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Eagle Materials (Eagle Materials) Total Inventories

: $334 Mil (As of Dec. 2023)
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Eagle Materials's total inventories for the quarter that ended in Dec. 2023 was $334 Mil. Eagle Materials's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $318 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Eagle Materials's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-34.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eagle Materials's Days Inventory for the three months ended in Dec. 2023 was 76.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eagle Materials's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.19.

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. Eagle Materials's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.


Eagle Materials Total Inventories Historical Data

The historical data trend for Eagle Materials'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.

Eagle Materials Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Inventories
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 275.19 272.12 235.75 236.66 291.88

Eagle Materials 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 247.16 291.88 302.53 301.37 333.83

Eagle Materials 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.


Eagle Materials  (NYSE:EXP) 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.

Eagle Materials'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)
=(48.912+0.75 * 192.982+0.5 * 333.828-1557.179
-0-0)/34.4744
=-34.71

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

Eagle Materials'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
=317.601/378.205*365 / 4
=76.63

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

Eagle Materials'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 )
=378.205 / 317.601
=1.19

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.

Eagle Materials'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 )
=317.601 / 558.833
=0.57

* 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.


Eagle Materials Total Inventories Related Terms

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Eagle Materials (Eagle Materials) Business Description

Traded in Other Exchanges
Address
5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225
Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include gypsum wallboard, and are sold to the construction and building industries. Basic materials used for oil and natural gas extraction include frac sand and oil well cement. The firm organizes itself into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments.
Executives
Eric Cribbs officer: Executive Vice President 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225
Matt Newby officer: EVP & General Counsel 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225
Richard Ross Stewart director 2707 N LOOP WEST 9TH FL, HOUSTON TX 77008
Dale Craig Kesler officer: EVP and CFO 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Michael Haack director, officer: President & CEO 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Robert S Stewart officer: EVP-Strategy & Corp. Develop. C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
William R Devlin officer: Vice President & Controller C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
Tony Thompson officer: Senior Vice President 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225
George John Damiris director 100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
David B Powers officer: Executive Vice President C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75201
Steven L Wentzel officer: President (American Gypsum) 5960 BERKSHIRE LN #800, DALLAS TX 75225
Bowman Ed H Jr director C/O F.Y.I. INC, 3232 MCKINNEY AVE STE 900, DALLAS TX 75204
James H Graass officer: EVP & General Counsel C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
Martin M Ellen director 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225
Mauro Gregorio director 2211 H.H. DOW WAY, MIDLAND MI 48674