Albemarle (Albemarle) Total Inventories

: $2,161 Mil (As of Dec. 2023)

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Albemarle's total inventories for the quarter that ended in Dec. 2023 was $2,161 Mil. Albemarle's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,783 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Albemarle's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-50.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Albemarle's Days Inventory for the three months ended in Dec. 2023 was 82.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Albemarle's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.10.

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. Albemarle's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.18.

Albemarle Total Inventories Historical Data

The historical data trend for Albemarle'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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Albemarle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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768.98

750.24

798.62

2,076.03

2,161.29

Albemarle Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															2,076.03	3,180.83	3,658.62	3,404.21	2,161.29

Albemarle 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.

Albemarle (NYSE:ALB) 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.

Albemarle'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)
=	(889.9	+	0.75 * 1213.16	+	0.5 * 2161.287	-	8605.553
-	0	-	252.919)	/	117.356
=	-50.94

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

Albemarle'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
	=	2782.7495	/	3060.217	*	365 / 4
	=	82.98

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

Albemarle'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 )
	=	3060.217	/	2782.7495
	=	1.10

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.

Albemarle'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 )
	=	2782.7495	/	2356.165
	=	1.18

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.

Albemarle Total Inventories Related Terms

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Albemarle (Albemarle) Business Description

Industry

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Traded in Other Exchanges

ALB:Mexico AMC:Germany AMC:Germany AMC:Germany AMC:Germany A1LB34:Brazil ALBE:Austria

Address

4250 Congress Street, Suite 900, Charlotte, NC, USA, 28209

Website

https://www.albemarle.com

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

Executives

Kristin M Coleman	officer: EVP, General Counsel	140 HAZEL AVE., GLENCOE IL 60022
Neal Ravi Sheorey	officer: Chief Financial Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Michael James Simmons	officer: President - Ketjen	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Eric Norris	officer: President, Lithium	1519 AUDUBON ROAD, CHARLOTTE NC 28211
J Kent Masters	director	ALBEMARLE CORP., 451 FLORIDA ST, BATON ROUGE LA 70801
Sean B. O'hollaren	officer: Chief External Affairs Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Jacobus G. Fourie	officer: Chief Capital Projects Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Scott Tozier	officer: EVP & CFO	ALBEMARLE CORP, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209
Karen G Narwold	officer: EVP, Chief Admin Officer	ALBEMARLE CORPORATION, 4250 CONGRESS ST, SUITE 900, CHARLOTTE NC 28209
Raphael Goszcz Crawford	officer: President, Catalysts	4311 GREENBRIAR HILLS PLANTATION RD, CHARLOTTE NC 28277
Ralf Hans Cramer	director	MIERENDORSFSTRASSE 26, BENSHEIM 2M 64625
Netha N. Johnson	officer: President, Bromine Specialties	3489 CRESTMOOR DRIVE, WOODBURY MN 55125
Barichivich John Clarence Iii	officer: VP, Controller & CAO	4250 CONGRESS ST., SUITE 900, CHARLOTTE NC 28209
Kissam Luther C Iv	director, officer: Chairman, President & CEO	3801 BERESFORD ROAD, CHARLOTTE NC 28211
Melissa H. Anderson	officer: SVP, Chief HR Officer	ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209