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Alpha Pro Tech's total inventories for the quarter that ended in Dec. 2024 was $22.73 Mil. Alpha Pro Tech's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $21.91 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Alpha Pro Tech's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $2.05.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alpha Pro Tech's Days Inventory for the three months ended in Dec. 2024 was 231.69.
Inventory Turnover measures how fast the company turns over its inventory within a year. Alpha Pro Tech's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.39.
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. Alpha Pro Tech's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.59.
The historical data trend for Alpha Pro Tech'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.
Alpha Pro Tech Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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16.75 | 24.97 | 24.40 | 20.13 | 22.73 |
Alpha Pro Tech Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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20.13 | 20.77 | 20.79 | 21.08 | 22.73 |
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.
Alpha Pro Tech (AMEX:APT) 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.
Alpha Pro Tech's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (18.636 | + | 0.75 * 4.894 | + | 0.5 * 22.733 | - | 11.508 |
- | 0 | - | 0) | / | 10.817 | ||
= | 2.05 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Alpha Pro Tech's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 21.905 | / | 8.627 | * | 365 / 4 | |
= | 231.69 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Alpha Pro Tech's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 8.627 | / | 21.905 | |
= | 0.39 |
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.
Alpha Pro Tech's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 21.905 | / | 13.817 | |
= | 1.59 |
* 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.
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.
Thank you for viewing the detailed overview of Alpha Pro Tech's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
John Ritota | director | C/O ALPHA PRO TECH LTD, 60 CENTURIAN DR STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2 |
David R Garcia | director | 60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R9R2 |
Mcdonald Colleen J | officer: CFO | 60 CENTURIAN DRIVE SUITE 112, MARKHAM A6 L3R 9R2 |
James Buchan | director | 60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R9R2 |
Benjamin A Shaw | director | 160 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R 9R2 |
Charles D Montgomery | officer: Sr. V.P. Engineered Products | 60 CENTURIAN DRIVE SUITE#112, MARKHAM A6 L3R 9R2 |
Russell Manock | director | C/O ALPHA PRO TECH LTD, 60 CENTURIAN DR, MARKHAM CANADA A6 9999999999 |
Lloyd Hoffman | officer: CFO and Sr VP Finance and Admi | C/O ALPHA PRO TECH LTD, 60 CENTURIAN DRIVE STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2 |
Donna Millar | director | 60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R 9R2 |
David B Anderson | director | 60 CENTURIAN DRIVE SUITE # 112, MARKHAM A6 L3R 9R2 |
Al Millar | director, officer: President | C/O ALPHA PRO TECH LTD, 60 CENTURIAN DRIVE STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2 |
Sheldon Hoffman | director, officer: C.E.O. | 60 ENTURIAN DRIVE STE 112, C/O ALPHA PRO TECH LTD, MARKHAM ONTAIRO CANADA A6 0000 |
Donald Bennett | director | |
Scheerer Michael | officer: Sr VP- Sales & marketing | 60 CENTURIAN DRIVE STE 112, C/O ALPHA PRO TECH LTD, MARKHAM ONTARIO CANA A6 0000 |
Robert Isaly | director |
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