Headwaters (Headwaters) Total Inventories : $90 Mil (As of Mar. 2017)

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What is Headwaters Total Inventories?

Headwaters's total inventories for the quarter that ended in Mar. 2017 was $90 Mil. Headwaters's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Mar. 2017 was $85 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Headwaters's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was $-9.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Headwaters's Days Inventory for the three months ended in Mar. 2017 was 41.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Headwaters's Inventory Turnover for the quarter that ended in Mar. 2017 was 2.21.

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. Headwaters's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.33.

Headwaters Total Inventories Historical Data

The historical data trend for Headwaters'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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Headwaters Total Inventories Chart

Headwaters Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Total Inventories

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31.59

37.38

50.63

55.07

72.67

Headwaters Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Total Inventories	Get a 7-Day Free Trial															66.08	65.68	72.67	80.47	90.00

Headwaters 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.

Headwaters (NYSE:HW) 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.

Headwaters's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 is

	Net-Net Working Capital Per Share (Q: Mar. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(58.128	+	0.75 * 133.725	+	0.5 * 89.997	-	921.633
-	0	-	0)	/	74.875
=	-9.59

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

Headwaters's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2017 )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
	=	85.2315	/	188.786	*	365 / 4
	=	41.20

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

Headwaters's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2017 )	/	Average Total Inventories (Q: Mar. 2017 )
	=	188.786	/	85.2315
	=	2.21

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.

Headwaters's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	85.2315	/	259.293
	=	0.33

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.

Headwaters Total Inventories Related Terms

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Headwaters (Headwaters) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Headwaters Inc (NYSE:HW) » Definitions » Total Inventories

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Address

Website

http://www.headwaters.com

Headwaters is a manufacturer of building products for the residential construction, residential remodelling, commercial, and industrial construction industries. The range of products includes architectural stone, resin-based exterior-siding accessories, roofing, trim board, decking, railing, concrete block and brick, windows, and other building products. Headwaters sells its products to wholesale distributors in the United States or big-box stores, as well as through an in-house direct salesforce.

Executives

Donald P Newman	officer: Chief Financial Officer	224 S 108TH AVENUE, OMAHA NE 68154
Sylvia Summers	director	200 FLYNN ROAD, CAMARILLO CA 93012
Malyn K Malquist	director	10653 S. RIVER FRONT PARKWAY, SUITE 300, SOUTH JORDAN UT 84095
Ej Jake Garn	director	10653 SOUTH RIVER FRONT PARKWAY, SUITE 300, SOUTH JORDAN UT 84095
Scott K Sorensen	officer: Chief Financial Officer	10653 S. RIVER FRONT PARKWAY, SUITE 300, SOUTH JORDAN UT 84095