Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Total Inventories : $18 Mil (As of Mar. 2023)

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What is Aerojet Rocketdyne Holdings Total Inventories?

Aerojet Rocketdyne Holdings's total inventories for the quarter that ended in Mar. 2023 was $18 Mil. Aerojet Rocketdyne Holdings's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was $17 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aerojet Rocketdyne Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-16.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aerojet Rocketdyne Holdings's Days Inventory for the three months ended in Mar. 2023 was 3.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aerojet Rocketdyne Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 was 28.72.

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. Aerojet Rocketdyne Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.03.

Aerojet Rocketdyne Holdings Total Inventories Historical Data

The historical data trend for Aerojet Rocketdyne Holdings'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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Aerojet Rocketdyne Holdings Total Inventories Chart

Aerojet Rocketdyne Holdings Annual Data

Trend

Nov13

Nov14

Nov15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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14.90

24.00

10.00

15.80

Aerojet Rocketdyne Holdings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Total Inventories	Get a 7-Day Free Trial															11.10	11.80	13.30	15.80	18.20

Aerojet Rocketdyne Holdings 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.

Aerojet Rocketdyne Holdings (NYSE:AJRD) 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.

Aerojet Rocketdyne Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(283.7	+	0.75 * 177.4	+	0.5 * 18.2	-	1750.2
-	0	-	0)	/	80.6
=	-16.43

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

Aerojet Rocketdyne Holdings's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	17	/	488.2	*	365 / 4
	=	3.18

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

Aerojet Rocketdyne Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	488.2	/	17
	=	28.72

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.

Aerojet Rocketdyne Holdings's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	17	/	566.3
	=	0.03

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.

Aerojet Rocketdyne Holdings Total Inventories Related Terms

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Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

222 N. Pacific Coast Highway, Suite 500, El Segundo, CA, USA, 90245

Website

https://www.aerojetrocketdyne.com

Aerojet Rocketdyne Holdings Inc manufactures aerospace and defense products and systems. It produces driving and launch systems for defense and space applications, weapons, and weapons systems for tactical missions. The systems can provide directional control for rockets, satellites, missiles, and other technical products. It operates in two segments: aerospace and defense, and real estate. The company manufactures its aerospace and defense products for the U.S. government, the National Aeronautics and Space Administration, aerospace and defense prime contractors, and portions of the commercial sector. The real estate segment focuses on rezoning, entitlement, sale, and leasing of real estate assets. The company's excess real estate is primarily located in California.

Executives

Joseph E. Chontos	officer: See Remarks	222 N. PACIFIC COAST HIGHWAY, SEGUNDO CA 90245
Kevin P. Chilton	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Lance W Lord	director	1110 TRUMPETERS COURT, MONUMENT CO 80132
Eileen P. Drake	director, officer: CEO and President	C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Marion C Blakey	director	C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
Deborah L James	director	1710 SAIC DRIVE, MCLEAN VA 22102
Gail Baker	director	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE SUITE 1000, ARLINGTON VA 22202
Daniel L. Boehle	officer: CFO, VP and Controller	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. SEPULVEDA BOULEVARD, SUITE 500, EL SEGUNDO CA 90245
Warren G Lichtenstein	director, officer: Executive Chairman	C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Arjun Kampani	officer: VP, Gen Counsel and Secretary	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742
John D. Schumacher	officer: SVP, Washington Operations	C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Amy L Gowder	officer: Chief Operating Officer	AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Audrey A. Mcniff	director	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Thomas A Corcoran	director	3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014
Martin Turchin	director	CB RICHARD ELLIS, 200 PARK AVENUE, NEW YOK NY 10166