Eni SpA (Eni SpA) Total Inventories : $6,746 Mil (As of Dec. 2023)

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What is Eni SpA Total Inventories?

Eni SpA's total inventories for the quarter that ended in Dec. 2023 was $6,746 Mil. Eni SpA's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $7,046 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Eni SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-40.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eni SpA's Days Inventory for the three months ended in Dec. 2023 was 27.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eni SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.37.

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. Eni SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Eni SpA Total Inventories Historical Data

The historical data trend for Eni SpA'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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Eni SpA Total Inventories Chart

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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5,260.00

4,736.01

6,861.02

8,166.31

6,745.91

Eni SpA 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															8,166.31	6,907.92	6,580.72	7,345.78	6,745.91

Eni SpA 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.

Eni SpA (NYSE:E) 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.

Eni SpA'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)
=	(17735.005	+	0.75 * 14377.317	+	0.5 * 6745.911	-	97014.177
-	0	-	501.636)	/	1609.41
=	-40.78

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

Eni SpA'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
	=	7045.8475	/	23740.458	*	365 / 4
	=	27.08

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

Eni SpA'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 )
	=	23740.458	/	7045.8475
	=	3.37

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.

Eni SpA'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 )
	=	7045.8475	/	26850.6
	=	0.26

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.

Eni SpA Total Inventories Related Terms

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Eni SpA (Eni SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (NYSE:E) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

EIPAF:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany ENI:Germany ENI:Germany ENI1:Germany ENI:Germany ENI:Austria E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.