L3Harris Technologies (L3Harris Technologies) Total Inventories : $1,472 Mil (As of Dec. 2023)

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What is L3Harris Technologies Total Inventories?

L3Harris Technologies's total inventories for the quarter that ended in Dec. 2023 was $1,472 Mil. L3Harris Technologies's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1,555 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. L3Harris Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-109.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. L3Harris Technologies's Days Inventory for the three months ended in Dec. 2023 was 36.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. L3Harris Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.53.

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. L3Harris Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

L3Harris Technologies Total Inventories Historical Data

The historical data trend for L3Harris 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.

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L3Harris Technologies Total Inventories Chart

L3Harris Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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360.00

973.00

982.00

1,291.00

1,472.00

L3Harris 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															1,291.00	1,541.00	1,555.00	1,638.00	1,472.00

L3Harris Technologies 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.

L3Harris Technologies (NYSE:LHX) 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.

L3Harris 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)
=	(560	+	0.75 * 1230	+	0.5 * 1472	-	22858
-	0	-	64)	/	189.809
=	-109.08

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

L3Harris 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
	=	1555	/	3935	*	365 / 4
	=	36.06

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

L3Harris 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 )
	=	3935	/	1555
	=	2.53

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.

L3Harris 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 )
	=	1555	/	5340
	=	0.29

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.

L3Harris Technologies Total Inventories Related Terms

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L3Harris Technologies (L3Harris Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3Harris Technologies Inc (NYSE:LHX) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

LHX:Mexico HRS:Germany HRS:Germany L1HX34:Brazil

Address

1025 West NASA Boulevard, Melbourne, FL, USA, 32919

Website

https://www.l3harris.com

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

Executives

Edward J Zoiss	officer: President, Electronic Systems	HARRIS CORPORATION, 1395 TROUTMAN BOULEVARD NE, PALM BAY FL 32904
Ross Niebergall	officer: President, Aerojet Rocketdyne	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Melanie Rakita	officer: Vice President & CHRO	C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Rice Edward A Jr	director	C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Samir Mehta	officer: Pres., Communication Systems	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Dana A Mehnert	officer: President, RF Communications	HARRIS CORPORATION, 1680 UNIVERSITY AVENUE, ROCHESTER NY 14610
James P Girard	officer: Vice President, HR	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Christopher E Kubasik	director, officer: President and COO
Jon Rambeau	officer: Pres., Integrated Mission Sys.	L3HARRIS TECHNOLOGIES, INC., 1395 TROUTMAN BLVD., NE, PALM BAY FL 32905
Scott T Mikuen	officer: VP-General Counsel & Secretary	HARRIS CORPORATION, 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Christina L Zamarro	director	200 INNOVATION WAY, AKRON OH 44316
Joanna Geraghty	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Michelle L. Turner	officer: SVP, Chief Financial Officer	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Harris Harry B. Jr	director	L3HARRIS TECHNOLOGIES INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Todd W. Gautier	officer: Segment President	600 THIRD AVENUE 35TH FLOOR, NEW YORK NY 10016