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Iteris (Iteris) Total Inventories : $11.5 Mil (As of Dec. 2023)


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What is Iteris Total Inventories?

Iteris's total inventories for the quarter that ended in Dec. 2023 was $11.5 Mil. Iteris's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $11.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Iteris's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iteris's Days Inventory for the three months ended in Dec. 2023 was 38.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Iteris's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.39.

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. Iteris's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.


Iteris Total Inventories Historical Data

The historical data trend for Iteris'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.

Iteris Total Inventories Chart

Iteris Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.92 3.04 5.07 7.98 10.84

Iteris 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 12.48 10.84 11.53 10.78 11.46

Iteris 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.


Iteris  (NAS:ITI) 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.

Iteris'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)
=(21.185+0.75 * 24.859+0.5 * 11.456-49.03
-0-0)/42.642
=-0.08

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

Iteris'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
=11.1185/26.58*365 / 4
=38.17

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

Iteris'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 )
=26.58 / 11.1185
=2.39

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.

Iteris'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 )
=11.1185 / 42.129
=0.26

* 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.


Iteris Total Inventories Related Terms

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Iteris (Iteris) Business Description

Traded in Other Exchanges
Address
1250 S. Capital of Texas Highway, Austin, TX, USA, 78746
Iteris Inc is a provider of smart mobility infrastructure management solutions. Its solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services. The company's cloud-enabled end-to-end solutions help public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers monitor, visualize, and optimize mobility infrastructure to make mobility safe, efficient,and sustainable for everyone. The software solutions include ClearGuide, ClearRoute, Commercial Vehicle Operations, BlueArgus, TrafficCarma,and others.
Executives
Todd Kreter officer: Vice President 1700 CARNEGIE AVE, SANTA ANA CA 92705
Andrew Wiener 10 percent owner C/O SAMJO CAPITAL, LLC, 1345 AVENUE OF THE AMERICAS, 3RD FLOOR, NEW YORK NY 10105
Samjo Management, Llc 10 percent owner 880 THIRD AVENUE, 16TH FLOOR, NEW YORK NY 10022
Gary Hall director C/O ITERIS, INC., 1250 S. CAPITAL OF TEXAS HWY, STE 330, AUSTIN TX 78746
Kimberly Valentine-poska director C/O ITERIS, INC., 1250 S. CAPITAL OF TEXAS HWY, STE 330, AUSTIN TX 78746
Kerry A Shiba officer: SVP and CFO 5847 SAN FELIPE SUITE 2500, HOUSTON TX 77057
William M. Cousins officer: SVP and Chief Product Officer C/O ITERIS, INC., 1250 S. CAPITAL OF TEXAS HWY, BLDG.1, AUSTIN TX 78746
Douglas L Groves officer: Senior Vice President & CFO ITERIS, INC., 1700 CARNEGIE AVE SUITE 100, SANTA ANA CA 92705
J. Joseph Bergera officer: President and CEO 1700 CARNEGIE AVENUE, SUITE 100, SANTA ANA CA 92705
Tom Thomas director
Ramin M Massoumi officer: Sr. Vice President 1700 CARNEGIE AVE., SUITE 100, SANTA ANA CA 92705
Gerard Mooney director 1700 CARNEGIE AVE, SANTA ANA CA 92705
Lucas P Schneider director 968 ALBANY SHAKER ROAD, LATHAM X1 12110
Anjali Joshi director
Dennis W Zank director ITERIS, INC., 1700 CARNEGIE AVE SUITE 100, SANTA ANA CA 92705