FLIR Systems (FRA:FL4) Total Inventories : €384 Mil (As of Mar. 2021)

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What is FLIR Systems Total Inventories?

FLIR Systems's total inventories for the quarter that ended in Mar. 2021 was €384 Mil. FLIR Systems's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Mar. 2021 was €386 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FLIR Systems's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was €-3.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FLIR Systems's Days Inventory for the three months ended in Mar. 2021 was 162.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. FLIR Systems's Inventory Turnover for the quarter that ended in Mar. 2021 was 0.56.

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. FLIR Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.98.

FLIR Systems Total Inventories Historical Data

The historical data trend for FLIR Systems'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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FLIR Systems Total Inventories Chart

FLIR Systems Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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352.06

314.50

309.50

349.89

388.18

FLIR Systems Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Total Inventories	Get a 7-Day Free Trial															359.76	385.31	403.14	388.18	383.89

FLIR Systems 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.

FLIR Systems (FRA:FL4) 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.

FLIR Systems's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 is

	Net-Net Working Capital Per Share (Q: Mar. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(232.935	+	0.75 * 328.718	+	0.5 * 383.886	-	1107.9
-	0	-	0)	/	131.368
=	-3.32

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

FLIR Systems's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	386.0325	/	216.817	*	365 / 4
	=	162.47

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

FLIR Systems's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2021 )	/	Average Total Inventories (Q: Mar. 2021 )
	=	216.817	/	386.0325
	=	0.56

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.

FLIR Systems's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	386.0325	/	392.543
	=	0.98

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.

FLIR Systems Total Inventories Related Terms

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FLIR Systems (FRA:FL4) Business Description

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Address

27700 SW Parkway Avenue, Wilsonville, OR, USA, 97070

Website

https://www.flir.com

FLIR Systems Inc designs, develops, markets, and distributes technologies that detect people, objects, and substances. The company's two business units are Industrial Technologies and Defense Technologies segment. The Industrial Technologies segment develops components used to create thermal, industrial, and other imaging systems. The Defense Technologies unit develops imaging and recognition solutions for military, law enforcement, and other government customers. The company operates around the world, with a significant portion of revenue coming from the United States.

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