KONE Oyj (KONE Oyj) Total Inventories : $890 Mil (As of Mar. 2024)

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What is KONE Oyj Total Inventories?

KONE Oyj's total inventories for the quarter that ended in Mar. 2024 was $890 Mil. KONE Oyj's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $883 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. KONE Oyj's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-7.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KONE Oyj's Days Inventory for the three months ended in Mar. 2024 was 33.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. KONE Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.75.

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. KONE Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

KONE Oyj Total Inventories Historical Data

The historical data trend for KONE Oyj'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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KONE Oyj Total Inventories Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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691.11

703.41

766.67

869.70

874.81

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															896.15	898.38	909.50	874.81	890.33

KONE Oyj 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.

KONE Oyj (OTCPK:KNYJF) 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.

KONE Oyj's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(510.652	+	0.75 * 2673.152	+	0.5 * 890.326	-	6747.696
-	0	-	40.348)	/	517.518
=	-7.40

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

KONE Oyj's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	882.5675	/	2428.696	*	365 / 4
	=	33.16

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

KONE Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	2428.696	/	882.5675
	=	2.75

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.

KONE Oyj's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	882.5675	/	2791.522
	=	0.32

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.

KONE Oyj Total Inventories Related Terms

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KONE Oyj (KONE Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OTCPK:KNYJF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

KNYJY:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.