FLS has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
FLS has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Flowserve's total inventories for the quarter that ended in Dec. 2023 was $880 Mil. Flowserve's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $898 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Flowserve's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.73.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flowserve's Days Inventory for the three months ended in Dec. 2023 was 99.25.
Inventory Turnover measures how fast the company turns over its inventory within a year. Flowserve's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.
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. Flowserve's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.
The historical data trend for Flowserve'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.
Flowserve Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 660.84 | 667.23 | 678.29 | 803.20 | 879.94 |
Flowserve 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 | 803.20 | 882.25 | 914.29 | 916.11 | 879.94 |
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.
Flowserve (NYSE:FLS) 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.
Flowserve'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) | ||
= | (545.678 | + | 0.75 * 867.81 | + | 0.5 * 879.937 | - | 3133.668 |
- | 0 | - | 38.951) | / | 130.908 | ||
= | -11.73 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Flowserve'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 |
= | 898.022 | / | 825.635 | * | 365 / 4 | |
= | 99.25 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Flowserve'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 ) |
= | 825.635 | / | 898.022 | |
= | 0.92 |
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.
Flowserve'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 ) |
= | 898.022 | / | 1165.178 | |
= | 0.77 |
* 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 Flowserve's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas B Okray | director | 5008 AIRPORT ROAD NW, ROANOKE VA 24012 |
Kenneth I Siegel | director | 667 MADISON AVENUE, NEW YORK NY 10065 |
Susan Claire Hudson | officer: Chief Legal Officer | 5215 N O CONNOR BLVD, # 700, IRVING TX 75039 |
Lamar L. Duhon | officer: President, AMSS | 5215 N. O'CONNOR BLVD., SUITE 700, IRVING TX 75039 |
Kirk Wilson | officer: President, AMSS | 5215 NORTH O'CONNOR BLVD #2300, IRVING TX 75039 |
Tamara Morytko | officer: President, FPD | 1250 NE LOOP 410, SUITE 1000, SAN ANTONIO TX 78209 |
Carlyn R. Taylor | director | 5215 N. O'CONNOR BLVD., SUITE 2300, IRVING TX 75039 |
Scott K Vopni | officer: Chief Accounting Officer | 2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204 |
Sanjay Chowbey | officer: President, AMSS | 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219 |
Amy B Schwetz | officer: Chief Financial Officer | 701 MARKET STREET, ST. LOUIS MO 63101 |
Sujeet Chand | director | ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204 |
Lanesha Minnix | officer: SVP, Chief Legal Officer | TWO LAKESIDE COMMONS, BUILDING TWO, 980 HAMMOND DRIVE, SUITE 500, ATLANTA GA 30328 |
John Lenander | officer: President, FCO | 5215 NORTH O'CONNOR BLVD SUITE 2300, IRVING TX 75039 |
Michael C. Mcmurray | director | C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA |
Garrison John L Jr | director | C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880 |
From GuruFocus
By Business Wire • 10-17-2023
By Business Wire • 08-01-2023
By Business Wire • 09-20-2023
By GuruFocus Research • 09-21-2023
By Business Wire Business Wire • 03-21-2023
By Business Wire Business Wire • 02-28-2023
By Business Wire • 10-05-2023
By GuruFocus Research • 10-25-2023
By Business Wire Business Wire • 02-10-2023
By GuruFocus Research • 08-11-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.