GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEH Corp (OTCPK:IEHC) » Definitions » Total Inventories

IEH (IEHC) Total Inventories : $9.78 Mil (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is IEH Total Inventories?

IEH's total inventories for the quarter that ended in Dec. 2023 was $9.78 Mil. IEH's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $9.76 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IEH's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IEH's Days Inventory for the three months ended in Dec. 2023 was 198.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. IEH's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.46.

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. IEH's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.91.


IEH Total Inventories Historical Data

The historical data trend for IEH'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.

* Premium members only.

IEH Total Inventories Chart

IEH Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.02 10.75 9.30 9.73 9.45

IEH Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.74 9.45 9.48 9.73 9.78

IEH 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.


IEH  (OTCPK:IEHC) 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.

IEH'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)
=(4.94+0.75 * 3.242+0.5 * 9.78-4.084
-0-0)/2.38025
=3.44

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

IEH'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
=9.757/4.48*365 / 4
=198.73

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

IEH'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 )
=4.48 / 9.757
=0.46

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.

IEH'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 )
=9.757 / 5.108
=1.91

* 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.


IEH Total Inventories Related Terms

Thank you for viewing the detailed overview of IEH's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


IEH (IEHC) Business Description

Traded in Other Exchanges
N/A
Address
140 58th Street, Suite 8E, Brooklyn, NY, USA, 11220
IEH Corp designs develops and manufactures printed circuit board (PCB) connectors, custom interconnects, and contacts for high-performance applications. With its Hyperboloid technology, It supplies durable, reliable connectors for demanding environments. The company markets to companies in defense, aerospace, space, and industrial applications, in the United States, Canada, Europe, Southeast, and Central Asia, and the Mideast. The company generates the majority of its revenue from United states.
Executives
Subrata Purkayastha officer: Chief Financial Officer 140 58TH STREET, BUILDING B SUITE 8E, BROOKLYN NY 11220
Gail Offerman 10 percent owner 2984 WYNSUM AVENUE, MERRICK NY 11566
Zeff Capital, Lp 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020
2020 David Offerman Trust 10 percent owner 17 MOHAWK TRAIL, WESTFIELD NJ 07090
William H Craig officer: Chief Financial Officer
Daniel Zeff 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020
Zeff Holding Company, Llc 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020
Michael E Rosenfeld director 1365 YORK AVENUE, APT. 3A, NEW YORK NY 10021
Dave Offerman director, officer: Chief Executive Officer 140 58TH STREET, SUITE 8E, BROOKLYN NY 11220
Robert Knoth officer: CFO, Secretary and Treasurer 140 58TH STREET, BLDG. B, SUITE 8E, IEH CORPORATION, BROOKLYN NY 11220
Gerald E. Chafetz director C/O IEH CORP. 140 58TH STREET, BLDG. B, SUITE 8E, BROOKLYN NY 11220
Michael Offerman director, 10 percent owner, officer: Chairman & President