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Great Lakes Dredge & Dock (Great Lakes Dredge & Dock) Total Inventories

: $33.9 Mil (As of Dec. 2023)
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Great Lakes Dredge & Dock's total inventories for the quarter that ended in Dec. 2023 was $33.9 Mil. Great Lakes Dredge & Dock's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $33.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Great Lakes Dredge & Dock's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-10.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Lakes Dredge & Dock's Days Inventory for the three months ended in Dec. 2023 was 21.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Lakes Dredge & Dock's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.32.

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. Great Lakes Dredge & Dock's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.


Great Lakes Dredge & Dock Total Inventories Historical Data

The historical data trend for Great Lakes Dredge & Dock'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.

Great Lakes Dredge & Dock Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.19 34.69 30.76 29.23 33.91

Great Lakes Dredge & Dock Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories 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 Premium Member Only Premium Member Only Premium Member Only 29.23 28.68 32.07 32.30 33.91

Great Lakes Dredge & Dock 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.


Great Lakes Dredge & Dock  (NAS:GLDD) 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.

Great Lakes Dredge & Dock'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)
=(22.841+0.75 * 14.431+0.5 * 33.912-725.292
-0-0)/66.623
=-10.13

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

Great Lakes Dredge & Dock'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
=33.1035/143.061*365 / 4
=21.11

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

Great Lakes Dredge & Dock'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 )
=143.061 / 33.1035
=4.32

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.

Great Lakes Dredge & Dock'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 )
=33.1035 / 181.729
=0.18

* 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.


Great Lakes Dredge & Dock Total Inventories Related Terms

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Great Lakes Dredge & Dock (Great Lakes Dredge & Dock) Business Description

Traded in Other Exchanges
Address
9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024
Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.
Executives
Ryan Levenson director 2396 DELLWOOD DRIVE, ATLANTA GA 30305
Lasse Petterson director, officer: CEO & President 2103 RESEARCH FOREST DRIVE THE WOODLANDS TX 77380
David E Simonelli officer: Chief Operating Officer C/O GREAT LAKES DREDGE & DOCK CORPORATIO 2122 YORK ROAD OAK BROOK IL 60523
Lawrence R Dickerson director 15415 KATY FREEWAY STE 100, HOUSTON TX 77094
Kathleen Mackie Lavoy officer: SVP & Chief Legal Officer C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523
D Michael Steuert director C/O FLUOR CORP, ONE ENTERPRISE DR, ALISO VIEJO CA 92656
Ronald Steger director 13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Kathleen M Shanahan director 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Michael Joseph Walsh director C/O GREAT LAKES DREDGE & DOCK CORP 2122 YORK ROAD OAK BROOK IL 60523
Mark W. Marinko officer: Chief Financial Officer C/O GREAT LAKES DREDGE & DOCK CORP., 2122 YORK ROAD, SUITE 200, OAK BROOK IL 60523
Annette W Cyr officer: Chief HR & Admin Officer C/O BRIGHTPOINT., INC. 7635 INTERACTIVE WAY, SUITE 200 INDIANAPOLIS IN 46278
Carl A Albert director C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
Robert B Uhler director C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD, SUITE 200 OAK BROOK IL 60523
Jason Weiss director C/O BOISE INC. 1111 WEST JEFFERSON STREET, SUITE 200 BOISE ID 83702-5388
Christopher P Shea officer: President - E&I Division C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523