Advanced Drainage Systems (Advanced Drainage Systems) Change In Inventory

: $55 Mil (TTM As of Dec. 2023)

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Advanced Drainage Systems's change in inventory for the quarter that ended in Dec. 2023 was $-19 Mil. It means Advanced Drainage Systems's inventory increased by $19 Mil from Sep. 2023 to Dec. 2023 .

Advanced Drainage Systems's change in inventory for the fiscal year that ended in Mar. 2023 was $30 Mil. It means Advanced Drainage Systems's inventory declined by $30 Mil from Mar. 2022 to Mar. 2023 .

Advanced Drainage Systems's Total Inventories for the quarter that ended in Dec. 2023 was $405 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advanced Drainage Systems's Days Inventory for the quarter that ended in Dec. 2023 was 89.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Advanced Drainage Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.02.

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. Advanced Drainage Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.60.

Advanced Drainage Systems Change In Inventory Historical Data

The historical data trend for Advanced Drainage Systems'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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Advanced Drainage Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

-2.03

19.09

-14.56

-189.72

30.22

Advanced Drainage Systems 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																19.07	-4.65	30.86	48.36	-19.46

Advanced Drainage Systems 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 $55 Mil.

Advanced Drainage Systems (NYSE:WMS) Change In Inventory Explanation

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

Advanced Drainage Systems's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	395.2495	/	402.518	*	365 / 4
	=	89.60

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	402.518	/	395.2495
	=	1.02

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	395.2495	/	662.367
	=	0.60

Advanced Drainage Systems Change In Inventory Related Terms

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Advanced Drainage Systems (Advanced Drainage Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advanced Drainage Systems Inc (NYSE:WMS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

6DA:Germany

Address

4640 Trueman Boulevard, Hilliard, OH, USA, 43026

Website

https://www.adspipe.com

Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe; Infiltrator; International and Allied Products and Other. It generates maximum revenue from the Pipe segment. The company serves Agriculture; Aviation and Military; Mining; Residential; Transportation; Healthcare and Education and others.

Executives

Brian W. King	officer: Executive Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Michael G. Huebert	officer: Senior Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Tim A Makowski	officer: SEE REMARKS (A)	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Robert M Klein	officer: EVP, Sales	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLARD OH 43026
Anil Seetharam	director	200 CLARENDON STREET, FLOOR 35, BOSTON MA 02116
Ross M Jones	director	ONE BOSTON PLACE, 33RD FL, BOSTON MA 02108
Alexander R Fischer	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLARD OH 43026
Darin S. Harvey	officer: EVP, Supply Chain & Logistics	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Craig J. Taylor	officer: Executive Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Perez De La Mesa Manuel J	director
Kevin C Talley	officer: EVP and CAO	C/O ADVANCED DRAINAGE SYSTEMS INC, 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Kelly S. Gast	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BLVD., HILLIARD OH 43026
Berkshire Partners Holdings Llc	10 percent owner	200 CLARENDON STREET, 35TH FLOOR, BOSTON MA 02116
Berkshire Fund Ix, L.p.	10 percent owner	C/O NINTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116
Michael B. Coleman	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BLVD., HILLIARD OH 43026