The Shyft Group's total inventories for the quarter that ended in Mar. 2024 was $97.9 Mil. The Shyft Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $101.5 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Shyft Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-4.06.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
The Shyft Group's Days Inventory for the
three
months ended in Mar. 2024 was 56.55.
Inventory Turnover measures how fast the company turns over its inventory within a year.
The Shyft Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.61.
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.
The Shyft Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.51.
The Shyft Group Total Inventories Historical Data
The historical data trend for The Shyft Group'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.
The Shyft Group (NAS:SHYF) 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.
The Shyft Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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.
The Shyft Group's Inventory to Revenue for the quarter that ended in Mar. 2024 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.
The Shyft Group Total Inventories Related Terms
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The Shyft Group (The Shyft Group) Business Description
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
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