Luna Innovations's total inventories for the quarter that ended in Sep. 2023 was $43.3 Mil. Luna Innovations's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $42.7 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Luna Innovations's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.39.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Luna Innovations's Days Inventory for the
three
months ended in Sep. 2023 was 297.75.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Luna Innovations's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.31.
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.
Luna Innovations's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.39.
Luna Innovations Total Inventories Historical Data
The historical data trend for Luna Innovations'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.
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.
Luna Innovations (NAS:LUNA) 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.
Luna Innovations's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is
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.
Luna Innovations's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as
* 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.
Luna Innovations Total Inventories Related Terms
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Luna Innovations (Luna Innovations) Business Description
Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.
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