L3 Technologies (FRA:L3H) Total Inventories : €793 Mil (As of Mar. 2019)

View and export this data going back to 1998. Start your Free Trial

What is L3 Technologies Total Inventories?

L3 Technologies's total inventories for the quarter that ended in Mar. 2019 was €793 Mil. L3 Technologies's average total inventories from the quarter that ended in Dec. 2018 to the quarter that ended in Mar. 2019 was €783 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. L3 Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2019 was €-67.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. L3 Technologies's Days Inventory for the three months ended in Mar. 2019 was 40.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. L3 Technologies's Inventory Turnover for the quarter that ended in Mar. 2019 was 2.27.

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. L3 Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2019 was 0.33.

L3 Technologies Total Inventories Historical Data

The historical data trend for L3 Technologies'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.

L3 Technologies Total Inventories Chart

L3 Technologies Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Total Inventories

Get a 7-Day Free Trial

233.57

305.69

312.84

328.71

772.64

L3 Technologies Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Total Inventories	Get a 7-Day Free Trial															806.13	799.50	780.73	772.64	792.96

L3 Technologies 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.

L3 Technologies (FRA:L3H) 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.

L3 Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2019 is

	Net-Net Working Capital Per Share (Q: Mar. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(980.58	+	0.75 * 711.54	+	0.5 * 792.96	-	7208.325
-	0	-	59.295)	/	79.3972
=	-67.47

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

L3 Technologies's Days Inventory for the three months ended in Mar. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2019 )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
	=	782.8005	/	1776.195	*	365 / 4
	=	40.22

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

L3 Technologies's Inventory Turnover for the quarter that ended in Mar. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2019 )	/	Average Total Inventories (Q: Mar. 2019 )
	=	1776.195	/	782.8005
	=	2.27

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.

L3 Technologies's Inventory to Revenue for the quarter that ended in Mar. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2019 )	/	Revenue (Q: Mar. 2019 )
	=	782.8005	/	2389.5
	=	0.33

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.

L3 Technologies Total Inventories Related Terms

Thank you for viewing the detailed overview of L3 Technologies's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

L3 Technologies (FRA:L3H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3 Technologies Inc (FRA:L3H) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Third Avenue, New York, NY, USA, 10016

Website

http://www.l3t.com

L-3 Technologies (formerly L-3 Communications) provides high-technology products, systems, and subsystems in the defense electronics business. Customers include the U.S. Department of Defense and U.S. government agencies (roughly 70% of sales), as well as foreign governments and commercial customers. Areas of focus include aircraft modernization and maintenance, training and simulation, communication systems, electro-optical sensors, and airport security screening equipment.

L3 Technologies (FRA:L3H) Headlines

No Headlines