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Quanex Building Products Total Inventories

: $76.1 Mil (As of Jan. 2021)
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Quanex Building Products's total inventories for the quarter that ended in Jan. 2021 was $76.1 Mil. Quanex Building Products's average total inventories from the quarter that ended in Oct. 2020 to the quarter that ended in Jan. 2021 was $68.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Quanex Building Products's Net-Net Working Capital per share for the quarter that ended in Jan. 2021 was $-5.21.

Inventory can be measured by days sales of inventory (DSI). Quanex Building Products's days sales of inventory (DSI) for the three months ended in Jan. 2021 was 27.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quanex Building Products's Days Inventory for the three months ended in Jan. 2021 was 35.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Quanex Building Products's Inventory Turnover for the quarter that ended in Jan. 2021 was 2.57.

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. Quanex Building Products's Inventory-to-Revenue for the quarter that ended in Jan. 2021 was 0.30.

Quanex Building Products Total Inventories Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Quanex Building Products Annual Data
Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Total Inventories Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 84.34 87.53 70.73 67.16 61.18

Quanex Building Products Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
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 78.12 75.07 63.94 61.18 76.08

Quanex Building Products 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.

Quanex Building Products  (NYSE:NX) 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.

Quanex Building Products's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2021 is

Net-Net Working Capital Per Share (Q: Jan. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(43.426+0.75 * 82.538+0.5 * 76.076-316.563
-0-0)/33.212
=-5.21

2. Inventory can be measured by Days Sales of Inventory (DSI).

Quanex Building Products's Days Sales of Inventory for the three months ended in Jan. 2021 is

Days Sales of Inventory (DSI)
=Total Inventories (Q: Jan. 2021 )/Revenue (Q: Jan. 2021 )*Days in Period
=68.6285/230.147*365 / 4
=27.21

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

Quanex Building Products's Days Inventory for the three months ended in Jan. 2021 is calculated as:

Days Inventory=Total Inventories (Q: Jan. 2021 )/Cost of Goods Sold (Q: Jan. 2021 )*Days in Period
=68.6285/176.397*365 / 4
=35.50

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

Quanex Building Products's Inventory Turnover for the quarter that ended in Jan. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2021 ) / Total Inventories (Q: Jan. 2021 )
=176.397 / 68.6285
=2.57

5. 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.

Quanex Building Products's Inventory to Revenue for the quarter that ended in Jan. 2021 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Jan. 2021 ) / Revenue (Q: Jan. 2021 )
=68.6285 / 230.147
=0.30

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Quanex Building Products Total Inventories Related Terms

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