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Methode Electronics (Methode Electronics) Total Inventories : $204 Mil (As of Jan. 2024)


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What is Methode Electronics Total Inventories?

Methode Electronics's total inventories for the quarter that ended in Jan. 2024 was $204 Mil. Methode Electronics's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $194 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Methode Electronics's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-6.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Methode Electronics's Days Inventory for the three months ended in Jan. 2024 was 79.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Methode Electronics's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.15.

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. Methode Electronics's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.75.


Methode Electronics Total Inventories Historical Data

The historical data trend for Methode Electronics'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.

Methode Electronics Total Inventories Chart

Methode Electronics Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.70 131.00 124.20 158.50 159.70

Methode Electronics Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 175.40 159.70 175.60 183.90 204.00

Methode Electronics 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.


Methode Electronics  (NYSE:MEI) 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.

Methode Electronics's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

Net-Net Working Capital Per Share (Q: Jan. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(122.9+0.75 * 265.3+0.5 * 204-656.5
-0-0)/35.4785
=-6.56

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

Methode Electronics's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jan. 2024 )/Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=193.95/222.5*365 / 4
=79.54

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

Methode Electronics's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2024 ) / Average Total Inventories (Q: Jan. 2024 )
=222.5 / 193.95
=1.15

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.

Methode Electronics's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=193.95 / 259.5
=0.75

* 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.


Methode Electronics Total Inventories Related Terms

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Methode Electronics (Methode Electronics) Business Description

Traded in Other Exchanges
Address
8750 West Bryn Mawr Avenue, Suite 1000, Chicago, IL, USA, 60631-3518
Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized in various business segments: Automotive, Industrial, interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables and custom power-product assemblies. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions. The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury prevention.
Executives
Donald W Duda officer: President
Walter J Aspatore director 255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009
Lawrence B Skatoff director 200 SOUTH MICHIGAN AVE, CHICAGO IL 60604
Brian J Cadwallader director 5757 N GREEN BAY AVE, MILWAUKEE WI 53209
Darren Dawson director C/O METHODE ELECTRONICS, INC., 7401 WEST WILSON AVENUE, CHICAGO IL 60706
Joseph Elias Khoury officer: Vice President 7401 W. WILSON AVENUE, HARWOOD HEIGHTS IL 60706
Kerry A. Vyverberg officer: General Counsel 8750 W. BRYN MAWR AVE., SUITE 1000, CHICAGO IL 60631
Timothy Glandon officer: VP&GM NA Automotive 7401 W. WILSON AVENUE, CHICAGO IL 60706
Janie Goddard director C/O ACON - 1133 CONNECTICUT AVENUE, NW, SUITE 700, WASHINGTON DC 20036
Tsoumas Ronald L.g. officer: Controller & Treasurer 7401 W. WILSON AVE., CHICAGO IL 60706
Anil Shetty officer: VP Methode & Pres. Dabir Surf. 7401 WEST WILSON AVENUE, CHICAGO IL 60706
Kevin Michael Martin officer: Vice President, North America 8750 WEST BRYN MAWR AVENUE, SUITE 1000, CHICAGO IL 60631
Mary A Lindsey director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Therese M Bobek director 685 SKYE LN, INVERNESS IL 60010
David P Blom director 200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085