Astra Space (Astra Space) Total Inventories : $15.38 Mil (As of Dec. 2023)

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What is Astra Space Total Inventories?

Astra Space's total inventories for the quarter that ended in Dec. 2023 was $15.38 Mil. Astra Space's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $14.53 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Astra Space's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Astra Space's Days Inventory for the three months ended in Dec. 2023 was 1,112.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Astra Space's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.08.

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. Astra Space's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.99.

Astra Space Total Inventories Historical Data

The historical data trend for Astra Space'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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Astra Space Total Inventories Chart

Astra Space Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.65

7.68

4.14

15.38

Astra Space Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial											4.14	6.93	11.23	13.69	15.38

Astra Space 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.

Astra Space (NAS:ASTR) 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.

Astra Space'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)
=	(3.949	+	0.75 * 1.444	+	0.5 * 15.375	-	152.859
-	0	-	0)	/	22.5881
=	-6.20

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

Astra Space'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
	=	14.5305	/	1.192	*	365 / 4
	=	1,112.34

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

Astra Space'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 )
	=	1.192	/	14.5305
	=	0.08

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.

Astra Space'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 )
	=	14.5305	/	2.911
	=	4.99

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.

Astra Space Total Inventories Related Terms

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Astra Space (Astra Space) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astra Space Inc (NAS:ASTR) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

1900 Skyhawk Street, Alameda, CA, USA, 94501

Website

https://www.astra.com

Astra Space Inc is a technology company that provides space services, including satellite launch services and other space services, based on a proprietary, vertically integrated technology platform. It offers launch services, space products, and space services to achieve its space services platform model.

Executives

Scott Stanford	director, 10 percent owner	C/O PERSONALIZED BEAUTY DISCOVERY, INC., 201 BALDWIN AVENUE, SAN MATEO CA 94401
Axel Martinez	officer: Chief Financial Officer	418 STARVIEW DRIVE, DANVILLE CA 94526
Julie A Cullivan	director	17800 N 85TH ST, SCOTTSDALE AZ 85255
Chris Kemp	director, 10 percent owner, officer: See Remarks	1900 SKYHAWK STREET, ALAMEDA CA 94501
A/npc Holdings Llc	10 percent owner	6350 COURT STREET, EAST SYRACUSE NY 13057
Michael E Lehman	director
Michele Angelique Flournoy	director	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Craig Mccaw	director	EAGLE RIVER INC, 2300 CARILLON POINT, KIRKLAND WA 98033
Lisa Nelson	director	1920 4TH AVENUE #1111, SEATTLE WA 98101
Advance Publications, Inc	10 percent owner	950 FINGERBOARD ROAD, STATEN ISLAND NY 10305
Benjamin Lyon	officer: See Remarks	1900 SKYHAWK STREET, ALAMEDA CA 94501
Martin Attiq	officer: Chief Business Officer	1900 SKYHAWK STREET, ALAMEDA CA 94501
Adam London	director, 10 percent owner, officer: Chief Technology Officer	1900 SKYHAWK STREET, ALAMEDA CA 94501
Sherpaventures Fund Ii Gp, Llc	10 percent owner	505 HOWARD STREET, SUITE 201, SAN FRANCISCO CA 94105
Sherpaventures Fund Ii, Lp	10 percent owner	505 HOWARD STREET, SUITE 201, SAN FRANCISCO CA 94105