YIT Oyj (YIT Oyj) Total Inventories : $1,676 Mil (As of Mar. 2024)

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What is YIT Oyj Total Inventories?

YIT Oyj's total inventories for the quarter that ended in Mar. 2024 was $1,676 Mil. YIT Oyj's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $1,707 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. YIT Oyj's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. YIT Oyj's Days Inventory for the three months ended in Mar. 2024 was 1,477.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. YIT Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.06.

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. YIT Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.81.

YIT Oyj Total Inventories Historical Data

The historical data trend for YIT Oyj'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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YIT Oyj Total Inventories Chart

YIT Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2,074.44

1,841.85

1,601.13

1,704.45

1,737.19

YIT Oyj 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															1,758.03	1,821.24	1,705.44	1,737.19	1,676.09

YIT Oyj 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.

YIT Oyj (OTCPK:YITYY) 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.

YIT Oyj'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)
=	(291.304	+	0.75 * 307.609	+	0.5 * 1676.087	-	2218.478
-	0	-	0)	/	400.000
=	-2.15

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

YIT Oyj'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
	=	1706.6365	/	105.435	*	365 / 4
	=	1,477.03

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

YIT Oyj'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 )
	=	105.435	/	1706.6365
	=	0.06

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.

YIT Oyj'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 )
	=	1706.6365	/	447.826
	=	3.81

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.

YIT Oyj Total Inventories Related Terms

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YIT Oyj (YIT Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » YIT Oyj (OTCPK:YITYY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

YITh:UK 0GKA:UK YIT:Finland YIT:Germany

Address

Panuntie 11, P.O. Box 36, Helsinki, FIN, 00620

Website

https://www.yitgroup.com

YIT Oyj is a Finnish construction service provider. YIT develops and builds apartments and living services, business premises and entire areas. The company has four reportable segments: 1) Housing segment which comprises the development and construction of apartments, entire residential areas and leisure-time residences; 2) Business Premises segment engages in contracting in business premises construction as well as residential construction. 3) Infrastructure segment includes railway and traffic route construction and maintenance, green construction, bridge building and repairing, foundation construction and other earthworks, shoreline and waterworks construction, etc; 4) Property Development segment develops business premises and hybrid projects as well as wind farms.

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