Standard Motor Products (Standard Motor Products) Total Inventories

: $525 Mil (As of Dec. 2023)

View and export this data going back to 1977. Start your Free Trial

Standard Motor Products's total inventories for the quarter that ended in Dec. 2023 was $525 Mil. Standard Motor Products's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $513 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Standard Motor Products's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Standard Motor Products's Days Inventory for the three months ended in Dec. 2023 was 223.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Standard Motor Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.41.

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. Standard Motor Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.77.

Standard Motor Products Total Inventories Historical Data

The historical data trend for Standard Motor Products'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.

Standard Motor Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

387.94

365.13

491.02

548.41

525.32

Standard Motor Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																548.41	542.67	518.86	501.64	525.32

Standard Motor Products 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.

Standard Motor Products (NYSE:SMP) 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.

Standard Motor Products'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)
=	(32.526	+	0.75 * 160.282	+	0.5 * 525.315	-	642.174
-	0	-	15.809)	/	21.917
=	-11.07

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

Standard Motor Products'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
	=	513.475	/	209.226	*	365 / 4
	=	223.94

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

Standard Motor Products'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 )
	=	209.226	/	513.475
	=	0.41

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.

Standard Motor Products'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 )
	=	513.475	/	290.756
	=	1.77

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.

Standard Motor Products Total Inventories Related Terms

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

Standard Motor Products (Standard Motor Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Standard Motor Products Inc (NYSE:SMP) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

SRU:Germany SRU:Germany

Address

37-18 Northern Boulevard, Long Island City, NY, USA, 11101

Website

https://www.smpcorp.com

Standard Motor Products Inc is a manufacturer and distributor of premium automotive parts used in the maintenance, service, and repair of vehicles in the automotive aftermarket industry. It operates into three business segments namely Engineered Solutions, Vehicle Control, and Temperature Control. The company focuses on the original equipment and original equipment services markets, with a product lineup of replacement parts for engine management ignition, emission, and fuel systems, as well as temperature-control products. The company operates majorly in the United States, with additional sales in Canada, Europe, Asia, Mexico, and other Latin American countries.

Executives

Nathan R. Iles	officer: Chief Financial Officer	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Eric Sills	director, officer: CEO & President	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Ray Nicholas	officer: CIO & VP IT	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Dale Burks	officer: Chief Commercial Officer & EVP	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Carmine Joseph Broccole	officer: CLO & Secretary	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
James J Burke	director, officer: Chief Operating Officer	37 18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Kristine M. Frost	officer: CHRO	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Alisa C. Norris	director	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Pamela Puryear	director	253 DOLPHIN COVE QUAY, STAMFORD CT 06902
Alejandro C. Capparelli	director	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Joseph W. Mcdonnell	director	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Pamela Forbes Lieberman	director	3400 N.WOLF ROAD, FRANKLIN PARK IL 60131
Patrick Mcclymont	director	902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Thomas Tesoro	officer: VP Human Resources	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Peter J Sills	director