The Kraft Heinz Co (The Kraft Heinz Co) Total Inventories : $3,614 Mil (As of Dec. 2023)

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What is The Kraft Heinz Co Total Inventories?

The Kraft Heinz Co's total inventories for the quarter that ended in Dec. 2023 was $3,614 Mil. The Kraft Heinz Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $3,697 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Kraft Heinz Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-29.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Kraft Heinz Co's Days Inventory for the three months ended in Dec. 2023 was 74.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Kraft Heinz Co'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. The Kraft Heinz Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.54.

The Kraft Heinz Co Total Inventories Historical Data

The historical data trend for The Kraft Heinz Co'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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The Kraft Heinz Co Total Inventories Chart

The Kraft Heinz Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2,721.00

2,773.00

2,729.00

3,651.00

3,614.00

The Kraft Heinz Co 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															3,651.00	4,016.00	3,820.00	3,779.00	3,614.00

The Kraft Heinz Co 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.

The Kraft Heinz Co (NAS:KHC) 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.

The Kraft Heinz Co'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)
=	(1400	+	0.75 * 2112	+	0.5 * 3614	-	40617
-	0	-	196)	/	1218
=	-29.57

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

The Kraft Heinz Co'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
	=	3696.5	/	4543	*	365 / 4
	=	74.25

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

The Kraft Heinz Co'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 )
	=	4543	/	3696.5
	=	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.

The Kraft Heinz Co'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 )
	=	3696.5	/	6860
	=	0.54

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.

The Kraft Heinz Co Total Inventories Related Terms

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The Kraft Heinz Co (The Kraft Heinz Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Kraft Heinz Co (NAS:KHC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

KHC:Peru KHC:Mexico 1KHC:Italy KHNZd:UK 0JRV:UK KHNZ:Germany KHNZ:Germany KHNZ:Germany KHNZ:Germany KHCB34:Brazil KHC:Austria

Address

One PPG Place, Pittsburgh, PA, USA, 15222

Website

https://www.kraftheinzcompany.com

In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.

Executives

Lande Rashida La	officer: SVP, Global Gen Csl & Corp Sec	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Vince Garlati	officer: VP, Global Controller (PAO)	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Humberto P Alfonso	director	1085 OCEAN AVENUE, MANTOLOKING NJ 08738
Flavio Torres	officer: Head of Global Operations	THE KRAFT HEINZ COMPANY, 200 E. RANDOLPH ST., CHICAGO IL 60601
Melissa Werneck	officer: EVP & Global Chief People Ofcr	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Marcos Eloi	officer: Chief Procurement Officer	200 E RANDOLPH STREET SUITE 7600, CHICAGO IL 60601
Diane J Gherson	director	IBM CORPORATION, ONE NEW ORCHARD ROAD, ARMONK NY 10504
Miguel Patricio	officer: Chief Executive Officer	200 E. RANDOLPH STREET SUITE 7600, CHICAGO IL 60601
Alicia R Knapp	director	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
James Park	director	C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Andre Maciel	officer: EVP & Global CFO	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Yang Xu	officer: SVP, Global Head of Corp Dev	C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Kathy Krenger	officer: SVP & Global Chief Comm. Ofcr	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
3g Global Food Holdings Lp	10 percent owner	C/O 3G CAPITAL INC., 600 THIRD AVE., 37TH FLOOR, NEW YORK NY 10016
Bruno Keller	officer: Zone President, Canada	200 E. RANDOLPH STREET SUITE 7600, CHICAGO IL 60601