Mayville Engineering Co (Mayville Engineering Co) Total Inventories : $67.8 Mil (As of Dec. 2023)

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What is Mayville Engineering Co Total Inventories?

Mayville Engineering Co's total inventories for the quarter that ended in Dec. 2023 was $67.8 Mil. Mayville Engineering Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $70.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mayville Engineering Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-9.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mayville Engineering Co's Days Inventory for the three months ended in Dec. 2023 was 49.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mayville Engineering Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.85.

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. Mayville Engineering Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Mayville Engineering Co Total Inventories Historical Data

The historical data trend for Mayville Engineering Co'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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Mayville Engineering Co Total Inventories Chart

Mayville Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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45.69

41.37

70.16

71.71

67.78

Mayville Engineering Co 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															71.71	68.95	66.83	73.31	67.78

Mayville Engineering Co 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.

Mayville Engineering Co (NYSE:MEC) 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.

Mayville Engineering Co'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)
=	(0.672	+	0.75 * 57.445	+	0.5 * 67.782	-	266.683
-	0	-	0)	/	20.3106
=	-9.31

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

Mayville Engineering Co'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
	=	70.5465	/	130.371	*	365 / 4
	=	49.38

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

Mayville Engineering Co'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 )
	=	130.371	/	70.5465
	=	1.85

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.

Mayville Engineering Co'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 )
	=	70.5465	/	148.582
	=	0.47

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.

Mayville Engineering Co Total Inventories Related Terms

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Mayville Engineering Co (Mayville Engineering Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mayville Engineering Co Inc (NYSE:MEC) » Definitions » Total Inventories

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Traded in Other Exchanges

2YN:Germany

Address

715 South Street, Mayville, WI, USA, 53050

Website

https://www.mecinc.com

Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.

Executives

Steven L Fisher	director	100 N.E. ADAMS STREET, PEORIA IL 61629
Jagadeesh A Reddy	director, officer: President & CEO	715 SOUTH STREET, MAYVILLE WI 53050
Allen J Carlson	director	1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Robert L Mccormick	director	C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Timothy L Christen	director, other: Chair of the Board	715 SOUTH STREET, MAYVILLE WI 53050
Jennifer J. Kent	director	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
Jay O. Rothman	director	C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Patrick D Michels	director	715 SOUTH STREET, MAYVILLE WI 53050
Rachele Marie Lehr	officer: Chief Human Resources Officer	12301 W WIRTH ST, WAUWATOSA WI 53222
Sean P Leuba	officer: SVP, Corp. Development & GC	715 SOUTH STREET, MAYVILLE WI 53050
Todd M Butz	officer: Chief Financial Officer	715 SOUTH STREET, MAYVILLE WI 53050
Robert D Kamphuis	director, officer: Chairman, Pres. & CEO	715 SOUTH STREET, MAYVILLE WI 53050
Craig E Johnson	director	715 SOUTH STREET, MAYVILLE WI 53050
Eric J Welak	officer: EVP - Fabrication	715 SOUTH STREET, MAYVILLE WI 53050
St. Peter John A	director	715 SOUTH STREET, MAYVILLE WI 53050