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W R Grace (W R Grace) Total Inventories : $358 Mil (As of Jun. 2021)


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What is W R Grace Total Inventories?

W R Grace's total inventories for the quarter that ended in Jun. 2021 was $358 Mil. W R Grace's average total inventories from the quarter that ended in Mar. 2021 to the quarter that ended in Jun. 2021 was $316 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. W R Grace's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was $-50.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. W R Grace's Days Inventory for the three months ended in Jun. 2021 was 90.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. W R Grace's Inventory Turnover for the quarter that ended in Jun. 2021 was 1.01.

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. W R Grace's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.62.


W R Grace Total Inventories Historical Data

The historical data trend for W R Grace'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.

W R Grace Total Inventories Chart

W R Grace Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 228.00 230.90 281.10 309.90 253.80

W R Grace Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 267.10 255.70 253.80 273.60 358.00

W R Grace 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.


W R Grace  (NYSE:GRA) 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.

W R Grace's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 is

Net-Net Working Capital Per Share (Q: Jun. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(312+0.75 * 297+0.5 * 358-4037.8
-0-3.4)/66.2693
=-50.21

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

W R Grace's Days Inventory for the three months ended in Jun. 2021 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2021 )/Cost of Goods Sold (Q: Jun. 2021 )*Days in Period
=315.8/318.2*365 / 4
=90.56

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

W R Grace's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2021 ) / Average Total Inventories (Q: Jun. 2021 )
=318.2 / 315.8
=1.01

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.

W R Grace's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=315.8 / 512.9
=0.62

* 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.


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.


W R Grace Total Inventories Related Terms

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W R Grace (W R Grace) Business Description

Traded in Other Exchanges
N/A
Address
7500 Grace Drive, Columbia, MD, USA, 21044-4098
W R Grace & Co, through its subsidiaries, makes and sells chemicals and silica-based materials used in refining, pharma, chemical manufacturing, coating, and various chemical process applications. The company has two reportable business segments: Grace catalysts technologies and Grace material technologies. Most of the company's revenue is generated by the Grace catalysts technologies segment from the sale of oil refining catalysts and catalysts used in petrochemical, refining, and other chemical manufacturing applications, and more than half of the revenue is earned in North America and Europe, Middle East, and Africa.
Executives
Mark E Tomkins director VULCAN MATERIALS CO, 1200 URBAN CENTER DR, BIRMINGHAM AL 35242
Diane H. Gulyas director C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Henry R Slack director 10070 DANIELS INTERSTATE COURT SUITE 100, FT MYERS FL 33935
Christopher J Steffen director 10188 TELESIS CT. SUITE 100 SAN DIEGO CA 92121
Julie Fasone Holder director 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37662-0431
Cummings Robert F Jr director C/O MOORE CORP, ONE CANTARBURG GREET, STAMFORD CT 006901
Shlomo Yanai director ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073
Elizabeth C Brown officer: Sr. VP and CHRO C/O W. R. GRACE & CO., 7500 GRACE DRIVE, COLUMBIA MD 21044
William C. Dockman officer: Senior VP and CFO C/O W. R. GRACE & CO. 7500 GRACE DRIVE COLUMBIA MD 21044
La Force Andrew Hudson Iii director, officer: President and CEO C/O W. R. GRACE & CO., 7500 GRACE DRIVE, COLUMBIA MD 21044
Keith N Cole officer: Sr. VP, Govt. Rel. and EHS C/O W. R. GRACE & CO., 7500 GRACE DRIVE, COLUMBIA MD 21044
Mark A Shelnitz officer: Sr. VP, GC and Secretary C/O W. R. GRACE & CO., 7500 GRACE DRIVE, COLUMBIA MD 21044
Alfred E Festa director
Standard Latitude Master Fund Ltd. 10 percent owner 9 WEST 57TH STREET, 47TH FLOOR, NEW YORK NY 10019
Si Gp Iii Llc 10 percent owner 9 WEST 57TH STREET, 47TH FLOOR, NEW YORK NY 10019