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ATSG (Air Transport Services Group) Total Inventories : $50 Mil (As of Sep. 2024)


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What is Air Transport Services Group Total Inventories?

Air Transport Services Group's total inventories for the quarter that ended in Sep. 2024 was $50 Mil. Air Transport Services Group's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $50 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Air Transport Services Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-33.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air Transport Services Group's Days Inventory for the three months ended in Sep. 2024 was 11.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Air Transport Services Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 7.94.

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. Air Transport Services Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.11.


Air Transport Services Group Total Inventories Historical Data

The historical data trend for Air Transport Services 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.

Air Transport Services Group Total Inventories Chart

Air Transport Services Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.40 40.41 49.20 57.76 49.94

Air Transport Services Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.68 49.94 49.85 50.55 49.69

Air Transport Services 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.


Air Transport Services Group  (NAS:ATSG) 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.

Air Transport Services Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

Net-Net Working Capital Per Share (Q: Sep. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(44.873+0.75 * 185.251+0.5 * 49.69-2416.084
-0-0)/65.7599
=-33.57

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

Air Transport Services Group's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=50.119/398.072*365 / 4
=11.49

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

Air Transport Services Group's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=398.072 / 50.119
=7.94

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.

Air Transport Services Group's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=50.119 / 471.253
=0.11

* 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.


Air Transport Services Group Total Inventories Related Terms

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Air Transport Services Group Business Description

Traded in Other Exchanges
Address
145 Hunter Drive, Wilmington, OH, USA, 45177
Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.
Executives
Joseph C Hete officer: President & CEO
Michael L Berger officer: Chief Commercial Officer C\O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Koharik Edward Joseph Iii officer: Chief Operating Officer C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Johns Raymond E Jr director C\O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Jeffrey J Vorholt director 13 VIA ROMA, PALM COAST FL 32137
Amazon Com Inc 10 percent owner 410 TERRY AVENUE NORTH, SEATTLE WA 98109
Matthew E. Fedders officer: VP, Corporate Controller C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Paul Chase officer: Chief Commercial Officer C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
W Joseph Payne officer: Sr. VP, General Counsel & Sec. ABX AIR INC, 145 HUNTER DRIVE, WILMINGTON OH 45177
Quint O Turner officer: Chief Financial Officer 145 HUNTER DRIVE, WILMINGTON OH 45177
Jeffrey A. Dominick director ABX HOLDINGS, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Randy D Rademacher director ABX AIR, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
John Christopher Teets director C/O RED MOUNTAIN CAPITAL MANAGEMENT INC., 10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067
Richard Francis Corrado officer: Chief Commercial Officer C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Phyllis J Campbell director C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177