GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Apogee Enterprises Inc (NAS:APOG) » Definitions » Total Inventories

Apogee Enterprises (Apogee Enterprises) Total Inventories : $70 Mil (As of Nov. 2023)


View and export this data going back to 1973. Start your Free Trial

What is Apogee Enterprises Total Inventories?

Apogee Enterprises's total inventories for the quarter that ended in Nov. 2023 was $70 Mil. Apogee Enterprises's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was $72 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Apogee Enterprises's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-13.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apogee Enterprises's Days Inventory for the three months ended in Nov. 2023 was 26.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Apogee Enterprises's Inventory Turnover for the quarter that ended in Nov. 2023 was 3.49.

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. Apogee Enterprises's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.21.


Apogee Enterprises Total Inventories Historical Data

The historical data trend for Apogee Enterprises'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.

Apogee Enterprises Total Inventories Chart

Apogee Enterprises Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.34 71.09 72.82 80.49 78.44

Apogee Enterprises Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.03 78.44 80.58 72.78 70.27

Apogee Enterprises 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.


Apogee Enterprises  (NAS:APOG) 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.

Apogee Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

Net-Net Working Capital Per Share (Q: Nov. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(23.407+0.75 * 113.016+0.5 * 70.267-439.124
-0-0)/22.0851
=-13.39

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

Apogee Enterprises's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Nov. 2023 )/Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=71.521/249.409*365 / 4
=26.17

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

Apogee Enterprises's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Nov. 2023 ) / Average Total Inventories (Q: Nov. 2023 )
=249.409 / 71.521
=3.49

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.

Apogee Enterprises's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2023 ) / Revenue (Q: Nov. 2023 )
=71.521 / 339.714
=0.21

* 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.


Apogee Enterprises Total Inventories Related Terms

Thank you for viewing the detailed overview of Apogee Enterprises's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Apogee Enterprises (Apogee Enterprises) Business Description

Traded in Other Exchanges
Address
4400 West 78th Street, Suite 520, Minneapolis, MN, USA, 55435
Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.
Executives
Curtis John Dobler officer: SVP & CHRO 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Jane Marie Boyce officer: President, Large Scale Optical 4400 W 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Brent C Jewell officer: Sr VP Business Dev & Strategy 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Meghan Marie Elliott officer: Vice Pres, Gen Counsel, Secy C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Matthew J Osberg officer: EVP and CFO 1 HELEN OF TROY PLAZA, EL PASO TX 79912
Gary R Johnson officer: Treasurer & Vice President
Mark Richard Augdahl officer: VP, Finance & Corp Controller 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Herbert K Parker director 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Troy R Johnson officer: Pres, Architectural Services C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Nicholas Charles Longman officer: Pres, Architectural Glass C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Ty R Silberhorn director, officer: Chief Executive Officer & Pres 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Bernard P Aldrich director 7725 WASHINGTON AVENUE SOUTH, MINNEAPOLIS MN 55439
Joseph F. Puishys director, officer: Chief Executive Officer & Pres 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Maureen Ann Hayes officer: Chief Information Officer 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Nisheet Gupta officer: EVP and CFO C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435