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Meritor (Meritor) Total Inventories : $719 Mil (As of Mar. 2022)


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What is Meritor Total Inventories?

Meritor's total inventories for the quarter that ended in Mar. 2022 was $719 Mil. Meritor's average total inventories from the quarter that ended in Dec. 2021 to the quarter that ended in Mar. 2022 was $693 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Meritor's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was $-22.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meritor's Days Inventory for the three months ended in Mar. 2022 was 62.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meritor's Inventory Turnover for the quarter that ended in Mar. 2022 was 1.47.

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. Meritor's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.60.


Meritor Total Inventories Historical Data

The historical data trend for Meritor'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.

Meritor Total Inventories Chart

Meritor Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 378.00 477.00 526.00 435.00 601.00

Meritor Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 510.00 563.00 601.00 667.00 719.00

Meritor 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.


Meritor  (NYSE:MTOR) 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.

Meritor's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 is

Net-Net Working Capital Per Share (Q: Mar. 2022 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(115+0.75 * 769+0.5 * 719-2602
-0-41)/70.8
=-22.48

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

Meritor's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2022 )/Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=693/1017*365 / 4
=62.18

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

Meritor's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2022 ) / Average Total Inventories (Q: Mar. 2022 )
=1017 / 693
=1.47

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.

Meritor's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=693 / 1154
=0.60

* 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.


Meritor Total Inventories Related Terms

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Meritor (Meritor) Business Description

Traded in Other Exchanges
N/A
Address
2135 West Maple Road, Troy, MI, USA, 48084-7186
Meritor Inc is a manufacturer of automobile parts for commercial vehicles and industrial markets. The company offers drivetrain, axle, brake, and suspension solutions for commercial trucks, trailers, buses, coaches, off-highway machinery, and defence contractors. The company serves original equipment markets as well as the aftermarket segment for the transportation and industrial sectors. Meritor generates the majority of its revenue from its commercial truck and industrial segment. Geographically, sales are focused on North American markets.
Executives
Anderson Carl Douglas Ii officer: SVP and CFO C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
John Nelligan officer: SVP & Pres., Truck, Americas 2490 PEBBLE BEACH DRIVE OAKLAND MI 48363
Jeffrey A Craig director, officer: CEO & President MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Chris Villavarayan officer: Pres., Americas C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Paul Bialy officer: VP, Controller & PAO C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084
Ken Hogan officer: SVP & Pres. Truck, EUR & APAC 8250 LINCOLN DR HUNTINGTON WOODS MI 48070
Elizabeth Anne Fessenden director 1137 WEST AVENUE, RICHMOND VA 23220
Bowes Timothy Earl Joseph officer: SVP & Pres. Ind & NA Aftmkt 2135 WEST MAPLE ROAD, TROY MI 48084
Ivor J Evans director MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
William R Newlin director C/O CARMELL THERAPEUTICS CORPORATION, 2403 SIDNEY STREET, SUITE 300, PITTSBURGH PA 15203
Timothy J. Heffron officer: VP, HR & CIO C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084
Fazal F Merchant director 2230 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Hannah S. Lim officer: SVP, CLO & Corp Sec 2135 WEST MAPLE ROAD, TROY MI 48084
Joseph A. Plomin officer: Pres., International C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084
Boise April Miller officer: SVP, GC & Corp Sec C/O INTEL CORPORATION, 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054