SIFCO Industries (SIFCO Industries) Total Inventories

: $8.85 Mil (As of Sep. 2023)

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SIFCO Industries's total inventories for the quarter that ended in Sep. 2023 was $8.85 Mil. SIFCO Industries's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $9.73 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SIFCO Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-6.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SIFCO Industries's Days Inventory for the three months ended in Sep. 2023 was 37.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. SIFCO Industries's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.42.

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. SIFCO Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.40.

SIFCO Industries Total Inventories Historical Data

The historical data trend for SIFCO 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.

SIFCO Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

10.51

15.57

12.55

8.97

8.85

SIFCO Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories																8.97	8.32	11.28	10.61	8.85

SIFCO 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.

SIFCO Industries (AMEX:SIF) 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.

SIFCO Industries's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.368	+	0.75 * 20.196	+	0.5 * 8.853	-	61.658
-	0	-	0)	/	6.105
=	-6.83

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

SIFCO Industries's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	9.7315	/	23.557	*	365 / 4
	=	37.70

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

SIFCO Industries's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	23.557	/	9.7315
	=	2.42

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.

SIFCO Industries's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	9.7315	/	24.628
	=	0.40

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.

SIFCO Industries Total Inventories Related Terms

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SIFCO Industries (SIFCO Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » SIFCO Industries Inc (AMEX:SIF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

970 East 64th Street, Cleveland, OH, USA, 44103

Website

https://www.sifco.com

SIFCO Industries Inc is engaged in the production of forgings and machined components for the Aerospace and Energy, Defense and Commercial Space markets. Its processes and services include forging, heat-treating and machining. It serves original equipment manufacturers (OEM) as well as aftermarket customers. Its products are made of steel, stainless steel, titanium and aluminium and include OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters and industrial products. Substantial revenue is derived from North America as well as operates in Europe.

Executives

Wells Norman E Jr.	director	PO BOX 609, AURORA OH 44202
Alayne L Reitman	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Peter William Knapper	director, officer: President & CEO	5924 MEDALLION DRIVE, WESTERVILLE OH 43082
Molten Donald C Jr.	director	970 EAST 64TH STREET, CLEVELAND OH 44103
Mark J Silk	director, 10 percent owner	4946 AZUSA CANYON ROAD, IRWINDALE CA 91706
Hudson Smith	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Thomas Robert Kubera	officer: Corporate Controller	1327 SPRUCEDALE ROAD, BROADVIEW HEIGHTS OH 44147
Jeffrey P Gotschall	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Salvatore Incanno	officer: VP of Finance & CFO	970 E. 64TH ST, CLEVELAND OH 44103
John Sr Chapman	director	970 EAST 64TH STREET, CLEVELAND OH 44103
Dennis Paul Hido	officer: Corporate Controller	21 EMERALD COURT, CANFIELD OH 44406
Catherine Marie Kramer	officer: Vice President-Finance & CFO	14388 CASTLEREAGH LANE, STRONSVILLE OH 44136
Frank N Nichols	director	8646 CARDINAL DRIVE, KIRTLAND OH 44094
Frank A Cappello	officer: Vice President Finance and CFO	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Miller P Charles Jr	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103