Archer-Daniels Midland Co (Archer-Daniels Midland Co) Total Inventories

: $11,957 Mil (As of Dec. 2023)

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Archer-Daniels Midland Co's total inventories for the quarter that ended in Dec. 2023 was $11,957 Mil. Archer-Daniels Midland Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $11,591 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Archer-Daniels Midland Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-37.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Archer-Daniels Midland Co's Days Inventory for the three months ended in Dec. 2023 was 49.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Archer-Daniels Midland Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.83.

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. Archer-Daniels Midland Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

Archer-Daniels Midland Co Total Inventories Historical Data

The historical data trend for Archer-Daniels Midland 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.

* Premium members only.

Archer-Daniels Midland Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

9,170.00

11,713.00

14,481.00

14,771.00

11,957.00

Archer-Daniels Midland 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																14,771.00	14,771.00	11,902.00	11,224.00	11,957.00

Archer-Daniels Midland 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.

Archer-Daniels Midland Co (NYSE:ADM) 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.

Archer-Daniels Midland 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)
=	(1368	+	0.75 * 5284	+	0.5 * 11957	-	30166
-	0	-	333)	/	513
=	-37.41

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

Archer-Daniels Midland 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
	=	11590.5	/	21238	*	365 / 4
	=	49.80

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

Archer-Daniels Midland 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 )
	=	21238	/	11590.5
	=	1.83

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.

Archer-Daniels Midland 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 )
	=	11590.5	/	22978
	=	0.50

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.

Archer-Daniels Midland Co Total Inventories Related Terms

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Archer-Daniels Midland Co (Archer-Daniels Midland Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Archer-Daniels Midland Co (NYSE:ADM) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

ADM:Mexico 1ADM:Italy ADM:Germany ADM:Germany ADM:Germany ADM:Germany A1DM34:Brazil ARDA:Austria

Address

77 West Wacker Drive, Suite 4600, Chicago, IL, USA, 60601

Website

https://www.adm.com

Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.

Executives

Regina Jones	officer: Senior Vice President	7102 COMMERCE WAY, BRENTWOOD TN 37027
Strader Fruit Molly L	officer: Vice Pres., Corp. Controller	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Brabander Ellen De	director	2500 INNOVATION WAY, GREENFIELD IN 46140
D Cameron Findlay	officer: Senior Vice President	77 W. WACKER DR., SUITE 2600, CHICAGO IL 60601
Juan R Luciano	officer: Executive V.P. & COO	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Francisco J Sanchez	director	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Gregory A Morris	officer: Senior Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Collins James C. Jr.	director	1007 MARKET STREET, D-9058, WILMINGTON DE 19898
Vikram Luthar	officer: Vice President & Treasurer	ARCHER-DANIELS-MIDLAND COMPANY, 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Christopher M Cuddy	officer: President-Corn	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Vincent F Macciocchi	officer: Senior Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Ray G Young	officer: Sr. Vice President	77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Theodore Iii Colbert	director	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, CHICAGO IL 60606-1596
Jennifer L Weber	officer: Senior Vice President	1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Joseph D. Taets	officer: Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601