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Fiat Industrial SpA (MIL:FI) Total Inventories : €5,821 Mil (As of Jun. 2013)


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What is Fiat Industrial SpA Total Inventories?

Fiat Industrial SpA's total inventories for the quarter that ended in Jun. 2013 was €5,821 Mil. Fiat Industrial SpA's average total inventories from the quarter that ended in Mar. 2013 to the quarter that ended in Jun. 2013 was €5,741 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fiat Industrial SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2013 was €-22.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fiat Industrial SpA's Days Inventory for the three months ended in Jun. 2013 was 96.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fiat Industrial SpA's Inventory Turnover for the quarter that ended in Jun. 2013 was 0.95.

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. Fiat Industrial SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2013 was 0.84.


Fiat Industrial SpA Total Inventories Historical Data

The historical data trend for Fiat Industrial SpA'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.

* Premium members only.

Fiat Industrial SpA Total Inventories Chart

Fiat Industrial SpA Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Total Inventories
Get a 7-Day Free Trial Premium Member Only 11,346.00 8,748.00 4,443.00 4,865.00 4,843.00

Fiat Industrial SpA Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,704.00 5,557.00 4,843.00 5,660.00 5,821.00

Fiat Industrial SpA 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.


Fiat Industrial SpA  (MIL:FI) 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.

Fiat Industrial SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2013 is

Net-Net Working Capital Per Share (Q: Jun. 2013 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3869+0.75 * 1504+0.5 * 5821-34030
-0-860)/1222.560
=-22.07

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

Fiat Industrial SpA's Days Inventory for the three months ended in Jun. 2013 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2013 )/Cost of Goods Sold (Q: Jun. 2013 )*Days in Period
=5740.5/5451*365 / 4
=96.10

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

Fiat Industrial SpA's Inventory Turnover for the quarter that ended in Jun. 2013 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2013 ) / Average Total Inventories (Q: Jun. 2013 )
=5451 / 5740.5
=0.95

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.

Fiat Industrial SpA's Inventory to Revenue for the quarter that ended in Jun. 2013 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2013 ) / Revenue (Q: Jun. 2013 )
=5740.5 / 6825
=0.84

* 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.


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.


Fiat Industrial SpA Total Inventories Related Terms

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Fiat Industrial SpA (MIL:FI) Business Description

Traded in Other Exchanges
N/A
Address
Fiat Industrial SpA operates in the capital goods sector. Each of the Group's businesses is a major international player in its respective industry sector: Iveco, CNH-Case New Holland and FPT Industrial. These three sectors design, produce and sell trucks, commercial vehicles, buses, special vehicles (Iveco), tractors, and agricultural and construction equipment (CNH), in addition to engines and transmissions for those vehicles and engines for marine applications (FPT Industrial). Agricultural equipment is sold under the New Holland Agriculture and Case IH and, in the premium segment in Europe, Steyr brands. Construction equipment is sold under the New Holland Construction and Case Construction brands, as well as the Kobelco brand in North America. Iveco designs, manufactures and sells a wide range of light (2.8-6 tons GVW), medium (6-16 tons GVW) and heavy (above 16 tons GVW) commercial vehicles for on-road and off-road use. In addition to its main product offer, the Company also offers after-sales and financing services, in addition to services related to used-vehicles. FPT Industrial is specialized in the design, production and sale of propulsion and transmission systems for on- and off-road trucks and commercial vehicles, as well as engines for marine application and power generation.

Fiat Industrial SpA (MIL:FI) Headlines

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