Smiths Group (Smiths Group) Total Inventories : $825 Mil (As of Jan. 2024)

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What is Smiths Group Total Inventories?

Smiths Group's total inventories for the quarter that ended in Jan. 2024 was $825 Mil. Smiths Group's average total inventories from the quarter that ended in Jul. 2023 to the quarter that ended in Jan. 2024 was $823 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Smiths Group's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smiths Group's Days Inventory for the six months ended in Jan. 2024 was 125.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smiths Group's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.46.

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. Smiths Group's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.43.

Smiths Group Total Inventories Historical Data

The historical data trend for Smiths Group'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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Smiths Group Total Inventories Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Total Inventories

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519.30

566.71

526.24

683.45

820.88

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Total Inventories	Get a 7-Day Free Trial															605.69	683.45	844.55	820.88	824.65

Smiths Group 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.

Smiths Group (OTCPK:SMGZY) 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.

Smiths Group's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(228.717	+	0.75 * 987.294	+	0.5 * 824.651	-	2463.787
-	0	-	27.954)	/	347.538
=	-3.19

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

Smiths Group's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	822.7635	/	1200.763	*	365 / 2
	=	125.05

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

Smiths Group's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	1200.763	/	822.7635
	=	1.46

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.

Smiths Group's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	822.7635	/	1914.867
	=	0.43

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.

Smiths Group Total Inventories Related Terms

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Smiths Group (Smiths Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGZY) » Definitions » Total Inventories

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Traded in Other Exchanges

SMGKF:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.