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ITT's total inventories for the quarter that ended in Dec. 2024 was $591 Mil. ITT's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $606 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ITT's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-8.70.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ITT's Days Inventory for the three months ended in Dec. 2024 was 90.24.
Inventory Turnover measures how fast the company turns over its inventory within a year. ITT's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.01.
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. ITT's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.65.
The historical data trend for ITT'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.
ITT Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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360.50 | 430.90 | 533.90 | 575.40 | 591.20 |
ITT Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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575.40 | 609.40 | 564.30 | 620.50 | 591.20 |
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.
ITT (NYSE:ITT) 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.
ITT's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (439.3 | + | 0.75 * 672.1 | + | 0.5 * 591.2 | - | 1941.1 |
- | 0 | - | 7) | / | 81.500 | ||
= | -8.70 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
ITT's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 605.85 | / | 612.6 | * | 365 / 4 | |
= | 90.24 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
ITT's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 612.6 | / | 605.85 | |
= | 1.01 |
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.
ITT's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 605.85 | / | 929 | |
= | 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.
Thank you for viewing the detailed overview of ITT's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryan F. Flynn | officer: See Remarks | 56 TECHNOLOGY DR., IRVINE CA 92618 |
Don Defosset | director | C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880 |
Nazzic S Keene | director | 1710 SAIC DRIVE, MCLEAN VA 22102 |
Kevin C Berryman | director | 521 WEST 57TH STREET, NEW YORK NY 10019 |
Maurine C. Lembesis | officer: See Remarks | 8 RYANS RUN, PLEASANT VALLEY NY 12569 |
Carlo Ghirardo | officer: See Remarks | VIA BONINO, 5, BRA (CN) L6 12042 |
Fernando Roland | officer: SVP & Pres Industrial Process | 100 WASHINGTON BLVD., 6TH FLOOR, STAMFORD CT 06902 |
Lori B. Marino | officer: SVP, General Counsel | 100 WASHINGTON BLVD, STAMFORD CT 06902 |
De Mesa Graziano Cheryl | officer: VP, Chief Accounting Officer | 80 GRASSLANDS ROAD, ELMSFORD NY 10523 |
Emmanuel Caprais | officer: Chief Financial Officer | 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604 |
Mary Elizabeth Gustafsson | officer: See Remarks | ITT CORPORATION, 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604 |
Timothy H Powers | director | C/O RICHARD W DAVLES HUBBELL INC, 684 DERBY MILFORD RD, ORANGE CT 06477 |
Luca Savi | officer: See Remarks | C/O ITT CORPORATION, 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604 |
Bartek Markowiecki | officer: SVP, Strategy & Corp Dev. | C/O ITT INC., 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604 |
Orlando D Ashford | director | C/O AMERANT BANK, 220 ALHAMBRA CR., CORAL GABLES FL 33134 |
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