Vantage Towers AG (Vantage Towers AG) Total Inventories : $0 Mil (As of Mar. 2023)

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What is Vantage Towers AG Total Inventories?

Vantage Towers AG's total inventories for the quarter that ended in Mar. 2023 was $0 Mil. Vantage Towers AG's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Mar. 2023 was $0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vantage Towers AG's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-5.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vantage Towers AG's Days Inventory for the six months ended in Mar. 2023 was 0.00.

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

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. Vantage Towers AG's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.00.

Vantage Towers AG Total Inventories Historical Data

The historical data trend for Vantage Towers 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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Vantage Towers AG Total Inventories Chart

Vantage Towers AG Annual Data

Trend

Mar21

Mar22

Mar23

Total Inventories

Vantage Towers AG Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

Vantage Towers 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.

Vantage Towers AG (OTCPK:VTAGY) 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.

Vantage Towers AG's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(190.043	+	0.75 * 18.522	+	0.5 * 0	-	5880.621
-	0	-	0)	/	1011.56
=	-5.61

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

Vantage Towers AG's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	0	/	26.552	*	365 / 2
	=	0.00

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

Vantage Towers AG's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	26.552	/	0
	=	N/A

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.

Vantage Towers AG's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	0	/	601.606
	=	0.00

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.

Vantage Towers AG Total Inventories Related Terms

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Vantage Towers AG (Vantage Towers AG) Business Description

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Traded in Other Exchanges

VTWR:Germany

Address

Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549

Website

https://www.vantagetowers.com

Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.

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