Magellan Aerospace (TSX:MAL) Total Inventories : C$284.1 Mil (As of Dec. 2024)

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What is Magellan Aerospace Total Inventories?

Magellan Aerospace's total inventories for the quarter that ended in Dec. 2024 was C$284.1 Mil. Magellan Aerospace's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was C$282.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Magellan Aerospace's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was C$-0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Magellan Aerospace's Days Inventory for the three months ended in Dec. 2024 was 123.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Magellan Aerospace's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.74.

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. Magellan Aerospace's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.17.

Magellan Aerospace Total Inventories Historical Data

The historical data trend for Magellan Aerospace'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.

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Magellan Aerospace Total Inventories Chart

Magellan Aerospace Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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213.12

208.58

226.36

258.45

284.08

Magellan Aerospace 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															258.45	269.19	275.62	279.98	284.08

Magellan Aerospace 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.

Magellan Aerospace (TSX:MAL) 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.

Magellan Aerospace'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)
=	(56.437	+	0.75 * 187.881	+	0.5 * 284.082	-	343.437
-	0	-	3.377)	/	57.139
=	-0.13

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

Magellan Aerospace'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
	=	282.0285	/	208.278	*	365 / 4
	=	123.56

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

Magellan Aerospace'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 )
	=	208.278	/	282.0285
	=	0.74

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.

Magellan Aerospace'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 )
	=	282.0285	/	240.704
	=	1.17

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.

Magellan Aerospace Total Inventories Related Terms

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Magellan Aerospace Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (TSX:MAL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

MALJF:USA 4M7A:Germany 4M7A:Germany

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry, through its subsidiary engineers and manufactures aero-engine and aerostructure components for aerospace markets, including advanced products for defense and space markets, and complementary specialty products. It operates activities in one reportable segment, Aerospace, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. It generates revenue through the Sale of goods and Services. Geographically it operates in Canada, the United States, and Europe. It generates the majority of its revenue from Canada.

Executives

Michael Gribe	Senior Officer
Karen Yoshiki-gravelsins	Senior Officer
Bruce William Gowan	Director

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