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Watts Water Technologies's total inventories for the quarter that ended in Mar. 2024 was $424 Mil. Watts Water Technologies's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $411 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Watts Water Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.07.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Watts Water Technologies's Days Inventory for the three months ended in Mar. 2024 was 123.75.
Inventory Turnover measures how fast the company turns over its inventory within a year. Watts Water Technologies's Inventory Turnover for the quarter that ended in Mar. 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. Watts Water Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.
The historical data trend for Watts Water 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.
Watts Water Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 270.10 | 263.60 | 370.70 | 375.60 | 399.30 |
Watts Water 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 | 401.20 | 421.90 | 386.40 | 399.30 | 423.60 |
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.
Watts Water Technologies (NYSE:WTS) 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.
Watts Water 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) | ||
= | (237.1 | + | 0.75 * 305.7 | + | 0.5 * 423.6 | - | 780.6 |
- | 0 | - | 0) | / | 33.3767 | ||
= | -3.07 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Watts Water 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 |
= | 411.45 | / | 303.4 | * | 365 / 4 | |
= | 123.75 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Watts Water 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 ) |
= | 303.4 | / | 411.45 | |
= | 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.
Watts Water 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 ) |
= | 411.45 | / | 570.9 | |
= | 0.72 |
* 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.
Thank you for viewing the detailed overview of Watts Water Technologies's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Kenneth Robert Lepage | officer: General Counsel | WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
Shashank Patel | officer: Chief Financial Officer | 1 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
Elie Melhem | officer: President, Asia | WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
Joseph T Noonan | director | WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
Timothy P Horne | director, 10 percent owner | WATTS INDUSTRIES INC, ROUTE 815 CHESTNUT ST, NORTH ANDOVER MA 01845 |
Pagano Robert J Jr | officer: President and CEO | WATTS WATER TECHNOLOGIES INC., 815 CHESTNUT ST, NORTH ANDOVER MA 01845 |
Andre Dhawan | officer: Chief Operating Officer | WATTS WATER TECHNOLOGIES INC., 815 CHESTNUT ST., NORTH ANDOVER MA 01845 |
Monica Barry | officer: Chief HR Officer | WATTS WATER TECHNOLOGIES INC., 815 CHESTNUT ST., NORTH ANDOVER MA 01845 |
Munish Nanda | officer: President, Americas | 1133 WESTCHESTER AVENUE, C/O ITT CORPORATION, WHITE PLAINS NY 10604 |
Michael J. Dubose | director | WATTS WATER TECHNOLOGIES INC., 815 CHESTNUT ST., NORTH ANDOVER MA 01845 |
Louise K Goeser | director | C/O PPL CORPORATION, TWO NORTH NINTH STREET, ALLENTOWN PA 18101 |
Todd A Trapp | officer: Chief Financial Officer | C/O WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
David A. Dunbar | director | 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079 |
Jes Munk Hansen | director | 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
Jennifer Congdon | officer: Chief HR Officer | WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
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