AMETEK (AMETEK) Change In Inventory

: $0 Mil (TTM As of Dec. 2023)

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AMETEK's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means AMETEK's inventory stayed the same from Sep. 2023 to Dec. 2023 .

AMETEK's change in inventory for the fiscal year that ended in Dec. 2023 was $57 Mil. It means AMETEK's inventory declined by $57 Mil from Dec. 2022 to Dec. 2023 .

AMETEK's Total Inventories for the quarter that ended in Dec. 2023 was $1,132 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AMETEK's Days Inventory for the quarter that ended in Dec. 2023 was 90.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. AMETEK's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.01.

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. AMETEK's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.64.

AMETEK Change In Inventory Historical Data

The historical data trend for AMETEK's Change In Inventory 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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AMETEK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

16.41

77.45

-129.59

-322.47

56.62

AMETEK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory																-	-	-	-	-

AMETEK Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

AMETEK (NYSE:AME) Change In Inventory Explanation

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

AMETEK's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1110.0275	/	1115.85	*	365 / 4
	=	90.77

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1115.85	/	1110.0275
	=	1.01

3. 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.

AMETEK's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1110.0275	/	1730.885
	=	0.64

AMETEK Change In Inventory Related Terms

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AMETEK (AMETEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMETEK Inc (NYSE:AME) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

AME:Mexico AK1:Germany AK1:Germany A1ME34:Brazil

Address

1100 Cassatt Road, Berwyn, PA, USA, 19312-1177

Website

https://www.ametek.com

Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.

Executives

David A Zapico	officer: Pres. - Electronic Instruments	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Steven W Kohlhagen	director	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
William Joseph Burke	officer: SR. VP-Comptroller & Treasurer	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Emanuela Speranza	officer: CHIEF COMMERCIAL OFFICER	1100 CASSATT ROAD, BERWYN PA 19312
Anthony James Conti	director	76 GOLFVIEW DRIVE, IVYLAND PA 18974
Thomas A Amato	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Ronald J Oscher	officer: PRES. - ELECTRONIC INSTRUMENTS	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Gretchen W Mcclain	director	XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604
Thomas C Marecic	officer: PRES. - ELECTRONIC INSTRUMENTS	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Thomas M Montgomery	officer: SR. VP. - COMPTROLLER	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
John Wesley Hardin	officer: PRES. - ELECTRONIC INSTRUMENTS	AMETEK,INC., 1100 CASSATT ROAD, BERWYN PA 19312
David F. Hermance	officer: PRESIDENT - ELECTROMECHANICAL	1100 CASSATT ROAD, BERWYN PA 19312
Suzanne Stefany	director	JELD-WEN HOLDING, INC., 440 S. CHURCH STREET, SUITE 400, CHARLOTTE NC 28202
Dean Seavers	director	70 SUFFOLK ROAD, CHESTNUT HILL MA 02467
Ruby R Chandy	director	630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062