT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

1201 North Town Center Drive, Las Vegas, NV, USA, 89144

Website

https://www.allegiant.com

Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airline. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

Executives

Scott Wayne Deangelo	officer: EVP, Marketing	1201 N TOWN CENTER DRIVE, LAS VEGAS NV 89144
Keny Frank Wilper	officer: Interim COO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Gary Ellmer	director	448 LANG ROAD, PORTSMOUTH NH 03801
Gregory Clark Anderson	officer: Chief Accounting Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Wilson Robert Paul Iii	officer: EVP and CIO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Drew Allen Wells	officer: SVP, Chief Revenue Officer	1201 N. TOWN CENTER DRIVE, LAS VEGAS NV 89144
Scott Sheldon	officer: Principal Accounting Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Robert James Neal	officer: CFO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Gallagher Maurice J Jr	director, 10 percent owner, officer: CEO and President	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Rebecca Aretos	officer: Principal Accounting Officer	1201 N. TOWN CENTER DRIVE., LAS VEGAS NV 89144
Sandra Douglass Morgan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John Redmond	director	1201 N. TOWN CENTER DRIVE, LAS VEGAS NV 89144
Linda A Marvin	officer: CFO and Managing Director	9057 WATERFIELD COURT, LAS VEGAS NV 89134
Charles W. Pollard	director	50 CRESCENT AVENUE, SECOND CLIFF, SCITUATE MA 02066
Jude Bricker	officer: SVP - Planning	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144