Noratis AG (HAM:NUVA) Total Inventories : €441.72 Mil (As of Jun. 2023)

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What is Noratis AG Total Inventories?

Noratis AG's total inventories for the quarter that ended in Jun. 2023 was €441.72 Mil. Noratis AG's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was €448.27 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Noratis AG's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-31.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noratis AG's Days Inventory for the six months ended in Jun. 2023 was 3,700.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noratis AG's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.05.

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. Noratis AG's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 13.39.

Noratis AG Total Inventories Historical Data

The historical data trend for Noratis AG'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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Noratis AG Total Inventories Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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181.00

243.16

333.51

424.18

454.81

Noratis AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial											365.00	424.18	411.84	454.81	441.72

Noratis AG 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.

Noratis AG (HAM:NUVA) 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.

Noratis AG's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12.131	+	0.75 * 1.463	+	0.5 * 441.722	-	399.288
-	0	-	0.454)	/	5.28348
=	-31.35

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

Noratis AG's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	448.267	/	22.108	*	365 / 2
	=	3,700.41

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

Noratis AG's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	22.108	/	448.267
	=	0.05

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.

Noratis AG's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	448.267	/	33.479
	=	13.39

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.

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Noratis AG (HAM:NUVA) Business Description

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NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.