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Westinghouse Air Brake Technologies's total inventories for the quarter that ended in Dec. 2023 was $2,284 Mil. Westinghouse Air Brake Technologies's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,265 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Westinghouse Air Brake Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-33.01.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Westinghouse Air Brake Technologies's Days Inventory for the three months ended in Dec. 2023 was 117.30.
Inventory Turnover measures how fast the company turns over its inventory within a year. Westinghouse Air Brake Technologies'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. Westinghouse Air Brake Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.90.
The historical data trend for Westinghouse Air Brake Technologies'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.
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.
Westinghouse Air Brake Technologies (NYSE:WAB) 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.
Westinghouse Air Brake Technologies'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) | ||
= | (620 | + | 0.75 * 1160 | + | 0.5 * 2284 | - | 8464 |
- | 0 | - | 37) | / | 177.8 | ||
= | -33.01 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Westinghouse Air Brake Technologies'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 |
= | 2265 | / | 1762 | * | 365 / 4 | |
= | 117.30 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Westinghouse Air Brake Technologies'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 ) |
= | 1762 | / | 2265 | |
= | 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.
Westinghouse Air Brake Technologies'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 ) |
= | 2265 | / | 2526 | |
= | 0.90 |
* 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.
Thank you for viewing the detailed overview of Westinghouse Air Brake Technologies's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Kristine Kubacki | other: VP, Investor Relations | 1001 AIR BRAKE AVENUE, WILMERDING PA 15148 |
Michael Fetsko | officer: Pres., Freight Components Grp. | 1001 AIR BRAKE AVENUE, WILMERDING PA 15148 |
Alicia Hammersmith | officer: President - Services Group | 30 ISABELLA STREET, PITTSBURGH PA 15212 |
Albert J Neupaver | director | |
William E Kassling | director | C/O WASTEC, 10001 AIR BREAK AVE, WILMERDING PA 15148 |
Mastalerz John A Jr | officer: VP Fin., Corp. Controller, CAO | 1001 AIR BRAKE AVENUE, WILMERDING PA 15148 |
Linda S Harty | director | MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432 |
David L Deninno | officer: Exec VP, General Counsel, Sec. | 1001 AIR BRAKE AVENUE, WILMERDING PA 15148 |
Byron S Foster | director | 30 ISABELLA ST., PITTSBURGH PA 15212 |
Lee C Banks | director | PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44124-4141 |
Ann R. Klee | director | 30 ISABELLA ST., PITTSBURGH PA 15212 |
Eric Gebhardt | officer: Chief Technology Officer | 30 ISABELLA STREET, PITTSBURGH PA 15212 |
Gregory Sbrocco | officer: Sr. VP, Global Operations | 1001 AIR BRAKE AVENUE, WILMERDING PA 15148 |
Lilian Leroux | officer: President, Transit Group | 1001 AIR BRAKE AVENUE, WILMERDING PA 15148 |
John A Olin | officer: Executive Vice President & CFO | HARLEY-DAVIDSON, INC., 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208 |
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