Core Molding Technologies (Core Molding Technologies) Change In Inventory : $1.8 Mil (TTM As of Dec. 2023)

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What is Core Molding Technologies Change In Inventory?

Core Molding Technologies's change in inventory for the quarter that ended in Dec. 2023 was $2.9 Mil. It means Core Molding Technologies's inventory declined by $2.9 Mil from Sep. 2023 to Dec. 2023 .

Core Molding Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was $1.8 Mil. It means Core Molding Technologies's inventory declined by $1.8 Mil from Dec. 2022 to Dec. 2023 .

Core Molding Technologies's Total Inventories for the quarter that ended in Dec. 2023 was $22.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Core Molding Technologies's Days Inventory for the quarter that ended in Dec. 2023 was 34.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Core Molding Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.67.

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. Core Molding Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Core Molding Technologies Change In Inventory Historical Data

The historical data trend for Core Molding Technologies'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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Core Molding Technologies Change In Inventory Chart

Core Molding Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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4.08

3.32

-6.77

1.26

1.81

Core Molding Technologies 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	Get a 7-Day Free Trial															2.98	-1.14	0.62	-0.59	2.93

Core Molding Technologies 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 $1.8 Mil.

Core Molding Technologies (AMEX:CMT) Change In Inventory Explanation

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

Core Molding Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	23.5255	/	62.838	*	365 / 4
	=	34.16

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.838	/	23.5255
	=	2.67

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.5255	/	73.777
	=	0.32

Core Molding Technologies Change In Inventory Related Terms

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Core Molding Technologies (Core Molding Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Core Molding Technologies Inc (AMEX:CMT) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

XQN:Germany

Address

800 Manor Park Drive, Columbus, OH, USA, 43228-0183

Website

https://www.coremt.com

Core Molding Technologies Inc operates in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. It produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, power sports, construction and agriculture, building products, and other industrial markets. The processes include compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam, and structural web injection molding (SIM). It operates in Columbus, Ohio, Columbus, and Batavia, Ohio; Gaffney, South Carolina; Winona, Minnesota; Matamoros and others.

Executives

John P Zimmer	officer: VP, Treasurer, Secretary & CFO	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Renee R Anderson	officer: EVP, Human Resources	800 MANOR PARK DR, COLUMBUS OH 43228
Eric Palomaki	officer: Vice President of Operations	800 MANOR PARK DRIVE, COLUMBUS OH 43228
David L. Duvall	director, officer: Chief Executive Officer	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Thomas R Cellitti	director	493 S KENILWORTH AVENUE, ELMHURST IL 60126
Ralph O Hellmold	director
Matthew Jauchius	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James C Highfield	officer: EVP, Sales and Marketing	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Andrew O Smith	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James F Crowley	director
Sandra Lee Kowaleski	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James L Simonton	director
Robert P Price	officer: Vice President of Operations	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Terrence James O'donovan	officer: VP, Marketing and Sales	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Kevin L Barnett	director, officer: President and CEO