Nortek's total inventories for the quarter that ended in Jun. 2016 was $375 Mil. Nortek's average total inventories from the quarter that ended in Mar. 2016 to the quarter that ended in Jun. 2016 was $387 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nortek's Net-Net Working Capital per share for the quarter that ended in Jun. 2016 was $-99.56.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nortek's Days Inventory for the
three
months ended in Jun. 2016 was 74.71.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nortek's Inventory Turnover for the quarter that ended in Jun. 2016 was 1.22.
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.
Nortek's Inventory-to-Revenue for the quarter that ended in Jun. 2016 was 0.56.
Nortek Total Inventories Historical Data
The historical data trend for Nortek'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.
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.
Nortek (NAS:NTK) 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.
Nortek's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2016 is
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.
Nortek's Inventory to Revenue for the quarter that ended in Jun. 2016 is calculated as
* 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.
Nortek Total Inventories Related Terms
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Nortek Inc was incorporated in Delaware. The Company and its wholly-owned subsidiaries are diversified manufacturers of innovative, branded residential and commercial building products. The Company operates within five reporting segments: the Residential Ventilation ("RESV") segment, the Technology Solutions ("TECH") segment, the Display Mount Solutions ("DMS") segment, the Residential Heating and Cooling ("RHC") segment, and the Custom & Engineered Solutions ("CES") segment. The Company manufactures and sells, primarily in the United States, Canada and Europe. The Company's Residential Ventilation Products segment manufactures and distributes room and whole house ventilation products and other products for the professional remodeling and replacement markets, residential new construction market and DIY market. The principal products of the segment, which are sold under the Broan, NuTone, Venmar, Best and Zephyr brand names, among others, are kitchen range hoods, exhaust fans (such as bath fans and fan, heater and light combination units), and indoor air quality products (such as air exchangers and heat or energy recovery ventilators). The Company's TECH segment manufactures and distributes a broad array of products designed to provide convenience and security for residential and certain commercial applications. The Company's DMS segment manufactures and distributes a broad array of innovative products designed with ergonomic features including wall mounts, carts, arms, desk mounts, workstations, and stands that attach to or support a variety of display devices such as notebook computers, computer monitors, and flat panel displays. The RHC segment principally manufactures and sells split-system and packaged air conditioners and heat pumps, air handlers, furnaces and related equipment, accessories, and parts for the residential replacement and new construction markets, as well as for certain commercial markets. The CES segment manufactures and sells custom-designed and engineered HVAC products and systems, primarily in North America, for non-residential applications that include healthcare and educational facilities, commercial buildings, manufacturing facilities, clean rooms, data centers, and government buildings. The Company is subject to numerous federal, state, local and foreign laws and regulations.
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