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nLight (nLight) Total Inventories : $53.0 Mil (As of Mar. 2024)


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What is nLight Total Inventories?

nLight's total inventories for the quarter that ended in Mar. 2024 was $53.0 Mil. nLight's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $52.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. nLight's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $2.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. nLight's Days Inventory for the three months ended in Mar. 2024 was 129.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. nLight's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

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. nLight's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.18.


nLight Total Inventories Historical Data

The historical data trend for nLight'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.

nLight Total Inventories Chart

nLight Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 46.13 54.71 73.75 67.60 52.16

nLight Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 67.16 64.94 61.59 52.16 53.01

nLight 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.


nLight  (NAS:LASR) 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.

nLight's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(121.081+0.75 * 27.545+0.5 * 53.013-58.474
-0-0)/47.552
=2.31

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

nLight's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=52.5865/37.039*365 / 4
=129.55

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

nLight's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=37.039 / 52.5865
=0.70

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.

nLight's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=52.5865 / 44.527
=1.18

* 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.


nLight Total Inventories Related Terms

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nLight (nLight) Business Description

Traded in Other Exchanges
N/A
Address
4637 NW 18th Avenue, Camas, WA, USA, 98607
nLight Inc is a United States-based company engaged in providing semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments: Laser Products, which includes semiconductor lasers, fiber lasers, and directed energy products; and Advanced Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, China, and the Rest of the world.
Executives
Joseph John Corso officer: Chief Financial Officer 4637 NW 18TH AVE, CAMAS WA 98607
James Nias officer: Chief Accounting Officer 4637 NW 18TH AVENUE, CAMAS WA 98607
Scott H Keeney director, officer: President and CEO 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Ran Bareket officer: CFO 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Camille Nichols director 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Robert Martinsen officer: Chief Technical Officer 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Sixth Mdv Partners, L.l.c. 10 percent owner 777 MARINERS ISLAND BLVD., STE. 550, SAN MATEO CA 94404
David D. Osborne director 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Oak X Affiliates Fund Lp 10 percent owner 901 MAIN AVENUE, NORWALK CT 06851
Bandel L Carano director, 10 percent owner 525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301
Douglas C Carlisle director, 10 percent owner 3000 SAND HILL RD, BLDG 4 STE 100, MENLO PARK CA 94025
Mv Management Ix Llc 10 percent owner 2884 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
William Gossman director 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Menlo Entrepreneurs Fund Ix A Lp 10 percent owner 2884 SAND HILL RD, SUITE 100, MENLO PARK CA 94025
Menlo Entrepreneurs Fund Ix Lp 10 percent owner 3000 SAND HILL ROAD, BUILDING 4, SUITE 100, MENLO PARK CA 94025