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Werner Enterprises (Werner Enterprises) Total Inventories : $18 Mil (As of Dec. 2023)


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What is Werner Enterprises Total Inventories?

Werner Enterprises's total inventories for the quarter that ended in Dec. 2023 was $18 Mil. Werner Enterprises's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $18 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Werner Enterprises's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-19.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Werner Enterprises's Days Inventory for the three months ended in Dec. 2023 was 2.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Werner Enterprises's Inventory Turnover for the quarter that ended in Dec. 2023 was 40.68.

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. Werner Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.


Werner Enterprises Total Inventories Historical Data

The historical data trend for Werner Enterprises'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.

Werner Enterprises Total Inventories Chart

Werner Enterprises Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.24 12.06 11.14 14.53 18.08

Werner Enterprises 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 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 14.53 14.93 16.03 17.25 18.08

Werner Enterprises 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.


Werner Enterprises  (NAS:WERN) 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.

Werner Enterprises'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)
=(61.723+0.75 * 444.944+0.5 * 18.077-1590.99
-0-38.607)/63.4447
=-19.31

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

Werner Enterprises'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
=17.664/718.548*365 / 4
=2.24

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

Werner Enterprises'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 )
=718.548 / 17.664
=40.68

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.

Werner Enterprises'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 )
=17.664 / 821.945
=0.02

* 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.


Werner Enterprises Total Inventories Related Terms

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Werner Enterprises (Werner Enterprises) Business Description

Traded in Other Exchanges
Address
14507 Frontier Road, Post Office Box 45308, Omaha, NE, USA, 68145-0308
Werner Enterprises Inc ranks among the top five full-truckload carriers by revenue, with a fleet of more than 7,800 tractors, including owner-operators. The company has two reportable segments - TTS and Werner Logistics. It derives about 80% of its top line from a wide array of full-truckload shipping services (including dedicated contract carriage; roughly 20% comes from non-asset based logistics operations, including truck brokerage.
Executives
Michelle D. Greene director 1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203
Christopher D Wikoff officer: Exec VP - Treasurer & CFO P.O. BOX 45308, OMAHA NE 68145
Eric J Downing officer: Exec VP and COO P.O. BOX 45308, OMAHA NE 68145
Carmen A Tapio director P.O. BOX 45308, OMAHA NE 68145
Michelle Dye Livingstone director P.O. BOX 45308, OMAHA NE 68145
Scott C Arves director SCHNEIDER NATIONAL, INC., P.O. BOX 2545, GREEN BAY WI 54306
Alexi Wellman director ALTABA, 140 E 45TH STREET, 15TH FLOOR, SUITE 15A, NEW YORK NY 10017
Vikram Mansharamani director P.O. BOX 45308, OMAHA NE 68145
Jim S Schelbe officer: Vice President - Sales C/O WERNER ENTERPRISES INC, PO BO X45308, OMAHA NE 68415-0308
H Marty Nordlund officer: Senior VP-Specialized Services PO BOX 45308, OMAHA NE 68145-0308
Derek J Leathers officer: Senior VP - Van PO BOX 45308, OMAHA NE 68145-0308
Craig T Callahan officer: VP Logistics & Corporate Sales P.O. BOX 45308, OMAHA NE 68145
Clarence L Werner director, 10 percent owner, officer: Chief Executive Officer PO BOX 45308, OMAHA NE 68145
Daragh P Mahon officer: Executive Vice President & CIO P.O. BOX 45308, OMAHA NE 68145
James Lynn Johnson officer: Vice President - Controller PO BOX 45308, OMAHA NE 68145-0308