Nokia Oyj (Nokia Oyj) Total Inventories : $2,920 Mil (As of Mar. 2024)

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What is Nokia Oyj Total Inventories?

Nokia Oyj's total inventories for the quarter that ended in Mar. 2024 was $2,920 Mil. Nokia Oyj's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $2,942 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nokia Oyj's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nokia Oyj's Days Inventory for the three months ended in Mar. 2024 was 101.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nokia Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

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. Nokia Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.58.

Nokia Oyj Total Inventories Historical Data

The historical data trend for Nokia 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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Nokia Oyj Total Inventories Chart

Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3,262.22

2,727.49

2,702.83

3,458.69

2,965.10

Nokia 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															3,532.12	3,593.72	3,512.27	2,965.10	2,919.57

Nokia 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.

Nokia Oyj (NYSE:NOK) 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.

Nokia 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)
=	(9593.478	+	0.75 * 4701.087	+	0.5 * 2919.565	-	20044.565
-	0	-	103.261)	/	5533.8
=	-1.01

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

Nokia 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
	=	2942.3345	/	2643.478	*	365 / 4
	=	101.57

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

Nokia 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 )
	=	2643.478	/	2942.3345
	=	0.90

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.

Nokia 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 )
	=	2942.3345	/	5072.826
	=	0.58

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.

Nokia Oyj Total Inventories Related Terms

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Nokia Oyj (Nokia Oyj) Business Description

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Address

Karakaari 7, Espoo, FIN, FI-02610

Website

http://www.nokia.com

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.