Sierra Wireless (Sierra Wireless) Total Inventories : $108.0 Mil (As of Sep. 2022)

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What is Sierra Wireless Total Inventories?

Sierra Wireless's total inventories for the quarter that ended in Sep. 2022 was $108.0 Mil. Sierra Wireless's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Sep. 2022 was $100.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sierra Wireless's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-1.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sierra Wireless's Days Inventory for the three months ended in Sep. 2022 was 83.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sierra Wireless's Inventory Turnover for the quarter that ended in Sep. 2022 was 1.09.

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. Sierra Wireless's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.60.

Sierra Wireless Total Inventories Historical Data

The historical data trend for Sierra Wireless'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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Sierra Wireless Total Inventories Chart

Sierra Wireless Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Inventories

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53.14

50.78

36.33

32.82

82.18

Sierra Wireless Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Inventories	Get a 7-Day Free Trial															71.19	82.18	88.38	92.36	107.96

Sierra Wireless 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.

Sierra Wireless (NAS:SWIR) 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.

Sierra Wireless's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is

	Net-Net Working Capital Per Share (Q: Sep. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(126.042	+	0.75 * 100.828	+	0.5 * 107.964	-	329.416
-	0	-	0)	/	39.0649
=	-1.89

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

Sierra Wireless's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	100.1605	/	109.437	*	365 / 4
	=	83.52

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

Sierra Wireless's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2022 )	/	Average Total Inventories (Q: Sep. 2022 )
	=	109.437	/	100.1605
	=	1.09

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.

Sierra Wireless's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	100.1605	/	166.056
	=	0.60

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.

Sierra Wireless Total Inventories Related Terms

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Sierra Wireless (Sierra Wireless) Business Description

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Address

13811 Wireless Way, Richmond, BC, CAN, V6V 3A4

Website

https://www.sierrawireless.com

Sierra Wireless Inc is a wireless communication equipment designer and provider of Device-To-Cloud Internet-of-Things solutions. The company's product and services portfolio contain products such as high-speed cellular modules and services such as connectivity services, cloud platforms, and cellular gateways, among others. It operates through two business segments: Internet of Things solutions and Embedded broadband. The vast majority of revenue comes from the company's embedded broadband segment, and more than half of its revenue is earned in the Americas and Asia-Pacific region.