GLUX (Great Lakes Aviation) Total Inventories: $6.38 Mil (As of Sep. 2015)


What is Great Lakes Aviation Total Inventories?

Great Lakes Aviation GLUX Total Inventories is $6.38 Mil as of Sep. 2015.

Great Lakes Aviation's total inventories for the quarter that ended in Sep. 2015 was $6.38 Mil. Great Lakes Aviation's average total inventories from the quarter that ended in Jun. 2015 to the quarter that ended in Sep. 2015 was $6.31 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Great Lakes Aviation's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $-3.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Lakes Aviation's Days Inventory for the three months ended in Sep. 2015 was 171.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Lakes Aviation's Inventory Turnover for the quarter that ended in Sep. 2015 was 0.53.

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. Great Lakes Aviation's Inventory-to-Revenue for the quarter that ended in Sep. 2015 was 0.65.

Great Lakes Aviation  (OTCPK:GLUX) 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.

Great Lakes Aviation's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 is

Net-Net Working Capital Per Share (Q: Sep. 2015 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.922+0.75 * 0+0.5 * 6.383-34.753
-0-0)/8.975
=-3.41

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

Great Lakes Aviation's Days Inventory for the three months ended in Sep. 2015 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2015 )/Cost of Goods Sold (Q: Sep. 2015 )*Days in Period
=6.306/3.354*365 / 4
=171.56

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

Great Lakes Aviation's Inventory Turnover for the quarter that ended in Sep. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2015 ) / Average Total Inventories (Q: Sep. 2015 )
=3.354 / 6.306
=0.53

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.

Great Lakes Aviation's Inventory to Revenue for the quarter that ended in Sep. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2015 ) / Revenue (Q: Sep. 2015 )
=6.306 / 9.691
=0.65

* 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.

Great Lakes Aviation Total Inventories Related Terms

Great Lakes Aviation Total Inventories Historical Data

* Premium members only.

The historical data trend for Great Lakes Aviation'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.

Great Lakes Aviation Total Inventories Chart

Great Lakes Aviation Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.59 7.57 8.97 8.67 6.58

Great Lakes Aviation Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.17 6.58 7.02 6.23 6.38

Great Lakes Aviation 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $6.38 Mil mean?
Great Lakes Aviation (GLUX) has a Total Inventories of $6.38 Mil as of Sep. 2015. The total amount of inventory as recorded on a company's balance sheet. View historical data for Great Lakes Aviation and its competitors.
Is Great Lakes Aviation's Total Inventories too high?
Great Lakes Aviation's current Total Inventories is $6.38 Mil.
How does Great Lakes Aviation's Total Inventories compare to MESA?
Great Lakes Aviation's Total Inventories of $6.38 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Transportation company?
A good Total Inventories depends on the Transportation industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Great Lakes Aviation and its competitors. Great Lakes Aviation's current Total Inventories is $6.38 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Lakes Aviation stock overvalued right now?
Great Lakes Aviation (GLUX) has a current Total Inventories of $6.38 Mil. The current Total Inventories is $6.38 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Great Lakes Aviation (GLUX), the current Total Inventories is $6.38 Mil as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Great Lakes Aviation Business Description

Address 1022 Airport Parkway, Cheyenne, WY, USA, 82001
Great Lakes Aviation Ltd is the United States based regional airline operating as an independent carrier.