Clean Harbors (Clean Harbors) Total Inventories

: $328 Mil (As of Dec. 2023)

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Clean Harbors's total inventories for the quarter that ended in Dec. 2023 was $328 Mil. Clean Harbors's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $320 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Clean Harbors's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-49.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clean Harbors's Days Inventory for the three months ended in Dec. 2023 was 31.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clean Harbors's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.89.

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. Clean Harbors's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

Clean Harbors Total Inventories Historical Data

The historical data trend for Clean Harbors'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.

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Clean Harbors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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214.74

220.50

250.69

324.99

327.51

Clean Harbors Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															324.99	322.39	325.88	311.51	327.51

Clean Harbors 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.

Clean Harbors (NYSE:CLH) 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.

Clean Harbors's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(550.799	+	0.75 * 983.111	+	0.5 * 327.511	-	4135.363
-	0	-	0)	/	53.9297
=	-49.76

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

Clean Harbors'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
	=	319.5115	/	923.147	*	365 / 4
	=	31.58

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	923.147	/	319.5115
	=	2.89

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.

Clean Harbors'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 )
	=	319.5115	/	1338.169
	=	0.24

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.

Clean Harbors Total Inventories Related Terms

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Clean Harbors (Clean Harbors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Clean Harbors Inc (NYSE:CLH) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CH6:Germany

Address

42 Longwater Drive, Norwell, MA, USA, 02061-9149

Website

https://www.cleanharbors.com

Clean Harbors Inc is an environmental and industrial services provider. It provides parts cleaning and related environmental services to commercial, industrial, and automotive customers. Its business segments are Environmental Services and Safety-Kleen Sustainability Solutions. The company generates the majority of its revenues from the Environmental Services segment.

Executives

Alan S Mckim	director, officer: Chrmn. of Bd., Pres.and CEO
Robert W. Harrison	officer: EVP, EHS	42 LONGWATER DRIVE, NORWELL MA 02061
Eric W Gerstenberg	officer: Chief Operating Officer	24 MACFARLANE DRIVE, KINGSTON MA 02364
Eric J. Dugas	officer: VP, Corp. Contr and CAO	C/O CLEAN HARBORS, INC., 42 LONGWATER DRIVE, NORWELL MA 02061
Robert Speights	officer: EVP (CHESI)	C/O CLEAN HARBORS ENVIRONMENTAL SERVICES, 42 LONGWATER DRIVE, NORWELL MA 02061
George L Curtis	officer: Exec. Vice President (CHESI)
Rebecca Underwood	officer: President & EVP Facilities	42 LONGWATER DRIVE, NORWELL MA 02061
Loan Nguyen Mansy	officer: President Env Sales & Service	C/O HUDSON TECHNOLOGIES, INC., 300 TICE BOULEVARD, SUITE 290, WOODCLIFF LAKE NJ 07677
John T Preston	director	C/O MOLTEN METAL TECHNOLOTY INC, 400-2 TOTTEN POND ROAD, WALTHAM MA 02154
Andrea Robertson	director	129 SHELTER ROCK ROAD, STAMFORD CT 06903
Michael Louis Battles	officer: SVP & CAO	45 WILLIAM STREET, WELLESLEY MA 02481
Sharon M. Gabriel	officer: EVP/CIO (CHESI)	42 LONGWATER DRIVE, NORWELL MA 02061
Brian P Weber	officer: EVP (CHESI)	88 PINE STREET, WALPOLE MA 02081
Eugene G Banucci	director
Melkeya Mcduffie	officer: EVP, Human Resources Officer	C/O CLEAN HARBORS INC., 42 LONGWATER DRIVE, NORWELL MA 02061