Mohawk Industries (Mohawk Industries) Total Inventories

: $2,552 Mil (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

Mohawk Industries's total inventories for the quarter that ended in Dec. 2023 was $2,552 Mil. Mohawk Industries's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,536 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mohawk Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-42.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mohawk Industries's Days Inventory for the three months ended in Dec. 2023 was 117.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mohawk Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.78.

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. Mohawk Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.97.

Mohawk Industries Total Inventories Historical Data

The historical data trend for Mohawk Industries'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.

Mohawk Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

2,282.33

1,913.02

2,391.67

2,793.77

2,551.85

Mohawk Industries 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															2,793.77	2,729.88	2,618.71	2,519.71	2,551.85

Mohawk Industries 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.

Mohawk Industries (NYSE:MHK) 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.

Mohawk Industries'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)
=	(642.55	+	0.75 * 1716.309	+	0.5 * 2551.853	-	5930.733
-	0	-	6.065)	/	63.686
=	-42.88

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

Mohawk Industries'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
	=	2535.781	/	1969.984	*	365 / 4
	=	117.46

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

Mohawk Industries'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 )
	=	1969.984	/	2535.781
	=	0.78

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.

Mohawk Industries'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 )
	=	2535.781	/	2612.278
	=	0.97

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.

Mohawk Industries Total Inventories Related Terms

Thank you for viewing the detailed overview of Mohawk Industries's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Mohawk Industries (Mohawk Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mohawk Industries Inc (NYSE:MHK) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

M1HK34:Brazil

Address

160 South Industrial Boulevard, Calhoun, GA, USA, 30701

Website

https://www.mohawkind.com

Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.

Executives

Suzanne L Helen	other: Possible Group Member	C/O MOHAWK INDUSTRIES INC, 2001 ANTIOCH ROAD, DALTON GA 30721
Rodney David Patton	officer: General Counsel - VP	5855 RIVERMOND DRIVE, ATLANTA GA 30328
Jeffrey S Lorberbaum	director, officer: President and CEO	MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703
Bernard Thiers	director	NESTOR DE TIERESTRAAT 128, EINE C9 9700
Harkins William Wayne Ii	officer: CAO and Corporate Controller	160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Clifford Charles Suing	officer: CAO and Corporate Controller	160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Chistopher Wellborn	director, officer: President-Dal-Tile	MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703
Jerry W Burris	director	5500 WAYZATA BLVD., SUITE 600, GOLDEN VALLEY MN 55416
James Brunk	director, officer: Corporate Controller and CAO	251 MISTY HILL TRAIL, DALLAS GA 30132
Steven Hyosig Lee	officer: CAO and Corporate Controller	160 SOUTH INDUSTRIAL BLVD, CALHOUN GA 30701
Frank H Boykin	director, officer: Vice President-Finance & CFO	2042 OLD FORGE WAY, MARIETTA GA 30068
De Cock Paul F	officer: President-Flooring NA	ALPHONSE RENARDSTRAAT 41, ELSENE C9 1050
Filip Balcaen	director	PAULINE VAN POTTELSBERGHELAAN 10, 9051 SINT-DENIJS-WESTREM, GENT C9 9051
John Engquist	director	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
Bruce Bruckmann	director	C/O MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703