Simpson Manufacturing Co (Simpson Manufacturing Co) Total Inventories

: $552 Mil (As of Dec. 2023)

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Simpson Manufacturing Co's total inventories for the quarter that ended in Dec. 2023 was $552 Mil. Simpson Manufacturing Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $528 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Simpson Manufacturing Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simpson Manufacturing Co's Days Inventory for the three months ended in Dec. 2023 was 171.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Simpson Manufacturing Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.53.

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. Simpson Manufacturing Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.05.

Simpson Manufacturing Co Total Inventories Historical Data

The historical data trend for Simpson Manufacturing Co'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.

Simpson Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

251.91

283.74

443.76

556.80

551.58

Simpson Manufacturing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																556.80	576.43	523.56	504.45	551.58

Simpson Manufacturing Co 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.

Simpson Manufacturing Co (NYSE:SSD) 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.

Simpson Manufacturing Co'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)
=	(429.822	+	0.75 * 283.975	+	0.5 * 551.575	-	1024.978
-	0	-	0)	/	42.323
=	-2.51

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

Simpson Manufacturing Co'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
	=	528.0105	/	281.213	*	365 / 4
	=	171.33

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

Simpson Manufacturing Co'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 )
	=	281.213	/	528.0105
	=	0.53

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.

Simpson Manufacturing Co'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 )
	=	528.0105	/	501.71
	=	1.05

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.

Simpson Manufacturing Co Total Inventories Related Terms

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Simpson Manufacturing Co (Simpson Manufacturing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Simpson Manufacturing Co Inc (NYSE:SSD) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

TWL:Germany TWL:Germany

Address

5956 W. Las Positas Boulevard, Pleasanton, CA, USA, 94588

Website

https://www.simpsonmfg.com

Simpson Manufacturing Co Inc is a manufacturer of wood construction products. The company offers connectors, truss plates, fastening systems, fasteners, prefabricated lateral systems, concrete construction products, adhesives, mechanical anchors, carbide drill bits, powder-actuated tools, and fiber reinforced materials. Simpson Manufacturing markets its products to the residential, light industrial, and commercial construction markets as well as the remodeling and do-it-yourself markets. The largest end market is the United States.

Executives

Roger Dankel	officer: President, Simpson Strong-Tie	5956 W. LAS POSITAS BLVD., PLEASANTON CA 94588
James S Andrasick	director	SIMPSON MANUFACTURING CO., INC., 5956 W. LAS POSITAS BLVD, PLEASANTON CA 94588
Philip E Donaldson	director	5956 W. LAS POSITAS BLVD., PLEASANTON CA 94588
Kevin Lee Swartzendruber	officer: Senior VP of Finance	5956 W. LAS POSITAS BLVD., PLEASANTON CA 94588
Chau Banks	director	1221 BROADWAY, OAKLAND CA 94612
Felica Coney	director	5956 W. LAS POSITAS BLVD, PLEASANTON CA 94588
Michael Andersen	officer: EVP, Europe	5956 W. LAS POSITAS BLVD, PLEASANTON CA 94588
Karen Winifred Colonias	officer: Vice President	C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254
Brian J Magstadt	officer: Chief Financial Officer	5956 W. LAS POSITAS BLVD., PLEASANTON CA 94588
Phillip Burton	officer: EVP, North America	5956 W. LAS POSITAS BLVD, PLEASANTON CA 94588
Jeremy Gilstrap	officer: EVP, Innovation	5956 W. LAS POSITAS BLVD, PLEASANTON CA 94588
Jennifer Lutz	officer: EVP, Human Resources	5956 W. LAS POSITAS BLVD, PLEASANTON CA 94588
Kenneth D. Knight	director	1400 16TH STREET, SAN FRANCISCO CA 94103
Michael Olosky	officer: Chief Operating Officer	C/O SIMPSON MANUFACTURING CO., INC., 5956 W. LAS POSITAS BLVD, PLEASANTON CA 94588
Michael A Bless	director	C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202