What is Littelfuse's other — inventory adjustment?

Littelfuse (LFUS) reported other — inventory adjustment of $6.8M in Q3 2022.

What does other — inventory adjustment mean?

This metric reflects adjustments made to the carrying value of inventory within the 'Other' segment, such as write-downs for obsolescence, excess stock, or lower-of-cost-or-market valuations. It provides insight into the quality of the segment's inventory and the accuracy of demand forecasting. Frequent adjustments may indicate supply chain inefficiencies or shifting market demand.

Littelfuse LFUS Other — Inventory adjustment

Discontinued — last reported Q3 '22

Similar metrics at other companies

CATAll Other Segment — Other Adjustments

-$1M-150%

BF.AOther Inventory

$1.56B-0.3%

ROKOther Inventory, Net

$24M+4.3%

AFLOther — Other

$0—

KEYSOther Inventory, Net

$29M+7.4%

TSNOther Inventory, Net

$146M+10.6%

Other financials

Income statement

See full

Revenue$657.0M+18.5%

Gross profit$254.1M+22.6%

Operating income$101.2M+44.2%

Net income$75.1M+72.5%

EPS (diluted)$2.96+69.1%

Balance sheet

See full

Cash & equivalents$483.4M-22.1%

Total debt$700.7M-20.2%

Total equity$2.5B+2.4%

Total assets$3.9B-0.8%

Cash flow

See full

Operating cash flow$80.3M+22.1%

CapEx$14.1M-39.0%

Free cash flow$66.2M+55.1%

Valuation

See full

Market cap$12.13B+75.6%

Enterprise value$12.35B+71.0%

P/S4.9×+1.8×

Profitability

See full

Gross margin38.3%+1.8pp

Operating margin12.4%-3.6pp

Net margin-1.6%—

FCF margin15.7%+2.4pp

Returns & leverage

See full

Return on equity-1.6%—

Debt / equity0.3×-0.1×

Current ratio2.6×-1.3×

Where this comes from

Reported directly by Littelfuse in its filing.

Tagged under the XBRL concept us-gaap:BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory.

The official record: Littelfuse’s 10-Q, filed November 2, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Littelfuse's other — inventory adjustment?: Littelfuse (LFUS) reported other — inventory adjustment of $6.8M in Q3 2022.
What does other — inventory adjustment mean?: This metric reflects adjustments made to the carrying value of inventory within the 'Other' segment, such as write-downs for obsolescence, excess stock, or lower-of-cost-or-market valuations. It provides insight into the quality of the segment's inventory and the accuracy of demand forecasting. Frequent adjustments may indicate supply chain inefficiencies or shifting market demand.