Kaman (KAMN) Total Inventories

: $207.6 Mil (As of Dec. 2023)

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Kaman's total inventories for the quarter that ended in Dec. 2023 was $207.6 Mil. Kaman's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $204.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kaman's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-21.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kaman's Days Inventory for the three months ended in Dec. 2023 was 136.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kaman's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.67.

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. Kaman's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.01.

Kaman Total Inventories Historical Data

The historical data trend for Kaman'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.

Kaman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

156.35

185.07

193.10

172.38

207.61

Kaman Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																172.38	186.50	192.79	201.44	207.61

Kaman 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.

Kaman (NYSE:KAMN) 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.

Kaman'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)
=	(35.183	+	0.75 * 97.137	+	0.5 * 207.607	-	806.888
-	0	-	0)	/	28.2908
=	-21.03

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

Kaman'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
	=	204.523	/	136.451	*	365 / 4
	=	136.77

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

Kaman'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 )
	=	136.451	/	204.523
	=	0.67

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.

Kaman'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 )
	=	204.523	/	203.123
	=	1.01

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.

Kaman Total Inventories Related Terms

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Kaman (KAMN) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

KA1:Germany

Address

1332 Blue Hills Avenue, Bloomfield, CT, USA, 06002

Website

https://www.kaman.com

Kaman Corp is a diversified company that conducts business in the aerospace and defense, medical and industrial markets. The Engineered Products segment serves the aerospace and defense, industrial and medical markets providing sophisticated proprietary aircraft bearings and components. The Precision Products segment serves the aerospace and defense markets providing precision safe and arming solutions for missile and bomb systems for the U.S. and allied militaries. The Structures segment serves the aerospace and defense and medical end markets providing sophisticated complex metallic and composite aerostructures for commercial, military, and general aviation fixed military and general aviation fixed and rotary wing aircraft, and medical imaging solutions.

Executives

Matthew King Petterson	officer: VP CAO & CONTROLLER	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Wilfredo Roy Dilig	officer: VP INFORMATION TECHNOLOGY	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Smith Richard Stanley Jr	officer: SVP GEN COUNSEL & SECRETARY	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Carroll Kent Lane	officer: SVP and President KAV and KPP	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Callaway E Reeves Iii	director	C/O KAMAN CORP, PO BOX 1, BLOOMFIELD CT 06002-0001
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Darlene Ruth Smith	officer: President KAV and KPP	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Rafael Zev Cohen	officer: VP IT & Cybersecurity	C/O KAMAN CORPORATION, BLOOMFIELD CT 06002
Megan Amanda Morgan	officer: VP-HR & CHRO	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Kristen Mcdonald Samson	officer: VP and CMCO	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Russell James Bartlett	other: Sr. VP & Chief Operating Offcr	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Aisha Barry	director	111 4TH AVE N UNIT 304, MINNEAPOLIS MN 55401
Michelle Lohmeier	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Ian K. Walsh	director, officer: President & CEO	111 E. KILBOURNE AVE, MILWAULKEE WI 53202
Thomas W Rabaut	director	C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424