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Crane Co (Crane Co) Total Inventories : $353 Mil (As of Dec. 2023)


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What is Crane Co Total Inventories?

Crane Co's total inventories for the quarter that ended in Dec. 2023 was $353 Mil. Crane Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $352 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Crane Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crane Co's Days Inventory for the three months ended in Dec. 2023 was 94.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Crane Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.96.

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. Crane Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.


Crane Co Total Inventories Historical Data

The historical data trend for Crane Co'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.

Crane Co Total Inventories Chart

Crane Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 457.30 429.70 449.10 294.20 353.10

Crane Co 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 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 294.20 492.90 360.80 350.90 353.10

Crane Co 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.


Crane Co  (NYSE:CR) 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.

Crane Co'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)
=(329.6+0.75 * 306.4+0.5 * 353.1-973.3
-0-2.5)/56.9194
=-4.21

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

Crane Co'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
=352/339.1*365 / 4
=94.72

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

Crane Co'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 )
=339.1 / 352
=0.96

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.

Crane Co'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 )
=352 / 532.9
=0.66

* 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.


Crane Co Total Inventories Related Terms

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Crane Co (Crane Co) Business Description

Traded in Other Exchanges
Address
100 First Stamford Place, Stamford, CT, USA, 06902
Crane is a diversified industrial firm that manufactures a broad range of products, including valves, pumps, aerospace components, and fiberglass-reinforced plastic panels. Its business is organized into three segments: aerospace and electronics, process flow technologies, and engineered materials. Crane generated approximately $2 billion in revenue in 2022.
Executives
Max H Mitchell officer: President & CEO CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Richard A Maue director, officer: Exec. V.P., CFO & PAO C/O PAXAR CORPORATION, 105 CORPORATE PARK DRIVE, WHITE PLAINS NY 10604
Marijane V. Papanikolaou officer: V.P, Controller & CAO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono officer: SVP, CHRO 950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Fund Crane 10 percent owner C/O CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Paul Gerard Igoe officer: SVP, General Counsel & Sec. LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Sanjay Kapoor director C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
William K Grogan director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Bianca B. Shardelow officer: VP, Controller & CAO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl director 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Tamara S. Polmanteer officer: Exec. Vice President & CHRO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Ronald Carter Lindsay director 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tullis James L L director 100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Charles G Mcclure director 55 CABOT PL, BLOOMFIELD HILLS MI 48304
Alejandro Alcala officer: Executive Vice President 100 FIRST STAMFORD PLACE, STAMFORD CT 06902