Circor International (Circor International) Total Inventories : $167.0 Mil (As of Jun. 2023)

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What is Circor International Total Inventories?

Circor International's total inventories for the quarter that ended in Jun. 2023 was $167.0 Mil. Circor International's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Jun. 2023 was $162.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Circor International's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-31.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Circor International's Days Inventory for the three months ended in Jun. 2023 was 105.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Circor International's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.87.

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. Circor International's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.78.

Circor International Total Inventories Historical Data

The historical data trend for Circor International'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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Circor International Total Inventories Chart

Circor International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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143.68

137.31

128.09

123.34

139.79

Circor International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Inventories	Get a 7-Day Free Trial															134.25	137.41	139.79	156.97	166.96

Circor International 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.

Circor International (NYSE:CIR) 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.

Circor International's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(58.637	+	0.75 * 112.763	+	0.5 * 166.955	-	873.698
-	0	-	0)	/	20.3918
=	-31.73

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

Circor International's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	161.961	/	140.224	*	365 / 4
	=	105.40

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

Circor International's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	140.224	/	161.961
	=	0.87

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.

Circor International's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	161.961	/	208.809
	=	0.78

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.

Circor International Total Inventories Related Terms

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Circor International (Circor International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Circor International Inc (NYSE:CIR) » Definitions » Total Inventories

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Address

30 Corporate Drive, Suite 200, Burlington, MA, USA, 01803-4238

Website

https://www.circor.com

Circor International Inc. designs manufactures, and markets differentiated technology products and sub-systems. It has two reportable business segments: aerospace & defense and industrial. Circor primarily delivers flow control products and services to original equipment manufacturers (OEMs) and engineering, procurement, and construction (EPC) companies worldwide. Some of its products include positive displacement pumps, motors, specialty centrifugal pumps, metering pumps, automatic recirculating valves, control & actuators valves, and high-pressure pneumatic systems. While Circor serves diverse geographical segments, most of the company sales are generated in the United States, with valves and pumps under its industrial segment contributing the most to the company's profit.

Executives

Forrest Tiedeman	officer: Vice President, Treasury & Tax	C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Samuel R. Chapin	director	940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Tony S. Najjar	director, officer: President and CEO	C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Helmuth Ludwig	director	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Arjun Sharma	officer: CFO and SVP Bus Development	50 PARK ROW WEST, PROVIDENCE RI 02903
John A Odonnell	director	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Jessica Wiley Wenzell	officer: SVP, General Counsel & CPO	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Jill D. Smith	director	1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Tina Donikowski	director	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Losak Joseph C. Ii	officer: VP Finance, Controller, PAO	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
George Arthur L Jr	director	12500 TI BOULEVARD, MS 8476, DALLAS TX 75243
Sumit Mehrotra	officer: Group Pres, Adv Flow Solutions	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Tanya Dawkins	officer: Director and Treasurer	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Amit Goel	officer: VP Finance, Corp. Controller	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803