Astec Industries (Astec Industries) Inventory Turnover : 0.55 (As of Dec. 2023)

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What is Astec Industries Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Astec Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $248 Mil. Astec Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was $453 Mil. Astec Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Astec Industries's Days Inventory for the three months ended in Dec. 2023 was 166.56.

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. Astec Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.34.

Astec Industries Inventory Turnover Historical Data

The historical data trend for Astec Industries's Inventory Turnover 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.

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Astec Industries Inventory Turnover Chart

Astec Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.86

2.89

3.09

2.92

2.37

Astec Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.71	0.64	0.63	0.53	0.55

Astec Industries Inventory Turnover Calculation

Astec Industries's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1007.4	/ (	(393.4	+	455.6)	/	2 )
=	1007.4	/	424.5
=	2.37

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	248.1	/ (	(450.1	+	455.6)	/	2 )
=	248.1	/	452.85
=	0.55

Astec Industries (NAS:ASTE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Astec Industries'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
	=	452.85	/	248.1	*	365 / 4
	=	166.56

2. 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.

Astec Industries'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 )
	=	452.85	/	337.2
	=	1.34

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Astec Industries Inventory Turnover Related Terms

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Astec Industries (Astec Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Astec Industries Inc (NAS:ASTE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AI2:Germany

Address

1725 Shepherd Road, Chattanooga, TN, USA, 37421

Website

https://www.astecindustries.com

Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.

Executives

Winford James Murphy Jr	director	213 NORMANDIE DRIVE, OPELOUSAS LA 70570
Barend Snyman	officer: Group President	3906 LOBLOLLY LANE, VALDOSTA GA 31601
Nalin Jain	director	30 ISABELLA ST., PITTSBURGH PA 15212
Westinghouse Air Brake Technologies Corp	director	30 ISABELLA STREET, PITTSBURGH PA 15212
Mark Joseph Gliebe	director	200 STATE STREET, BELOIT WI 53511
Linda I. Knoll	director	5800 KNOB HILL CR, CLARKSON TN 48348
Litchfield Matthew T Sr	officer: Chief Information Officer	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Timothy A Averkamp	officer: Group President	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Merwe Jaco Van Der	officer: Group President	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Anshu Pasricha	officer: GC and Corp Secretary	1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
Mary L Howell	director	1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004
Tracey H Cook	director	1725 SHEPHERD RD, CHATTANOOGA TN 37421
William Bradley Southern	director	1610 WEST END AVENUE, NASHVILLE TN 37203
James B Baker	director	1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Glenwood Dorey	director	PO BOX 50085, WATSONVILLE CA 95077-5085