The Eastern Co (The Eastern Co) Total Inventories : $59.3 Mil (As of Dec. 2023)

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What is The Eastern Co Total Inventories?

The Eastern Co's total inventories for the quarter that ended in Dec. 2023 was $59.3 Mil. The Eastern Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $60.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Eastern Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-8.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Eastern Co's Days Inventory for the three months ended in Dec. 2023 was 111.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Eastern Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

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. The Eastern Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.90.

The Eastern Co Total Inventories Historical Data

The historical data trend for The Eastern Co'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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The Eastern Co Total Inventories Chart

The Eastern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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54.60

43.12

62.86

64.64

59.27

The Eastern Co 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															64.64	57.65	57.54	60.65	59.27

The Eastern Co 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.

The Eastern Co (NAS:EML) 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.

The Eastern Co'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)
=	(9.286	+	0.75 * 37.057	+	0.5 * 59.272	-	119.559
-	0	-	0)	/	6.21737
=	-8.50

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

The Eastern Co'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
	=	59.9605	/	49.054	*	365 / 4
	=	111.54

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

The Eastern Co'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 )
	=	49.054	/	59.9605
	=	0.82

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.

The Eastern Co'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 )
	=	59.9605	/	66.986
	=	0.90

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.

The Eastern Co Total Inventories Related Terms

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The Eastern Co (The Eastern Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Eastern Co (NAS:EML) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Enterprise Drive, Suite 408, Shelton, CT, USA, 06484

Website

https://www.easterncompany.com

The Eastern Co manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. It operates in United States and Other Countries, and generates majority of the revenue from United States.

Executives

Frederick D. Disanto	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
Mark Anthony Hernandez	director	112 BRIDGE STREET, NAUGATUCK CT 06770
Michael J Mardy	director
Charles W Henry	director	62 TUNXIS VILLAGE, FARMINGTON CT 06032
James A Mitarotonda	director, 10 percent owner	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Nicholas Alec Vlahos	officer: Chief Financial Officer	3 ENTERPRISE DRIVE SUITE 408, SHELTON CT 06484
Peter S. O'hara	officer: Chief Financial Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Barington Capital Group L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Equity Partners L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Investors, Llc	director, 10 percent owner	C/O BARINGTON CAPITAL GROUP, L.P., 888 SEVENTH AVENUE, 17TH FLOOR, NEW YORK NY 10019
James P. Woidke	officer: Chief Operating Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Sullivan John L Iii	officer: VP, Sect'y and Treas	13 CEDAR DRIVE, CROMWELL CT 06416
August M. Vlak	officer: President & CEO	112 BRIDGE STREET, NAUGATUCK CT 06770
Peggy Scott	director	15438 NORTH FLORIDA AVENUE, SUITE 201, TAMPA FL 33613
Angelo Labbadia	officer: Vice President & COO	230 SYCAMORE DRIVE, PROSPECT CT 06712