Spirent Communications (Spirent Communications) Total Inventories : $43.5 Mil (As of Dec. 2023)

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What is Spirent Communications Total Inventories?

Spirent Communications's total inventories for the quarter that ended in Dec. 2023 was $43.5 Mil. Spirent Communications's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $42.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Spirent Communications's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spirent Communications's Days Inventory for the six months ended in Dec. 2023 was 114.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spirent Communications's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.59.

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. Spirent Communications's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Spirent Communications Total Inventories Historical Data

The historical data trend for Spirent Communications'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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Spirent Communications Total Inventories Chart

Spirent Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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20.60

22.30

26.00

39.80

43.50

Spirent Communications Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															26.00	39.60	39.80	41.80	43.50

Spirent Communications 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.

Spirent Communications (OTCPK:SPNUF) 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.

Spirent Communications'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)
=	(108.1	+	0.75 * 113.3	+	0.5 * 43.5	-	208
-	0	-	0)	/	571.846
=	0.01

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

Spirent Communications's Days Inventory for the six 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
	=	42.65	/	67.8	*	365 / 2
	=	114.80

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

Spirent Communications'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 )
	=	67.8	/	42.65
	=	1.59

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.

Spirent Communications'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 )
	=	42.65	/	250.4
	=	0.17

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.

Spirent Communications Total Inventories Related Terms

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Spirent Communications (Spirent Communications) Business Description

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Address

108 High Street, Origin One, Crawley, West Sussex, GBR, RH10 1BD

Website

https://corporate.spirent.com

Spirent Communications PLC provides communications technologies including networks, data centers, enterprise IT, mobile communications, connected vehicles or the Internet of Things. The company operates in Networks and Security and Lifecycle Service Assurance segments. The majority of the revenue is derived from the Networks and Security segment that comprises Cloud IP, Application Security and Positioning lines of business with the aim of addressing the needs of the lab test market for Ethernet, Virtual, Data Center, applications test and timing for critical infrastructure.