Montrose Environmental Group (Montrose Environmental Group) Total Inventories : $3.8 Mil (As of Dec. 2023)

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What is Montrose Environmental Group Total Inventories?

Montrose Environmental Group's total inventories for the quarter that ended in Dec. 2023 was $3.8 Mil. Montrose Environmental Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $4.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Montrose Environmental Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-12.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Montrose Environmental Group's Days Inventory for the three months ended in Dec. 2023 was 3.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Montrose Environmental Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.02.

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. Montrose Environmental Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Montrose Environmental Group Total Inventories Historical Data

The historical data trend for Montrose Environmental Group'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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Montrose Environmental Group Total Inventories Chart

Montrose Environmental Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2.37

2.49

2.44

3.63

3.82

Montrose Environmental Group 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															3.63	4.07	4.89	5.04	3.82

Montrose Environmental Group 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.

Montrose Environmental Group (NYSE:MEG) 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.

Montrose Environmental Group'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)
=	(23.24	+	0.75 * 112.36	+	0.5 * 3.819	-	342.606
-	152.928	-	0)	/	30.1902
=	-12.79

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

Montrose Environmental Group'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
	=	4.427	/	101.919	*	365 / 4
	=	3.96

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

Montrose Environmental Group'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 )
	=	101.919	/	4.427
	=	23.02

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.

Montrose Environmental Group'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 )
	=	4.427	/	165.742
	=	0.03

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.

Montrose Environmental Group Total Inventories Related Terms

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Montrose Environmental Group (Montrose Environmental Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Montrose Environmental Group Inc (NYSE:MEG) » Definitions » Total Inventories

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Traded in Other Exchanges

5MO:Germany

Address

5120 Northshore Drive, North Little Rock, AR, USA, 72118

Website

https://www.montrose-env.com

Montrose Environmental Group Inc is an environmental services company. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Through its Assessment, Permitting, and Response segment, the company provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits. Measurement and Analysis include test and analysis of air, water, and soil to determine concentrations of contaminants whereas, the Remediation and Reuse segment provide clients with engineering, design, implementation, operations and maintenance services, to treat contaminated water, remove contaminants from soil or create biogas from food or agricultural waste.

Executives

Allan Dicks	officer: Chief Financial Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Janet Risi Field	director	9200 SOUTH DADELAND BOULEVARD, SUITE 800, MIAMI FL 33156
Fernandez De Castro Jose Miguel	director	TURBOCHEF TECHNOLOGIES, INC., SIX CONCOURSE PARKWAY, SUITE 1900, ATLANTA GA 30328
James K Price	director, 10 percent owner	C/O TURBOCHEF TECHNOLOGIES, INC., SUITE 1900, SIX CONCOURSE PARKWAY, ATLANTA GA 30328
J Thomas Presby	director	198 KEELER ROAD, BRIDGEWATER CT 06752
Richard E Perlman	director, 10 percent owner	C/O TURBOCHEF TECHNOLOGIES, INC., SUITE 1900, SIX CONCOURSE PARKWAY, ATLANTA GA 30328
Nasym Afsari	officer: General Counsel and Secretary	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Vijay Manthripragada	director, officer: See Remarks	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Joshua W. Lemaire	officer: Chief Operating Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Partners Ltd	10 percent owner	181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Oaktree Holdings, Ltd.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Montrose Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Ocm Montrose Ii Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Jose Revuelta	officer: Chief Strategy Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614