InnerWorkings (InnerWorkings) Total Inventories

: $37 Mil (As of Jun. 2020)

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InnerWorkings's total inventories for the quarter that ended in Jun. 2020 was $37 Mil. InnerWorkings's average total inventories from the quarter that ended in Mar. 2020 to the quarter that ended in Jun. 2020 was $36 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. InnerWorkings's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was $-3.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. InnerWorkings's Days Inventory for the three months ended in Jun. 2020 was 21.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. InnerWorkings's Inventory Turnover for the quarter that ended in Jun. 2020 was 4.30.

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. InnerWorkings's Inventory-to-Revenue for the quarter that ended in Jun. 2020 was 0.18.

InnerWorkings Total Inventories Historical Data

The historical data trend for InnerWorkings'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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InnerWorkings Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Inventories

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33.33

36.45

40.69

55.72

34.98

InnerWorkings Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Total Inventories	Get a 7-Day Free Trial															51.55	64.14	34.98	34.80	37.30

InnerWorkings 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.

InnerWorkings (NAS:INWK) 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.

InnerWorkings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 is

	Net-Net Working Capital Per Share (Q: Jun. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(35.311	+	0.75 * 158.636	+	0.5 * 37.303	-	359.411
-	0	-	0)	/	52.688
=	-3.54

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

InnerWorkings's Days Inventory for the three months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	36.049	/	154.89	*	365 / 4
	=	21.24

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

InnerWorkings's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2020 )	/	Average Total Inventories (Q: Jun. 2020 )
	=	154.89	/	36.049
	=	4.30

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.

InnerWorkings's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	36.049	/	203.311
	=	0.18

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.

InnerWorkings Total Inventories Related Terms

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InnerWorkings (InnerWorkings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » InnerWorkings Inc (NAS:INWK) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

203 North LaSalle Street, Suite 1800, Chicago, IL, USA, 60601

Website

http://www.inwk.com

InnerWorkings Inc is a marketing supply-chain company that provides marketing solutions, such as advertising materials, branded merchandise, product packaging, and retail displays. The company has three geographical reportable segments namely North America, EMEA, and LATAM. It generates maximum revenue from North America segment. The company operates a software platform called VALO that enables customers to a source, produce, monitor, and analyze their marketing plan with the company.

Executives

Richard S Stoddart	director, officer: President and CEO	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Adan Pope	officer: Chief Technology Officer	203 NORTH LASALLE CHICAGO IL 60601
Renae Chorzempa	officer: Chief Human Resources Officer	C/O INNERWORKINGS, INC. 600 WEST CHICAGO AVENUE CHICAGO IL 60654
Oren B. Azar	officer: EVP and General Counsel	600 WEST CHICAGO AVE #850 CHICAGO IL 60654
Marc Zenner	director	1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Ronald Provenzano	officer: Head of Operations	C/O INNERWORKINGS, INC. 600 W. CHICAGO AVE. #850 CHICAGO IL 60654
Lindsay Y Corby	director	180 NORTH LASALLE STREET, SUITE 300, CHICAGO IL 60601
Charles K Bobrinskoy	director	C/O INNERWORKINGS, INC., 600 WEST CHICAGO AVENUE, SUITE 850, CHICAGO IL 60654
Donald W Pearson	officer: Executive VP and CFO	425 N. MARTINGALE ROAD SUITE 2050 SCHAUMBURG IL 60173-2213
John Bosshart	officer: Chief Accounting Officer	500 W. MADISON STREET, #1000, CHICAGO IL 60661
David Fisher	director	39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60605
Julie Howard	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Adam J Gutstein	director	875 N. MICHIGAN AVE. STE 3000 CHICAGO IL 60611
Jack M Greenberg	director	333 WEST WACKER DR, CHICAGO IL 60606
Kirt P Karros	director	12400 HIGH BLUFF DR. SUITE 600, SAN DIEGO CA 92130