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Haynes International's total inventories for the quarter that ended in Dec. 2023 was $415.2 Mil. Haynes International's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $414.7 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Haynes International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $2.75.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Haynes International's Days Inventory for the three months ended in Dec. 2023 was 308.50.
Inventory Turnover measures how fast the company turns over its inventory within a year. Haynes International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.30.
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. Haynes International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.81.
The historical data trend for Haynes International'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.
Haynes International Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 258.80 | 246.12 | 248.50 | 357.56 | 414.08 |
Haynes International 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 | 390.54 | 397.48 | 411.70 | 414.08 | 415.23 |
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.
Haynes International (NAS:HAYN) 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.
Haynes International'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) | ||
= | (14.023 | + | 0.75 * 96.111 | + | 0.5 * 415.227 | - | 258.626 |
- | 0 | - | 0) | / | 12.783 | ||
= | 2.75 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Haynes International'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 |
= | 414.652 | / | 122.649 | * | 365 / 4 | |
= | 308.50 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Haynes International'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 ) |
= | 122.649 | / | 414.652 | |
= | 0.30 |
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.
Haynes International'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 ) |
= | 414.652 | / | 147.357 | |
= | 2.81 |
* 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.
Thank you for viewing the detailed overview of Haynes International's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Lee M Pike | officer: VP - Research and Technology | 1020 WEST PARK AVENUE, KOKOMO IN 46904 |
Susan Perry | officer: VP, HUMAN RESOURCES | 1020 WEST PARK AVENUE, KOKOMO IN 46904 |
Brian R Shelton | director | 67 GLENMOOR DRIVE, ENGLEWOOD CO 80113 |
Alicia B Masse | director | 1020 WEST PARK AVENUE, PO BOX 9013, KOKOMO IN 46904-9013 |
Scott R Pinkham | officer: V.P. - Manufacturing Planning | 1020 WEST PARK AVENUE, KOKOMO IN 46904 |
Losch Marlin C Iii | officer: V.P. - International Sales | 14634 BEACON BOULEVARD, CARMEL IN 46032 |
Van Bibber David Sean | officer: Controller, Chief Acctng Oficr | C/O HAYNES INTERNATIONAL, INC., 1020 WEST PARK AVE., P.O. BOX 9013, KOKOMO IN 46904 |
Angela Kohlheim | officer: General Counsel | 1020 WEST PARK AVENUE, P.O. BOX 9013, KOKOMO IN 46904-9013 |
Venkat Ishwar | officer: VP - Technology | 1020 WEST PARK AVENUE, KOKOMO IN 46904 |
Donald C Campion | director | 3747 LOCH BEND DR., COMMERCE MI 48382 |
Michael L Shor | director, officer: President and CEO | CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612 |
David L Strobel | officer: VP Operations | C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612 |
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Robert Getz | director | 830 THIRD AVENUE, 9TH FLOOR, NEW YORK NY 10022 |
Larry O Spencer | director | 2000 N M-63, BENTON HARBOR MI 49022 |
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