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A. Schulman (A. Schulman) Total Inventories : $304 Mil (As of May. 2018)


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What is A. Schulman Total Inventories?

A. Schulman's total inventories for the quarter that ended in May. 2018 was $304 Mil. A. Schulman's average total inventories from the quarter that ended in Feb. 2018 to the quarter that ended in May. 2018 was $325 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. A. Schulman's Net-Net Working Capital per share for the quarter that ended in May. 2018 was $-39.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. A. Schulman's Days Inventory for the three months ended in May. 2018 was 47.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. A. Schulman's Inventory Turnover for the quarter that ended in May. 2018 was 1.92.

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. A. Schulman's Inventory-to-Revenue for the quarter that ended in May. 2018 was 0.45.


A. Schulman Total Inventories Historical Data

The historical data trend for A. Schulman'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.

A. Schulman Total Inventories Chart

A. Schulman Annual Data
Trend Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 261.66 292.14 317.33 263.62 276.46

A. Schulman Quarterly Data
Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18
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 297.10 276.46 327.78 345.38 304.44

A. Schulman 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.


A. Schulman  (NAS:SHLM) 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.

A. Schulman's Net-Net Working Capital Per Share for the quarter that ended in May. 2018 is

Net-Net Working Capital Per Share (Q: May. 2018 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(52.002+0.75 * 443.705+0.5 * 304.438-1566.474
-120.289-10.545)/29.509
=-39.32

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

A. Schulman's Days Inventory for the three months ended in May. 2018 is calculated as:

Days Inventory=Average Total Inventories (Q: May. 2018 )/Cost of Goods Sold (Q: May. 2018 )*Days in Period
=324.9095/624.741*365 / 4
=47.46

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

A. Schulman's Inventory Turnover for the quarter that ended in May. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: May. 2018 ) / Average Total Inventories (Q: May. 2018 )
=624.741 / 324.9095
=1.92

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.

A. Schulman's Inventory to Revenue for the quarter that ended in May. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2018 ) / Revenue (Q: May. 2018 )
=324.9095 / 722.24
=0.45

* 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.


A. Schulman Total Inventories Related Terms

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A. Schulman (A. Schulman) Business Description

Traded in Other Exchanges
Address
1221 McKinney Street, Suite 300, Houston, TX, USA, 77010
Lyondellbasell Advanced Polymers Inc manufactures and sells a variety of plastics and chemical-based products. The firm's product portfolio includes Engineered Thermoplastics, Masterbatch, Engineered Composites, Specialty Powders, and Distribution Services. The company organizes itself into four main segments by geography. Europe, Middle East, and Africa segment generate more revenue than any other segment. The other segments are the United States and Canada, Latin America, and Asia-Pacific.
Executives
Eugene Robert Allspach director 3550 WEST MARKET STREET, AKRON OH 44333
Carol S Eicher director ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Kristopher R Westbrooks officer: VP - Controller and CAO 3637 RIDGEWOOD ROAD, FAIRLAWN OH 44333
Rainer Schewe officer: EVP Global Supply Chain 3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Andrean Horton officer: Senior Corp. Counsel 3637 RIDGEWOOD RD, FAIRLAWN X1 44333
John W Richardson officer: EVP - Chief Financial Officer THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Allen A Spizzo director 1313 N MARKET ST, WILMINGTON DE 19894
Derek R Bristow officer: SVP & GM - APAC LOCALITA BREDA LIBERA, VIA IV NOVEMBRE 3, VEROLANUOVA L6 25028
David G Birney director 3550 W. MARKET STREET, AKRON OH 44333
Timothy J Mcdannold officer: Treasurer - Dir.Risk Mngmnt. 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Lee D Meyer director 208 SHAWNA DRIVE, KEARNEY MO 64060
Joseph M Gingo director, officer: President & CEO 3550 WEST MARKET STREET, AKRON OH 44333
Gary A Miller officer: VP, Chief Procurement Officer 3550 WEST MARKET STREET, AKRON OH 44333
James A Mitarotonda director 888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Gustavo S. Perez officer: SVP & GM LATAM 3550 WEST MARKET STREET, AKRON OH 44333