Salzgitter AG (Salzgitter AG) Total Inventories : $3,097 Mil (As of Dec. 2023)

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What is Salzgitter AG Total Inventories?

Salzgitter AG's total inventories for the quarter that ended in Dec. 2023 was $3,097 Mil. Salzgitter AG's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $3,181 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Salzgitter AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Salzgitter AG's Days Inventory for the three months ended in Dec. 2023 was 158.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Salzgitter AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

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. Salzgitter AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.22.

Salzgitter AG Total Inventories Historical Data

The historical data trend for Salzgitter 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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Salzgitter AG Total Inventories Chart

Salzgitter AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2,481.78

2,335.40

3,506.44

3,632.20

3,096.73

Salzgitter AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															3,632.20	3,404.71	3,417.34	3,265.85	3,096.73

Salzgitter 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.

Salzgitter AG (OTCPK:SZGPY) 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.

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

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1024.755	+	0.75 * 1332.061	+	0.5 * 3096.728	-	6180.48
-	0	-	8.288)	/	540.873
=	-4.84

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

Salzgitter AG's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3181.288	/	1826.935	*	365 / 4
	=	158.90

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1826.935	/	3181.288
	=	0.57

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3181.288	/	2600.654
	=	1.22

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.

Salzgitter AG Total Inventories Related Terms

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Salzgitter AG (Salzgitter AG) Business Description

Industry

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Traded in Other Exchanges

SZGd:UK 0G77:UK SZG:Germany SZG:Germany SZG:Germany SZG:Germany

Address

Eisenhüttenstrasse 99, Salzgitter, DEU, 38239

Website

https://www.salzgitter-ag.com

Salzgitter AG is a German-based steel & technology company. The segments of the company are Steel Production, Steel Processing, Trading, & Technology business. The majority is derived from the trading segment. Steel Production Business Unit manufactures high-quality branded steel & special steel. Steel Processing Business Unit produce a broad spectrum of high-grade plate products. Trading Business Unit operates a tightly-knit European sales network & trading companies & agencies that ensure that Salzgitter Group's products & services are marketed efficiently. Technology Business Unit operates in the filling & packing technology segment, as well as in special machinery engineering for shoe manufacturing & elastomer production. Geographically, the majority is derived from domestic markets.