Morrison (Wm) Supermarkets (LSE:MRW) Total Inventories : £739 Mil (As of Jul. 2021)

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What is Morrison (Wm) Supermarkets Total Inventories?

Morrison (Wm) Supermarkets's total inventories for the quarter that ended in Jul. 2021 was £739 Mil. Morrison (Wm) Supermarkets's average total inventories from the quarter that ended in Jan. 2021 to the quarter that ended in Jul. 2021 was £777 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Morrison (Wm) Supermarkets's Net-Net Working Capital per share for the quarter that ended in Jul. 2021 was £-2.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Morrison (Wm) Supermarkets's Days Inventory for the six months ended in Jul. 2021 was 16.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Morrison (Wm) Supermarkets's Inventory Turnover for the quarter that ended in Jul. 2021 was 11.37.

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. Morrison (Wm) Supermarkets's Inventory-to-Revenue for the quarter that ended in Jul. 2021 was 0.09.

Morrison (Wm) Supermarkets Total Inventories Historical Data

The historical data trend for Morrison (Wm) Supermarkets'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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Morrison (Wm) Supermarkets Total Inventories Chart

Morrison (Wm) Supermarkets Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Total Inventories

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614.00

686.00

713.00

660.00

814.00

Morrison (Wm) Supermarkets Semi-Annual Data
	Jan12	Jul12	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21
Total Inventories	Get a 7-Day Free Trial															583.00	660.00	691.00	814.00	739.00

Morrison (Wm) Supermarkets 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.

Morrison (Wm) Supermarkets (LSE:MRW) 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.

Morrison (Wm) Supermarkets's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2021 is

	Net-Net Working Capital Per Share (Q: Jul. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(274	+	0.75 * 405	+	0.5 * 739	-	7057
-	0	-	0)	/	2418.32
=	-2.53

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

Morrison (Wm) Supermarkets's Days Inventory for the six months ended in Jul. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2021 )	/	Cost of Goods Sold (Q: Jul. 2021 )	*	Days in Period
	=	776.5	/	8827	*	365 / 2
	=	16.05

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

Morrison (Wm) Supermarkets's Inventory Turnover for the quarter that ended in Jul. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jul. 2021 )	/	Average Total Inventories (Q: Jul. 2021 )
	=	8827	/	776.5
	=	11.37

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.

Morrison (Wm) Supermarkets's Inventory to Revenue for the quarter that ended in Jul. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2021 )	/	Revenue (Q: Jul. 2021 )
	=	776.5	/	9054
	=	0.09

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.

Morrison (Wm) Supermarkets Total Inventories Related Terms

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Morrison (Wm) Supermarkets (LSE:MRW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Morrison (Wm) Supermarkets PLC (LSE:MRW) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gain Lane, Hilmore House, Bradford, West Yorkshire, GBR, BD3 7DL

Website

https://www.morrisons.com

Founded by William Morrison in 1899, Wm Morrison Supermarkets is the U.K.'s fourth- largest grocery chain, with a market share of around 10%. The 2004 takeover of rival Safeway transformed the firm in terms of scale and gave it a significant presence outside its base in Northern England. The company operates about 500 stores, entirely in the United Kingdom. Morrisons has an online presence via a partnership with Ocado and Amazon and has lately been trying to expand its wholesale channel with new agreements (McColl's).

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