Croda International (Croda International) Total Inventories : $432 Mil (As of Dec. 2023)

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What is Croda International Total Inventories?

Croda International's total inventories for the quarter that ended in Dec. 2023 was $432 Mil. Croda International's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $481 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Croda International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Croda International's Days Inventory for the six months ended in Dec. 2023 was 148.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Croda International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.23.

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. Croda International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Croda International Total Inventories Historical Data

The historical data trend for Croda International'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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Croda International Total Inventories Chart

Croda International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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352.43

406.72

589.10

565.16

431.90

Croda International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															589.10	535.47	565.16	529.67	431.90

Croda International 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.

Croda International (OTCPK:COIHY) 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.

Croda International'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)
=	(218.354	+	0.75 * 402.532	+	0.5 * 431.899	-	1533.038
-	0	-	19.747)	/	279.271
=	-2.92

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

Croda International's Days Inventory for the six 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
	=	480.7855	/	590	*	365 / 2
	=	148.72

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

Croda International'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 )
	=	590	/	480.7855
	=	1.23

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.

Croda International'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 )
	=	480.7855	/	1029.873
	=	0.47

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.

Croda International Total Inventories Related Terms

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Croda International (Croda International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Croda International PLC (OTCPK:COIHY) » Definitions » Total Inventories

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Traded in Other Exchanges

COIHF:USA CRDAl:UK CRDA:UK 6CMB:Germany

Address

Cowick Hall, Snaith, Goole, East Yorkshire, GBR, DN14 9AA

Website

https://www.croda.com

Croda is a British specialty chemicals company with 60% of sales outside Europe. Croda operates through three segments: consumer care, life sciences, and industrial specialties. Consumer care produces specialty and active ingredients for cosmetics and skincare/haircare and also flavors and fragrances. The life sciences business manufactures products for healthcare and agrochemicals. The company sold the majority of its industrial businesses to Cargill in 2022, retaining only a subsegment of the business (housed under the industrial specialties segment) that supports the other two segments and sells their byproducts.

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