Griffon (Griffon) Total Inventories

: $479 Mil (As of Dec. 2023)

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Griffon's total inventories for the quarter that ended in Dec. 2023 was $479 Mil. Griffon's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $493 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Griffon's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-29.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Griffon's Days Inventory for the three months ended in Dec. 2023 was 110.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Griffon's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

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. Griffon's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.

Griffon Total Inventories Historical Data

The historical data trend for Griffon'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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Griffon Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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442.12

320.19

472.79

669.19

507.13

Griffon 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															646.35	574.09	554.96	507.13	478.61

Griffon 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.

Griffon (NYSE:GFF) 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.

Griffon'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)
=	(110.546	+	0.75 * 299.594	+	0.5 * 478.609	-	2108.291
-	0	-	0)	/	51.387
=	-29.85

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

Griffon'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
	=	492.8695	/	406.512	*	365 / 4
	=	110.63

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

Griffon'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 )
	=	406.512	/	492.8695
	=	0.82

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.

Griffon'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 )
	=	492.8695	/	643.153
	=	0.77

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.

Griffon Total Inventories Related Terms

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Griffon (Griffon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Griffon Corp (NYSE:GFF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

GFF:Germany

Address

712 Fifth Avenue, 18th Floor, New York, NY, USA, 10019

Website

https://www.griffon.com

Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products and Home and Building Products. The company generates a majority of its revenue from the Home and Building Products segment.

Executives

Voss Value-oriented Special Situations Fund, Lp	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, L.p.	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, Lp	director, other: See Remarks	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Travis W. Cocke	director, other: See Remarks	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Advisors Gp, Llc	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Capital, Llc	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Michelle L Taylor	director	712 FIFTH AVENUE, C/O GRIFFON CORPORATION, NEW YORK NY 10019
Diao H.c. Charles	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Lacy M. Johnson	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Louis J. Grabowsky	director	6605 ABERDEEN, DALLAS TX 75230
Henry A Alpert	director
Kevin F Sullivan	director	C/O GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Jerome L Coben	director	5482 WILSHIRE BLVD., #1579, LOS ANGELES CA 90036
Thomas Brosig	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Seth L. Kaplan	officer: Sr VP, Gen. Counsel and Secy	712 FIFTH AVENUE, 18TH FLOOR, NEW YORK NY 10019