FreightCar America (FreightCar America) Inventory Turnover : 0.93 (As of Dec. 2023)

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What is FreightCar America 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. FreightCar America's Cost of Goods Sold for the three months ended in Dec. 2023 was $114.5 Mil. FreightCar America's Average Total Inventories for the quarter that ended in Dec. 2023 was $123.5 Mil. FreightCar America's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FreightCar America's Days Inventory for the three months ended in Dec. 2023 was 98.45.

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. FreightCar America's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.98.

FreightCar America Inventory Turnover Historical Data

The historical data trend for FreightCar America'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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FreightCar America Inventory Turnover Chart

FreightCar America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.45

3.82

4.04

5.63

3.34

FreightCar America 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															1.67	1.01	0.89	0.50	0.93

FreightCar America Inventory Turnover Calculation

FreightCar America'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 )
=	316.33	/ (	(64.317	+	125.022)	/	2 )
=	316.33	/	94.6695
=	3.34

FreightCar America'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 )
=	114.506	/ (	(122.071	+	125.022)	/	2 )
=	114.506	/	123.5465
=	0.93

FreightCar America (NAS:RAIL) 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.

FreightCar America'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
	=	123.5465	/	114.506	*	365 / 4
	=	98.45

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.

FreightCar America'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 )
	=	123.5465	/	126.604
	=	0.98

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.

FreightCar America Inventory Turnover Related Terms

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FreightCar America (FreightCar America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FreightCar America Inc (NAS:RAIL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

FAR:Germany

Address

125 S. Wacker Drive, Suite 1500, Chicago, IL, USA, 60606

Website

https://www.freightcaramerica.com

FreightCar America Inc is a diversified manufacturer of railcars and railcar components in North America. The company design and manufacture a broad variety of freight cars including covered hoppers, open-top hoppers, gondolas, intermodal, and non-intermodal flat cars that transport numerous types of dry bulk and containerized freight products. Its Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing, and major railcar rebuilds and generates revenue from the same.

Executives

Benavides Alejandro Gil	10 percent owner	BARRANQUILLA 404 COLONIA GRADALUPE, MONCLOVA N9 25750
Nicholas J Randall	officer: Chief Operating Officer	125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606
De Nigris Felan Jose	director	125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606
James R Meyer	director, officer: President and CEO	TWO NORTH RIVERSIDE PLAZA, SUITE 1300, CHICAGO IL 60606
W Matthew Tonn	officer: Chief Commercial Officer	2 N RIVERSIDE PLAZA, SUITE 1300, CHICAGO IL 60606
Fuentes Sierra Juan Carlos	officer: Corporate Controller & CAO	125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606
Celia Perez	officer: GC and Corp Secretary	125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606
Travis D Kelly	director	125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606
Michael Anthony Riordan	officer: Corporate Controller and CAO	125 SOUTH WACKER DRIVE, SUITE 1500, CHICAGO IL 60606
Rodger L Boehm	director	165 WESTVIEW ROAD, WINNETKA IL 60093
Pacific Investment Management Co Llc	10 percent owner	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Terence R Rogers	officer: Vice Pres, CFO and Treasurer	RYERSON INC, 2621 W. 15TH PLACE, CHICAGO IL 60608
Gil Benavides Jesus Salvador	director	125 S. WACKER DRIVE, SUITE 1500, C/O FREIGHTCAR AMERICA, INC., CHICAGO IL 60606
Fabricaciones Y Servicios De Mexico, S.a. De C.v.	10 percent owner	CARRETARA 57 KM 178, CASTANOS O5 25870
Elizabeth K Arnold	director	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112