Sherwin-Williams Co (Sherwin-Williams Co) Total Inventories

: $2,330 Mil (As of Dec. 2023)

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Sherwin-Williams Co's total inventories for the quarter that ended in Dec. 2023 was $2,330 Mil. Sherwin-Williams Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,287 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sherwin-Williams Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-62.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sherwin-Williams Co's Days Inventory for the three months ended in Dec. 2023 was 77.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sherwin-Williams Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.18.

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. Sherwin-Williams Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

Sherwin-Williams Co Total Inventories Historical Data

The historical data trend for Sherwin-Williams 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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Sherwin-Williams Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,889.60

1,804.10

1,927.20

2,626.50

2,329.80

Sherwin-Williams 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															2,626.50	2,707.80	2,439.00	2,244.30	2,329.80

Sherwin-Williams 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.

Sherwin-Williams Co (NYSE:SHW) 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.

Sherwin-Williams 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)
=	(276.8	+	0.75 * 2467.9	+	0.5 * 2329.8	-	19238.6
-	0	-	0)	/	254.543
=	-62.65

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

Sherwin-Williams 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
	=	2287.05	/	2703.5	*	365 / 4
	=	77.19

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

Sherwin-Williams 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 )
	=	2703.5	/	2287.05
	=	1.18

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.

Sherwin-Williams 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 )
	=	2287.05	/	5252.2
	=	0.44

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.

Sherwin-Williams Co Total Inventories Related Terms

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Sherwin-Williams Co (Sherwin-Williams Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sherwin-Williams Co (NYSE:SHW) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

SHW:Mexico 1SHW:Italy SJ3:Germany SJ3:Germany S1HW34:Brazil

Address

101 West Prospect Avenue, Cleveland, OH, USA, 44115-1075

Website

https://www.sherwin-williams.com

Sherwin-Williams is the largest provider of architectural paint in the United States. The company has over 4,900 stores and sells premium paint at higher price points than most competitors. Sherwin-Williams also sells paint-related products in big-box stores and provides coatings for original equipment manufacturers.

Executives

Mary L Garceau	officer: SVP, Gen. Counsel & Secretary	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Heidi G Petz	officer: President, Consumer Brands Grp	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
John G Morikis	officer: President, Paint Stores Group	C/O THE SHERWIN WILLIAMS CO, 101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Thomas L Williams	director	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Gregory P. Sofish	officer: SVP - Human Resources	101 WEST PROSPECT AVENUE, 1180 MIDLAND BUILDING, CLEVELAND OH 44115
Justin T Binns	officer: President, Perf Coatings Grp	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Karl J Jorgenrud	officer: President, Perf Coatings Group	101 WEST PROSPECT AVENUE, 1180 MIDLAND, CLEVELAND OH 44115
Todd D Rea	officer: President, Consumer Brands Grp	101 W. PROSPECT AVENUE, 1180 MIDLAND, CLEVELAND OH 44115
Bryan J Young	officer: SVP - Corp Strategy & Devel.	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Joseph F Sladek	officer: Pres. & GM, Glob. Supply Chain	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Marta R Stewart	director	C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Peter J. Ippolito	officer: President, The Americas Group	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Jane M. Cronin	officer: SVP - Corporate Controller	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Thomas P Gilligan	officer: SVP-Human Resources	101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Brian E Padden	officer: President, Consumer Brands Grp	101 W. PROSPECT, CLEVELAND OH 44115