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MSAfety (MSAfety) Total Inventories : $293 Mil (As of Dec. 2023)


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What is MSAfety Total Inventories?

MSAfety's total inventories for the quarter that ended in Dec. 2023 was $293 Mil. MSAfety's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $308 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MSAfety's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-17.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MSAfety's Days Inventory for the three months ended in Dec. 2023 was 109.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. MSAfety's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.83.

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. MSAfety's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.62.


MSAfety Total Inventories Historical Data

The historical data trend for MSAfety'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.

MSAfety Total Inventories Chart

MSAfety Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 185.03 244.97 280.62 338.32 292.60

MSAfety 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 338.32 349.44 337.95 324.08 292.60

MSAfety 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.


MSAfety  (NYSE:MSA) 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.

MSAfety'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)
=(146.442+0.75 * 294.678+0.5 * 292.604-1203.348
-3.569-0)/39.3172
=-17.63

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

MSAfety'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
=308.3405/257.174*365 / 4
=109.40

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

MSAfety'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 )
=257.174 / 308.3405
=0.83

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.

MSAfety'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 )
=308.3405 / 495.357
=0.62

* 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.


MSAfety Total Inventories Related Terms

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MSAfety (MSAfety) Business Description

Traded in Other Exchanges
Address
1000 Cranberry Woods Drive, Cranberry Township, PA, USA, 16066-5207
MSA Safety Inc makes safety products that are used to protect workers in the oil and gas and mining industries. The products include breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems. End markets include the fire service, contractor, industrial, mining, oil and gas, and utilities industries. MSA Safety generates most of its revenue in North America. The company's reportable geographic segments are Americas, International and Corporate.
Executives
Rebecca B Roberts director 1000 LOUISIANA, SUITE 5800, HOUSTON TX 77002
Jonathan D. Buck officer: Chief Accounting Officer 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Bob Willem Leenen officer: Vice President 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Richard W Roda officer: Vice President, Secretary, CLO 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Stephanie L Sciullo officer: Vice President, CLO 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Nishan J. Vartanian officer: Vice President 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Lee B Mcchesney officer: Senior VP, CFO and Treasurer 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Robert A Bruggeworth director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
William M Lambert officer: Vice President C/O MSA SAFETY, 1000 CRANBERRY WOODS DRIVE, CRANBERRY TWP PA 16066
Ryan John T Iii director, 10 percent owner, officer: Chairman and CEO P O BOX 426, PITTSBURGH PA 15230
Kenneth D. Krause officer: VP, CFO and Treasurer 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Luca Savi director C/O ITT CORPORATION, 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Sandra Phillips Rogers director 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Blanco Steven C. Sr. officer: Vice President 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Diane M Pearse director P O BOX 426, PITTSBURGH PA 152300426