NFI Group (TSX:NFI) Total Inventories

: C$1,023 Mil (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

NFI Group's total inventories for the quarter that ended in Dec. 2023 was C$1,023 Mil. NFI Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$1,071 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. NFI Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-14.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NFI Group's Days Inventory for the three months ended in Dec. 2023 was 103.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. NFI Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.88.

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. NFI Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.01.

NFI Group Total Inventories Historical Data

The historical data trend for NFI Group'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.

NFI Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

885.28

841.60

726.65

994.55

1,023.08

NFI Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																994.55	1,144.48	1,113.37	1,118.69	1,023.08

NFI Group 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.

NFI Group (TSX:NFI) 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.

NFI Group'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)
=	(66.563	+	0.75 * 577.238	+	0.5 * 1023.079	-	2679.238
-	0	-	0)	/	118.962
=	-14.02

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

NFI Group'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
	=	1070.8855	/	945.412	*	365 / 4
	=	103.36

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

NFI Group'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 )
	=	945.412	/	1070.8855
	=	0.88

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.

NFI Group'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 )
	=	1070.8855	/	1062.052
	=	1.01

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.

NFI Group Total Inventories Related Terms

Thank you for viewing the detailed overview of NFI Group's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

NFI Group (TSX:NFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NFI Group Inc (TSX:NFI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

NFYEF:USA 9NF:Germany

Address

711 Kernaghan Avenue, Winnipeg, MB, CAN, R2C 3T4

Website

https://www.nfigroup.com

NFI Group Inc is a global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer(heavy-duty transit buses), Alexander Dennis Limited ("ADL") (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC Specialty Vehicles, LLC ("ARBOC") (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). The Company has two reportable segments which are the Company's strategic business units: Manufacturing Operations and Aftermarket Operations. It generates majority revenue from Manufacturing Operations.

NFI Group (TSX:NFI) Headlines

No Headlines