Esterline Technologies (Esterline Technologies) Total Inventories : $452 Mil (As of Dec. 2018)

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What is Esterline Technologies Total Inventories?

Esterline Technologies's total inventories for the quarter that ended in Dec. 2018 was $452 Mil. Esterline Technologies's average total inventories from the quarter that ended in Sep. 2018 to the quarter that ended in Dec. 2018 was $455 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Esterline Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-8.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Esterline Technologies's Days Inventory for the three months ended in Dec. 2018 was 130.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Esterline Technologies's Inventory Turnover for the quarter that ended in Dec. 2018 was 0.70.

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. Esterline Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.94.

Esterline Technologies Total Inventories Historical Data

The historical data trend for Esterline Technologies'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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Esterline Technologies Total Inventories Chart

Esterline Technologies Annual Data

Trend

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Sep15

Sep16

Sep17

Sep18

Total Inventories

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433.60

446.77

447.10

477.97

457.23

Esterline Technologies Quarterly Data
	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Total Inventories	Get a 7-Day Free Trial															496.57	491.07	479.49	457.23	452.19

Esterline Technologies 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.

Esterline Technologies (NYSE:ESL) 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.

Esterline Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 is

	Net-Net Working Capital Per Share (Q: Dec. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(391.182	+	0.75 * 384.617	+	0.5 * 452.19	-	1159.875
-	0	-	11.134)	/	29.6844
=	-8.94

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

Esterline Technologies's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	454.708	/	318.857	*	365 / 4
	=	130.13

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

Esterline Technologies's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2018 )	/	Average Total Inventories (Q: Dec. 2018 )
	=	318.857	/	454.708
	=	0.70

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.

Esterline Technologies's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	454.708	/	484.987
	=	0.94

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.

Esterline Technologies Total Inventories Related Terms

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Esterline Technologies (Esterline Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Esterline Technologies Corp (NYSE:ESL) » Definitions » Total Inventories

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Address

500, 108th Avenue North East, Suite 1500, Bellevue, WA, USA, 98004

Website

http://www.esterline.com

Esterline Technologies Corp is a specialized manufacturing company serving aerospace and defense markets. It designs, produces, and markets engineered products and systems. The company operates in three technology segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. Its products have been implemented into military and commercial aircraft and land-based platforms. Additional sales result from aftermarket repairs and spare parts for existing systems. Esterline has worldwide sales and distribution channels and will try to strengthen customer relationships by targeting specific segments. Approximately half of its revenue is derived from the United States. The remainder of sales come from Canada, France, United Kingdom, and other smaller regions.

Executives

Stephen M Nolan	officer: Executive VP, CFO	1300 WILSON BOULEVARD, SUITE 400, ARLINGTON VA 22209
Donald E. Walther	officer: Executive VP, General Counsel	500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004
Mary L Howell	director	1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004
Curtis C Reusser	director, officer: Chairman, President & CEO	C/O GOODRICH CORPORATION, 850 LAGOON DRIVE, CHULA VISTA CA 91910
Scott Ernest Kuechle	director	C/O GOODRICH CORPORATION, 2730 WEST TYVOLA ROAD, CHARLOTTE NC 28217
Michael J Covey	director	C/O POTLATCH CORPORATION, 601 W FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Michael J Cave	director	C/O ESTERLINE TECHNOLOGIES CORP, 500 108TH AVE NE, SUITE 1500, BELLEVUE WA 98004
Steven T Romick	10 percent owner	11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064
Mark Landecker	10 percent owner	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
J Richard Atwood	10 percent owner
Brian A. Selmo	10 percent owner	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
Gary E Pruitt	director	701 WESTERN AVENUE, GLENDALE CA 91201
Winship Henry Ward Iv	director	PO BOX 8614, RANCHO SANTA FE CA 92067
Jerry D Leitman	director
Richard Bradley Lawrence	director, officer: Executive Chairman	500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004