GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartRent Inc (NYSE:SMRT) » Definitions » Total Inventories

SMRT (SmartRent) Total Inventories : $35.3 Mil (As of Dec. 2024)


View and export this data going back to 2021. Start your Free Trial

What is SmartRent Total Inventories?

SmartRent's total inventories for the quarter that ended in Dec. 2024 was $35.3 Mil. SmartRent's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $35.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SmartRent's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SmartRent's Days Inventory for the three months ended in Dec. 2024 was 128.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. SmartRent's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.71.

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. SmartRent's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.01.


SmartRent Total Inventories Historical Data

The historical data trend for SmartRent'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.

* Premium members only.

SmartRent Total Inventories Chart

SmartRent Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
17.63 33.21 75.73 41.58 35.26

SmartRent Quarterly Data
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 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 41.58 30.90 34.42 35.95 35.26

SmartRent 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.


SmartRent  (NYSE:SMRT) 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.

SmartRent'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)
=(142.482+0.75 * 59.299+0.5 * 35.261-130.741
-0-0)/192.049
=0.38

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

SmartRent'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
=35.6045/25.215*365 / 4
=128.85

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

SmartRent'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 )
=25.215 / 35.6045
=0.71

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.

SmartRent'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 )
=35.6045 / 35.368
=1.01

* 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.


SmartRent Total Inventories Related Terms

Thank you for viewing the detailed overview of SmartRent's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


SmartRent Business Description

Traded in Other Exchanges
N/A
Address
8665 East Hartford Drive, Suite 200, Scottsdale, AZ, USA, 85255
SmartRent Inc is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. Geographical, it operates in the United States and International; majority revenue being generated from the United States.
Executives
John C Dorman director C/O LOANDEPOT, INC. ATTN GENERAL COUNSEL, 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 90402
Kristen Morse Lee officer: General Counsel 8665 E HARTFORD DRIVE SUITE 200, SCOTTSDALE AZ 85255
Robyn Young officer: Chief Marketing Officer 8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 855255
Alana Beard director 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Bruce C Strohm director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Isaiah Derose-wilson officer: Chief Technology Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Robert T. Best director 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Bain Capital Venture Fund 2019, L.p. 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116
Christopher Jon Edmonds officer: Chief Revenue Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Demetrios Barnes officer: Chief Operating Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Mitch Karren officer: Chief Product Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Hiroshi Okamoto officer: CFO 8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 85255
John Hanson Helm 10 percent owner C/O REAL ESTATE TECHNOLOGY VENTURES, 136 HEBER AVE, SUITE 304, PARK CITY UT 84060
Brian M Roberts officer: Chief Legal Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Jonathan Wolter officer: Chief Financial Officer 1235 RADIO ROAD, SUITE 110, REDWOOD CITY CA 94065