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Faro Technologies's total inventories for the quarter that ended in Dec. 2023 was $34.5 Mil. Faro Technologies's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $37.3 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Faro Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.82.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Faro Technologies's Days Inventory for the three months ended in Dec. 2023 was 70.12.
Inventory Turnover measures how fast the company turns over its inventory within a year. Faro Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.30.
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. Faro Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.
The historical data trend for Faro Technologies'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.
Faro Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 58.55 | 47.39 | 53.15 | 50.03 | 34.53 |
Faro Technologies 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 | 50.03 | 50.89 | 41.56 | 40.10 | 34.53 |
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.
Faro Technologies (NAS:FARO) 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.
Faro Technologies'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) | ||
= | (96.283 | + | 0.75 * 92.028 | + | 0.5 * 34.529 | - | 236.086 |
- | 0 | - | 0) | / | 18.9688 | ||
= | -2.82 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Faro Technologies'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 |
= | 37.312 | / | 48.554 | * | 365 / 4 | |
= | 70.12 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Faro Technologies'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 ) |
= | 48.554 | / | 37.312 | |
= | 1.30 |
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.
Faro Technologies'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 ) |
= | 37.312 | / | 98.84 | |
= | 0.38 |
* 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.
Thank you for viewing the detailed overview of Faro Technologies's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Alexander M Davern | director | C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759 |
Peter James Lau | director, officer: President and CEO | C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484 |
Rotterdam Jeroen Van | director | 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Yuval Wasserman | director | 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525 |
Stephen Cole | director | 125 TECHNOLOGY PARK, LAKE MARY FL 32746 |
John Donofrio | director | ONE VILLAGE CENTER ROAD, VAN BUREN TOWNSHIP MI 48111 |
Jawad A Ahsan | director | 17800 N 85TH ST, SCOTTSDALE AZ 85255 |
Jeffrey D Sexton | officer: Vice President of Global Sales | 1519 MONTEVAL PLACE, SAN JOSE CA 95120 |
Rajani Ramanathan | director | C/O GUIDEWIRE SOFTWARE, INC., 2850 S DELAWARE STREET, S-400, SAN MATEO CA 94403 |
Moonhie Chin | director | AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903 |
Kevin Beadle | officer: Senior Vice President, Sales | 1601 S. MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746 |
Katrona Tyrrell | officer: Chief People Officer | C/O FARO TECHNOLOGIES, INC., 250 TECHNOLOGY PARK, LAKE MARY FL 32746 |
Yazid Tohme | officer: Chief R&D Officer | C/O FARO TECHNOLOGIES, INC., 250 TECHNOLOGY PARK, LAKE MARY FL 32746 |
Allen L. Muhich | officer: Chief Financial Officer | 250 TECHNOLOGY PARK, LAKE MARY FL 32746 |
Michael D Burger | director, officer: President and CEO | 250 TECHNOLOGY PARK, LAKE MARY FL 32746 |
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