Thermon Group Holdings (Thermon Group Holdings) Total Inventories

: $96.3 Mil (As of Dec. 2023)

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Thermon Group Holdings's total inventories for the quarter that ended in Dec. 2023 was $96.3 Mil. Thermon Group Holdings's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $94.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Thermon Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thermon Group Holdings's Days Inventory for the three months ended in Dec. 2023 was 109.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thermon Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.84.

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. Thermon Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.69.

Thermon Group Holdings Total Inventories Historical Data

The historical data trend for Thermon Group Holdings'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.

Thermon Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

64.89

60.27

63.79

71.65

82.13

Thermon Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																91.42	82.13	92.89	92.55	96.30

Thermon Group Holdings 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.

Thermon Group Holdings (NYSE:THR) 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.

Thermon Group Holdings'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)
=	(55.396	+	0.75 * 120.624	+	0.5 * 96.299	-	337.663
-	0	-	0)	/	33.7116
=	-4.26

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

Thermon Group Holdings'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
	=	94.4245	/	79.017	*	365 / 4
	=	109.04

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

Thermon Group Holdings'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 )
	=	79.017	/	94.4245
	=	0.84

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.

Thermon Group Holdings'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 )
	=	94.4245	/	136.427
	=	0.69

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.

Thermon Group Holdings Total Inventories Related Terms

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Thermon Group Holdings (Thermon Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermon Group Holdings Inc (NYSE:THR) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

8TG:Germany

Address

7171 Southwest Parkway, Building 300, Suite 200, Austin, TX, USA, 78735

Website

https://www.thermon.com

Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales.

Executives

Kevin J Mcginty	director	6688 N CENTRAL EXPRESSWAY, SUITE 1170, DALLAS TX 75206
Nesser John T Iii	director	777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Kevin Fox	officer: VP - Corporate Development	7171 SOUTHWEST PKWY, BLD. 300 STE. 200, AUSTIN TX 78735
Candace Harris-peterson	officer: VP, Human Resources	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Angela Strzelecki	director	INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Bruce Thames	officer: Executive VP and COO	100 THERMON DRIVE, SAN MARCOS TX 78666
Kuahara Roberto	officer: SVP, Operations	7171 SOUTHWEST PKWY, BLD. 300, STE. 200, AUSTIN TX 78735
Van Der Salm Johannes Rene	officer: SVP-Global Operations	100 THERMON DRIVE, SAN MARCOS TX 78666
Michael W Press	director	P O BOX 327, GATES MILLS OH 44040
James Pribble	officer: SVP, Thermon Heating Systems	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
John U Clarke	director	PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
Roger L Fix	director
Tarkington Ryan	officer: General Counsel & Corp. Sec.	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
David Buntin	officer: SVP, Thermon Heat Tracing	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Mark John Roberts	officer: SVP, Global Engineering	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735