Air Water (Air Water) Total Inventories : $730 Mil (As of Dec. 2023)

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What is Air Water Total Inventories?

Air Water's total inventories for the quarter that ended in Dec. 2023 was $730 Mil. Air Water's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $716 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Air Water's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-13.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air Water's Days Inventory for the three months ended in Dec. 2023 was 44.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Air Water's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.03.

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. Air Water's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Air Water Total Inventories Historical Data

The historical data trend for Air Water'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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Air Water Total Inventories Chart

Air Water Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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497.78

598.28

622.63

644.34

688.40

Air Water 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															706.79	688.40	718.35	701.80	729.50

Air Water 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.

Air Water (OTCPK:AWTRF) 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.

Air Water'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)
=	(481.527	+	0.75 * 1566.611	+	0.5 * 729.503	-	4955.692
-	0	-	130.447)	/	228.104
=	-13.44

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

Air Water'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
	=	715.6495	/	1451.541	*	365 / 4
	=	44.99

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

Air Water'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 )
	=	1451.541	/	715.6495
	=	2.03

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.

Air Water'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 )
	=	715.6495	/	1859.218
	=	0.38

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.

Air Water Total Inventories Related Terms

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Air Water (Air Water) Business Description

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4088:Japan 0AW:Germany

Address

12-8, Minami Semba 2-chome, Chuo-ku, Osaka, JPN, 542-0081

Website

http://www.awi.co.jp

Air Water Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into five primary segments based on product type. The industrial gas segment, which generates the most revenue of any segment, sells gases including oxygen used in blast furnaces to produce steel. The chemical business sells coal and fine chemicals to the agricultural and pharmaceutical industries. The medical segment sells medical gases and sterilization equipment to hospitals and home-care facilities. The agricultural and food products segment sells delicatessen meat, frozen foods, and fruit and vegetable juices. The energy segment sells natural gas.

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