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SCI Engineered Materials's total inventories for the quarter that ended in Mar. 2024 was $3.69 Mil. SCI Engineered Materials's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $4.17 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SCI Engineered Materials's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $1.05.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SCI Engineered Materials's Days Inventory for the three months ended in Mar. 2024 was 54.45.
Inventory Turnover measures how fast the company turns over its inventory within a year. SCI Engineered Materials's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.68.
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. SCI Engineered Materials's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.
The historical data trend for SCI Engineered Materials'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.
SCI Engineered Materials Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 2.75 | 1.18 | 1.07 | 2.18 | 4.65 |
SCI Engineered Materials 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 | 2.62 | 1.70 | 3.19 | 4.65 | 3.69 |
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.
SCI Engineered Materials (OTCPK:SCIA) 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.
SCI Engineered Materials'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) | ||
= | (5.965 | + | 0.75 * 1.068 | + | 0.5 * 3.685 | - | 3.835 |
- | 0 | - | 0) | / | 4.53892 | ||
= | 1.05 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SCI Engineered Materials'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 |
= | 4.1695 | / | 6.988 | * | 365 / 4 | |
= | 54.45 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
SCI Engineered Materials'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 ) |
= | 6.988 | / | 4.1695 | |
= | 1.68 |
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.
SCI Engineered Materials'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 ) |
= | 4.1695 | / | 8.403 | |
= | 0.50 |
* 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 SCI Engineered Materials's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura F Shunk | 10 percent owner | 8300 MULBERRY ROAD, P.O. BOX 490, CHESTERLAND OH 44026 |
Edward W Ungar | director | 1145 CHESAPEAKE AVE, COLUMBUS OH 43212 |
Jeremiah Ray Young | officer: PRESIDENT | 893 THAYER DRIVE, GAHANNA OH 43230 |
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John P Gilliam | director | 862 MOON GLOW CT, GAHANNA OH 43230 |
Wickersham Charles Edward Jr | director | 517 ARDEN RD, COLUMBUS OH 43214 |
Daniel Rooney | director, officer: President and CEO | 1145 CHESAPEAKE AVE, COLUMBUS OH 43212 |
Investments Sa Windcom | 10 percent owner | |
Daniel A Funk | 10 percent owner | PORTER, WRIGHT, MORRIS & ARTHUR, 41 SOUTH HIGH STREET, COLUMBUS OH 43215 |
Michael K Barna | officer: VP Sales - Photonics | 1145 CHESAPEAKE AVE., COLUMBUS OH 43212 |
Robert H Peitz | director | 217 LLOYD ROAD, ABERDEEN NJ 07747 |
Walter J Doyle | director | 1970 JEWETT ROAD, POWELL OH 43065 |
Baker Robert J Jr | director | 1145 CHESAPEAKE AVE, COLUMBUS OH 43212 |
Curtis A Loveland | 10 percent owner, officer: Secretary | PORTER WRIGHT MORRIS & ARTHUR, 41 SOUTH HIGH STREET, COLUMBUS OH 43215 |
Scott S Campbell | officer: Technical Director | 1145 CHESAPEAKE AVENUE, COLUMBUS OH 43212 |
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