Air Transport Services Group (Air Transport Services Group) Total Inventories : $50 Mil (As of Dec. 2023)

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What is Air Transport Services Group Total Inventories?

Air Transport Services Group's total inventories for the quarter that ended in Dec. 2023 was $50 Mil. Air Transport Services Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $50 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Air Transport Services Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-34.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air Transport Services Group's Days Inventory for the three months ended in Dec. 2023 was 10.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Air Transport Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.40.

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. Air Transport Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Air Transport Services Group Total Inventories Historical Data

The historical data trend for Air Transport Services 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.

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Air Transport Services Group Total Inventories Chart

Air Transport Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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37.40

40.41

49.20

57.76

49.94

Air Transport Services Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															57.76	57.73	57.65	50.68	49.94

Air Transport Services Group 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.

Air Transport Services Group (NAS:ATSG) 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.

Air Transport Services Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(53.555	+	0.75 * 215.581	+	0.5 * 49.939	-	2513.388
-	0	-	0)	/	65.241
=	-34.84

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

Air Transport Services Group's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	50.3095	/	422.685	*	365 / 4
	=	10.86

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

Air Transport Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	422.685	/	50.3095
	=	8.40

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.

Air Transport Services Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	50.3095	/	517.04
	=	0.10

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.

Air Transport Services Group Total Inventories Related Terms

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Air Transport Services Group (Air Transport Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Transport Services Group Inc (NAS:ATSG) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

ATSG:Mexico

Address

145 Hunter Drive, Wilmington, OH, USA, 45177

Website

https://www.atsginc.com

Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.

Executives

Koharik Edward Joseph Iii	officer: Chief Operating Officer	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Johns Raymond E Jr	director	C\O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Michael L Berger	officer: Chief Commercial Officer	C\O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Jeffrey J Vorholt	director	13 VIA ROMA, PALM COAST FL 32137
Amazon Com Inc	10 percent owner	410 TERRY AVENUE NORTH, SEATTLE WA 98109
Matthew E. Fedders	officer: VP, Corporate Controller	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Paul Chase	officer: Chief Commercial Officer	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Joseph C Hete	officer: President & CEO
W Joseph Payne	officer: Sr. VP, General Counsel & Sec.	ABX AIR INC, 145 HUNTER DRIVE, WILMINGTON OH 45177
Quint O Turner	officer: Chief Financial Officer	145 HUNTER DRIVE, WILMINGTON OH 45177
Jeffrey A. Dominick	director	ABX HOLDINGS, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Randy D Rademacher	director	ABX AIR, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
John Christopher Teets	director	C/O RED MOUNTAIN CAPITAL MANAGEMENT INC., 10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067
Richard Francis Corrado	officer: Chief Commercial Officer	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Phyllis J Campbell	director	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177