John Bean Technologies (John Bean Technologies) Total Inventories : $250 Mil (As of Mar. 2024)

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What is John Bean Technologies Total Inventories?

John Bean Technologies's total inventories for the quarter that ended in Mar. 2024 was $250 Mil. John Bean Technologies's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $245 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. John Bean Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-13.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. John Bean Technologies's Days Inventory for the three months ended in Mar. 2024 was 88.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. John Bean Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.03.

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. John Bean Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.62.

John Bean Technologies Total Inventories Historical Data

The historical data trend for John Bean Technologies'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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John Bean Technologies Total Inventories Chart

John Bean Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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245.00

197.30

229.10

264.00

238.90

John Bean Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															351.90	237.20	226.70	238.90	250.20

John Bean Technologies 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.

John Bean Technologies (NYSE:JBT) 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.

John Bean Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(479	+	0.75 * 220.7	+	0.5 * 250.2	-	1199.6
-	0	-	0)	/	31.8302
=	-13.51

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

John Bean Technologies's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	244.55	/	252	*	365 / 4
	=	88.55

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

John Bean Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	252	/	244.55
	=	1.03

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.

John Bean Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	244.55	/	392.3
	=	0.62

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.

John Bean Technologies Total Inventories Related Terms

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John Bean Technologies (John Bean Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » John Bean Technologies Corp (NYSE:JBT) » Definitions » Total Inventories

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JBT:Germany

Address

70 West Madison Street, Suite 4400, Chicago, IL, USA, 60602

Website

https://www.jbtc.com

John Bean Technologies spun out of FMC Technologies in August 2008. Over half of JBT's sales are made in the United States. Its FoodTech business provides both customized and turnkey industrial solutions for the food and beverage industry, including a large variety of protein processing and packaging solutions, as well as fruit and juice extraction and ready-to-eat solutions.

Executives

Caroline Maury Devine	director	ATLANTIC COAST AIRLINES INC, 45200 BUSINESS COURT, DULLES VA 20166
Polly B Kawalek	director	1600 ROYAL STREET, JASPER IN 47549
Brian A Deck	officer: VP & CFO	70 WEST MADISON SUITE 4400, JOHN BEAN TECHNOLOGIES CORPORATION, CHICAGO IL 60602
Luiz Augusto Rizzolo	officer: EVP & President of DF&H	70 WEST MADISON STREET, SUITE 4400, CHICAGO IL 60602
Jack Martin	officer: EVP & CSC Officer	70 WEST MADISON STREET, SUITE 4400, CHICAGO IL 60602
Charles L. Harrington	director	5875 TRINITY PKWY #300, CENTREVILLE VA 20120
James M Ringler	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Carlos Fernandez	officer: EVP & President, Liquid Foods	70 WEST MADISON SUITE 4400, CHICAGO IL 60602
James L Marvin	officer: VP, Gen Counsel, and Secretary	70 WEST MADISON SUITE 4400, JOHN BEAN TECHNOLOGIES CORPORATION, CHICAGO IL 60602
Robert James Petrie	officer: EVP & President, Protein	70 WEST MADISON STREET, SUITE 4400, CHICAGO IL 60602
Shelley Rae Bridarolli	officer: EVP, Human Resources	70 WEST MADISON STREET, SUITE 4400, CHICAGO IL 60602
Paul Sternlieb	officer: EVP & President, Protein	70 WEST MADISON SUITE 4400, CHICAGO IL 60602
David C Burdakin	officer: Vice President	70 WEST MADISON SUITE 4400, CHICAGO IL 60602
Kristina L Paschall	officer: EVP, CIO & CDO	70 WEST MADISON SUITE 4400, CHICAGO IL 60602
Matthew J Meister	officer: Interim CFO	70 WEST MADISON SUITE 4400, CHICAGO IL 60602