GURUFOCUS.COM » STOCK LIST » Industrials » Construction » TopBuild Corp (NYSE:BLD) » Definitions » Total Inventories

TopBuild (TopBuild) Total Inventories : $365 Mil (As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is TopBuild Total Inventories?

TopBuild's total inventories for the quarter that ended in Dec. 2023 was $365 Mil. TopBuild's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $361 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. TopBuild's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-30.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TopBuild's Days Inventory for the three months ended in Dec. 2023 was 36.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. TopBuild's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.48.

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. TopBuild's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.


TopBuild Total Inventories Historical Data

The historical data trend for TopBuild'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.

TopBuild Total Inventories Chart

TopBuild Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 149.08 161.37 352.80 438.64 364.73

TopBuild 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 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 438.64 422.23 385.05 357.18 364.73

TopBuild 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.


TopBuild  (NYSE:BLD) 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.

TopBuild'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)
=(848.565+0.75 * 799.009+0.5 * 364.731-2599.196
-0-0)/31.776
=-30.49

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

TopBuild'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
=360.955/894.958*365 / 4
=36.80

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

TopBuild'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 )
=894.958 / 360.955
=2.48

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.

TopBuild'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 )
=360.955 / 1286.074
=0.28

* 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.


TopBuild Total Inventories Related Terms

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


TopBuild (TopBuild) Business Description

Traded in Other Exchanges
Address
475 North Williamson Boulevard, Daytona Beach, FL, USA, 32114
TopBuild Corp is an installer and distributor of insulation products. Its operating segments involve the Installation and Specialty Distribution segment. The installation segment provides insulation installation services nationwide through contractor services business. Speciality Distribution segment distributes building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets. The majority of revenue is earned from the installation segment. Its main customers are contractors. Other products include gutters, after-paint, garage doors, fireplaces, and fireproofing and stopping. TopBuild operates primarily in the United States.
Executives
Robert M Buck officer: President & COO 260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Luis Francisco Machado officer: VP, Gen. Counsel, Corp Sec. 1142 W. BEARDSLEY AVENUE, ELKHART IN 46514
Steven P Raia officer: President, TruTeam Operations 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Robert Jeffrey Franklin officer: President, Service Partners 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Tina Donikowski director 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Joey M Viselli officer: Vice President and COO 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Deirdre Drake director 8410 W. BRYN MAWR AVE, CHICAGO IL 60631
Carrie Gamble Wood officer: Chief Accounting Officer 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
John S. Peterson officer: VP & CFO 260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Ernesto Iii Bautista director 575 N DAIRY ASHFORD, SUITE 300, HOUSTON TX 77079
Carl T Camden director 999 WEST BIG BEAVER ROAD, TROY MI 48084
Alec C Covington director C/O NASH FINCH COMPANY, 7600 FRANCE AVENUE SOUTH, MINNEAPOLIS MN 55435
Nancy M Taylor director TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Mark A Petrarca director A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Robert M Kuhns officer: Vice President, Controller C/O TOPBUILD CORP., 475 NORTH WILLIAMSON BLVD., DAYTONA BEACH FL 32114