Installed Building Products (Installed Building Products) Total Inventories : $163 Mil (As of Dec. 2023)

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What is Installed Building Products Total Inventories?

Installed Building Products's total inventories for the quarter that ended in Dec. 2023 was $163 Mil. Installed Building Products's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $161 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Installed Building Products's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-18.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Installed Building Products's Days Inventory for the three months ended in Dec. 2023 was 30.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Installed Building Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.95.

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. Installed Building Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Installed Building Products Total Inventories Historical Data

The historical data trend for Installed Building Products'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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Installed Building Products Total Inventories Chart

Installed Building Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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74.61

77.18

143.04

176.60

162.80

Installed Building Products 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															176.60	170.12	163.38	159.68	162.80

Installed Building Products 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.

Installed Building Products (NYSE:IBP) 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.

Installed Building Products'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)
=	(386.5	+	0.75 * 423.3	+	0.5 * 162.8	-	1311
-	0	-	0)	/	28.3673
=	-18.53

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

Installed Building Products'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
	=	161.2375	/	475.017	*	365 / 4
	=	30.97

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

Installed Building Products'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 )
	=	475.017	/	161.2375
	=	2.95

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.

Installed Building Products'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 )
	=	161.2375	/	720.726
	=	0.22

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.

Installed Building Products Total Inventories Related Terms

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Installed Building Products (Installed Building Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Installed Building Products Inc (NYSE:IBP) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

2IL:Germany

Address

495 South High Street, Suite 50, Columbus, OH, USA, 43215

Website

https://www.installedbuildingproducts.com

Installed Building Products Inc is an insulation installer serving the residential new construction market and are also a diversified installer of complementary building products, including waterproofing, fire-stopping and fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products throughout the United States. The company installs fiberglass insulation, spray foam insulation, and cellulose insulation. The company has three operating segments consisting of Installation, Manufacturing and Distribution operations. Majority of revenue is generated from Installation segment.

Executives

Michael Thomas Miller	director, officer: See Remarks	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
William Jeffrey Hire	officer: President of External Affairs	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Todd R Fry	officer: Chief Accounting Officer	CHAMPION INDUSTRIES, P O BOX 2968, HUNTINGTON WV 25728-2968
Jeffrey W. Edwards	director, 10 percent owner, officer: President, CEO & Chairman	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Marchelle E Moore	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Janet E. Jackson	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Margot Lebenberg Carter	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Jay P. Elliott	officer: Chief Operating Offier	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Michael H Thomas	director	100 E CAMPUS VIEW BLVD STE 170, C/O TEAM AMERICA, COLUMBUS OH 43235
Lawrence A. Hilsheimer	director	425 WINTER ROAD, DELAWARE OH 43015
Jason R Niswonger	officer: SVP, Finance & IR	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Vikas Verma	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
David R Meuse	director	191 WEST NATIONWIDE BLVD, COLUMBUS OH 43215
J Michael Nixon	director, 10 percent owner	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Installed Building Systems, Inc.	director, 10 percent owner, other: Director by Deputization	495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215