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Gencor Industries's total inventories for the quarter that ended in Jun. 2024 was $63.2 Mil. Gencor Industries's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was $63.5 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Gencor Industries's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $9.78.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gencor Industries's Days Inventory for the three months ended in Jun. 2024 was 297.92.
Inventory Turnover measures how fast the company turns over its inventory within a year. Gencor Industries's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.31.
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. Gencor Industries's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.48.
The historical data trend for Gencor Industries'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.
Gencor Industries Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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25.37 | 27.09 | 41.89 | 55.82 | 71.53 |
Gencor Industries Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Total Inventories | Get a 7-Day Free Trial |
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66.79 | 71.53 | 72.21 | 63.73 | 63.23 |
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.
Gencor Industries (AMEX:GENC) 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.
Gencor Industries's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is
Net-Net Working Capital Per Share (Q: Jun. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (116.585 | + | 0.75 * 2.923 | + | 0.5 * 63.232 | - | 7.066 |
- | 0 | - | 0) | / | 14.658 | ||
= | 9.78 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gencor Industries's Days Inventory for the three months ended in Jun. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2024 ) | / | Cost of Goods Sold (Q: Jun. 2024 ) | * | Days in Period |
= | 63.482 | / | 19.444 | * | 365 / 4 | |
= | 297.92 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Gencor Industries's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2024 ) | / | Average Total Inventories (Q: Jun. 2024 ) |
= | 19.444 | / | 63.482 | |
= | 0.31 |
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.
Gencor Industries's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2024 ) | / | Revenue (Q: Jun. 2024 ) |
= | 63.482 | / | 25.551 | |
= | 2.48 |
* 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.
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.
Thank you for viewing the detailed overview of Gencor Industries's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Marc G Elliott | officer: Pres., Const. Equip. Group | 5201 N ORANGE BLOSSOM TRAIL, ORLANDO FL 32810 |
Jeanne M Lyons | officer: Secretary | 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810 |
Ketcham Walter A Jr | director | 5201 N ORANGE BLOSSOM TRAIL, ORLANDO FL 32810 |
Thomas A. Vecchiolla | director | 601 QUEEN STREET, ALEXANDRIA VA 22314 |
Eric E Mellen | officer: CFO | 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810 |
James P Sharp | director | 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810 |
John G Coburn | director | 10505 GUNSTON ROAD, HORTON VA 22079 |
Sherry Houtkin | 10 percent owner | 3900 ISLAND BLVD., PENTHOUSE 4, AVENTURA FL 33160 |
David Air | director | PO BOX 1188, DUNDEE FL 33838 |
Dondero Cort J | director | |
Lawrence C Maingot | officer: Vice President and Controller | 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810 |
Dennis Bryan Hunt | officer: Senior Vice President | 2790 MARSH WREN CIRCLE, LONGWOOD FL 32779 |
Lawrence K Miles | officer: Vice President Product Support | 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810 |
Lowell Raymond Adams | officer: CFO and Treasurer | 1722 SE HALYARD LANE, VANCOUVER WA 98661 |
Robert A Mifflin | officer: Interim CFO | 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810 |
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