Acuity Brands (Acuity Brands) Total Inventories : $376 Mil (As of Feb. 2024)

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What is Acuity Brands Total Inventories?

Acuity Brands's total inventories for the quarter that ended in Feb. 2024 was $376 Mil. Acuity Brands's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was $371 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Acuity Brands's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-7.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Acuity Brands's Days Inventory for the three months ended in Feb. 2024 was 68.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acuity Brands's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.33.

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. Acuity Brands's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.41.

Acuity Brands Total Inventories Historical Data

The historical data trend for Acuity Brands'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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Acuity Brands Total Inventories Chart

Acuity Brands Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Inventories

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340.80

320.10

398.70

485.70

368.50

Acuity Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															436.40	400.50	368.50	365.30	375.80

Acuity Brands 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.

Acuity Brands (NYSE:AYI) 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.

Acuity Brands's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(578.9	+	0.75 * 494.9	+	0.5 * 375.8	-	1376.2
-	0	-	0)	/	30.9
=	-7.71

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

Acuity Brands's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	370.55	/	493.5	*	365 / 4
	=	68.52

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

Acuity Brands's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	493.5	/	370.55
	=	1.33

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.

Acuity Brands's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	370.55	/	905.9
	=	0.41

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.

Acuity Brands Total Inventories Related Terms

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Acuity Brands (Acuity Brands) Business Description

Industry

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Traded in Other Exchanges

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Address

1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, USA, 30309

Website

https://www.acuitybrands.com

Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.

Executives

Dianne B Mills	officer: SVP & Chief HR Officer	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Barry R Goldman	officer: SVP & General Counsel	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 30309
Laura O'shaughnessy	director	C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Karen J Holcom	officer: Interim CFO	1170 PEACHTREE STREET, NE, SUITE 2400, ATLANTA GA 30309
Michael J Bender	director	3980 BAUGHMAN GRANT ROAD, NEW ALBANY OH 43054
Marcia J Avedon	director	C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Mark Sachleben	director	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012
Maya Leibman	director	4333 AMON CARTER BLVD, FORT WORTH TX 76155
Neil Ashe	director, officer: President & CEO	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Robert F Mccullough	director	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309
Ray M Robinson	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Dillard George Douglas Jr	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
W. Patrick Battle	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA X1 30309