Vodafone Group (Vodafone Group) Total Inventories

: $1,077 Mil (As of Sep. 2023)

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Vodafone Group's total inventories for the quarter that ended in Sep. 2023 was $1,077 Mil. Vodafone Group's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was $1,050 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vodafone Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-25.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vodafone Group's Days Inventory for the six months ended in Sep. 2023 was 11.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vodafone Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 15.52.

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. Vodafone Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

Vodafone Group Total Inventories Historical Data

The historical data trend for Vodafone 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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Vodafone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

806.78

660.77

804.76

920.71

1,023.56

Vodafone Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories																840.00	920.71	981.19	1,023.56	1,076.84

Vodafone 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.

Vodafone Group (NAS:VOD) 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.

Vodafone Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(13943.436	+	0.75 * 12229.456	+	0.5 * 1076.841	-	92352.188
-	0	-	1184.632)	/	2707.71
=	-25.81

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

Vodafone Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1050.198	/	16304.162	*	365 / 2
	=	11.76

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

Vodafone Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	16304.162	/	1050.198
	=	15.52

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.

Vodafone Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1050.198	/	23411.953
	=	0.04

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.

Vodafone Group Total Inventories Related Terms

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Vodafone Group (Vodafone Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vodafone Group PLC (NAS:VOD) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

VODPF:USA VOD N:Mexico VODl:UK VOD:UK VODI:Germany V1OD34:Brazil VOD:Austria VOD:Argentina

Address

Vodafone House, The Connection, Newbury, Berkshire, GBR, RG14 2FN

Website

https://www.vodafone.com

Vodafone operates mobile and fixed-line networks and businesses in more than 20 countries. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns a cable network after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the U.K. and Italy, it acts as a mobile operator, while in Spain it offers converged services after the acquisition of cable operator Ono in 2014. Vodafone also has operations in several Central European and African countries, which combined represent around one third of revenue.