NCC AB (NCC AB) Total Inventories : $1,081 Mil (As of Mar. 2024)

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What is NCC AB Total Inventories?

NCC AB's total inventories for the quarter that ended in Mar. 2024 was $1,081 Mil. NCC AB's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $1,085 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. NCC AB's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-11.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NCC AB's Days Inventory for the three months ended in Mar. 2024 was 94.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. NCC AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.96.

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. NCC AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.98.

NCC AB Total Inventories Historical Data

The historical data trend for NCC AB'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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NCC AB Total Inventories Chart

NCC AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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676.07

902.90

817.97

908.56

1,088.56

NCC AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															928.67	972.04	975.93	1,088.56	1,081.23

NCC AB 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.

NCC AB (OTCPK:NCCBF) 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.

NCC AB'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)
=	(137.255	+	0.75 * 736.123	+	0.5 * 1081.229	-	2309.702
-	0	-	0)	/	97.6617
=	-11.06

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

NCC AB's Days Inventory for the three 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
	=	1084.894	/	1043.77	*	365 / 4
	=	94.85

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

NCC AB'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 )
	=	1043.77	/	1084.894
	=	0.96

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.

NCC AB'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 )
	=	1084.894	/	1110.428
	=	0.98

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.

NCC AB Total Inventories Related Terms

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NCC AB (NCC AB) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NCC B:Sweden NCC A:Sweden NCCBs:UK 0OFP:UK NCGB:Germany

Address

Herrjarva Torg 4, Solna, SWE, SE-170 80

Website

https://www.ncc.com

NCC AB is a leading construction and property development company in the Nordic region. Its business operations are divided into five operating segments: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development in descending order of total net sales. The company's major projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development.