Motorcar Parts of America (FRA:54M) Total Inventories : €361.1 Mil (As of Dec. 2023)

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What is Motorcar Parts of America Total Inventories?

Motorcar Parts of America's total inventories for the quarter that ended in Dec. 2023 was €361.1 Mil. Motorcar Parts of America's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was €352.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Motorcar Parts of America's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-20.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Motorcar Parts of America's Days Inventory for the three months ended in Dec. 2023 was 247.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Motorcar Parts of America's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

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. Motorcar Parts of America's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.23.

Motorcar Parts of America Total Inventories Historical Data

The historical data trend for Motorcar Parts of America'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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Motorcar Parts of America Total Inventories Chart

Motorcar Parts of America Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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214.34

212.39

254.45

350.04

332.74

Motorcar Parts of America 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															368.70	332.74	336.15	343.32	361.09

Motorcar Parts of America 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.

Motorcar Parts of America (FRA:54M) 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.

Motorcar Parts of America'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)
=	(13.169	+	0.75 * 85.288	+	0.5 * 361.094	-	654.904
-	0	-	0)	/	19.6624
=	-20.20

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

Motorcar Parts of America'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
	=	352.2075	/	130.048	*	365 / 4
	=	247.13

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

Motorcar Parts of America'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 )
	=	130.048	/	352.2075
	=	0.37

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.

Motorcar Parts of America'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 )
	=	352.2075	/	157.597
	=	2.23

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.

Motorcar Parts of America Total Inventories Related Terms

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Motorcar Parts of America (FRA:54M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Motorcar Parts of America Inc (FRA:54M) » Definitions » Total Inventories

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MPAA:USA

Address

2929 California Street, Torrance, CA, USA, 90503

Website

https://www.motorcarparts.com

Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.

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