Britvic (LSE:BVIC) Total Inventories : £214 Mil (As of Mar. 2024)

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What is Britvic Total Inventories?

Britvic's total inventories for the quarter that ended in Mar. 2024 was £214 Mil. Britvic's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Mar. 2024 was £212 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Britvic's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was £-4.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Britvic's Days Inventory for the six months ended in Mar. 2024 was 75.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Britvic's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.43.

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. Britvic's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.

Britvic Total Inventories Historical Data

The historical data trend for Britvic'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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Britvic Total Inventories Chart

Britvic Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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141.00

118.50

135.00

172.00

209.80

Britvic Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Inventories	Get a 7-Day Free Trial															179.70	172.00	218.80	209.80	214.20

Britvic 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.

Britvic (LSE:BVIC) 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.

Britvic's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(35.9	+	0.75 * 434.7	+	0.5 * 214.2	-	1541.2
-	0	-	0)	/	247.31
=	-4.34

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

Britvic's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	212	/	515.9	*	365 / 2
	=	75.00

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

Britvic's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	515.9	/	212
	=	2.43

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.

Britvic's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	212	/	880.3
	=	0.24

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.

Britvic Total Inventories Related Terms

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Britvic (LSE:BVIC) Business Description

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Address

Breakspear Way, Breakspear Park, Hemel Hempstead, Hertfordshire, GBR, HP2 4TZ

Website

https://www.britvic.com

Britvic PLC manufactures and sells nonalcoholic beverages, predominantly in Great Britain, France, and Ireland. In Great Britain and Ireland, the company sells PepsiCo brands in addition to its own Britvic brands. Britvic brands include Robinsons, J2O, Tango, Fruit Shoot and others. In France, it sells its own brands, including Teisseire, as well as private-label juices and syrups. The company also has a small international business that sells in dozens of countries, including India, the United States, and Brazil, where Britvic bought the Ebba company and now owns the Maguary and Dafruta brands. Majority of the company's total revenue is from sales in Great Britain. Britvic predominantly distributes its products to supermarkets.

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