Cooper-Standard Holdings (Cooper-Standard Holdings) Total Inventories : $147 Mil (As of Dec. 2023)

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What is Cooper-Standard Holdings Total Inventories?

Cooper-Standard Holdings's total inventories for the quarter that ended in Dec. 2023 was $147 Mil. Cooper-Standard Holdings's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $164 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cooper-Standard Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-83.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cooper-Standard Holdings's Days Inventory for the three months ended in Dec. 2023 was 24.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cooper-Standard Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.71.

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. Cooper-Standard Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

Cooper-Standard Holdings Total Inventories Historical Data

The historical data trend for Cooper-Standard Holdings'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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Cooper-Standard Holdings Total Inventories Chart

Cooper-Standard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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143.44

143.74

158.08

157.76

146.85

Cooper-Standard Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															157.76	172.49	173.00	181.05	146.85

Cooper-Standard Holdings 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.

Cooper-Standard Holdings (NYSE:CPS) 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.

Cooper-Standard Holdings'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)
=	(154.801	+	0.75 * 380.562	+	0.5 * 146.846	-	1962.032
-	0	-	-8.433)	/	17.1975
=	-83.73

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

Cooper-Standard Holdings'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
	=	163.948	/	608.943	*	365 / 4
	=	24.57

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

Cooper-Standard Holdings'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 )
	=	608.943	/	163.948
	=	3.71

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.

Cooper-Standard Holdings'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 )
	=	163.948	/	673.643
	=	0.24

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.

Cooper-Standard Holdings Total Inventories Related Terms

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Cooper-Standard Holdings (Cooper-Standard Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cooper-Standard Holdings Inc (NYSE:CPS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

C31:Germany

Address

40300 Traditions Drive, Northville, MI, USA, 48168

Website

https://www.cooperstandard.com

Cooper-Standard Holdings Inc is a supplier of rubber and resin products for the automotive industry. The company produces rubber and plastic sealings, fuel and brake lines, fluid transfer hoses, and anti-vibration systems used by original equipment manufacturers and replacement markets for passenger vehicles and light trucks. The largest customers include Ford, GM, FCA, Peugeot Citroen, and Volkswagen. Cooper Standard generates the majority of its revenue with its sealing systems products such as Fortrex, dynamic and static seals, stainless steel trims, flush glass systems, and variable extrusions.

Executives

Maryann Peterson Kanary	officer: See remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Amy B. Kulikowski	officer: VP, Chief Accounting Officer	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Patrick Clark	officer: See Remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Somasundhar Venkatasubramanian	officer: See remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Jeffrey S Edwards	officer: President and CEO	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Larry Ott	officer: VP Global HR	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Van Oss Stephen A	director
Christopher Couch	officer: See Remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Rebecca Mccabe	officer: VP, Chief Accounting Officer	40300 TRADITIONS DRIVE, 40300, NORTHVILLE MI 48168
Christine M Moore	director	411 WEST LAFAYETTE, DETROIT MI 48226
Justin E Mirro	director	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
John G. Boss	director	260 HUDSON RIVER ROAD, WATERFORD NY 12188
Jeffrey A. Debest	officer: See Remarks	39550 ORCHARD HILL PLACE, NOVI MI 48375
Susan P. Kampe	officer: See Remarks	39550 ORCHARD HILL PLACE, NOVI MI 48375
Peter C. Brusate	officer: Corp. Controller and CAO	39550 ORCHARD HILL PLACE, NOVI MI 48375