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Avon Products (Avon Products) Total Inventories : $352 Mil (As of Mar. 2023)


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What is Avon Products Total Inventories?

Avon Products's total inventories for the quarter that ended in Mar. 2023 was $352 Mil. Avon Products's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was $342 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Avon Products's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-6.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avon Products's Days Inventory for the three months ended in Mar. 2023 was 130.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avon Products's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.70.

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. Avon Products's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.58.


Avon Products Total Inventories Historical Data

The historical data trend for Avon Products'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.

Avon Products Total Inventories Chart

Avon Products Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 542.00 452.30 459.10 384.10 332.20

Avon Products Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 421.80 408.00 390.40 332.20 351.90

Avon Products 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.


Avon Products  (NYSE:AVP) 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.

Avon Products'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)
=(244.5+0.75 * 168.4+0.5 * 351.9-3439.7
-0-3.6)/443.525
=-6.53

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

Avon Products's Days Inventory for the three 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
=342.05/238.4*365 / 4
=130.92

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

Avon Products'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 )
=238.4 / 342.05
=0.70

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.

Avon Products'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 )
=342.05 / 590.5
=0.58

* 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.


Avon Products Total Inventories Related Terms

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Avon Products (Avon Products) Business Description

Traded in Other Exchanges
N/A
Address
Nunn Mills Road, Lancaster House, Northampton, GBR, NN1 5PA
Avon Products Inc is a firm which manufactures and sells beauty and related products. Avon's product mix consists of beauty (cosmetics, fragrances, and skin care), fashion (accessories and apparel), and home (home products and gifts). Generating, a majority of its revenue from Beauty. The company's geographic operating segments includes Avon International and Avon Latin America.
Executives
Gustavo Arnal officer: Executive Vice President, CFO C/O AVON PRODUCTS, INC., 1 AVON PLACE, SUFFERN NY 10901
Fernandez Calero Miguel Angel officer: Global President 800 W. OLYMPIC BLVD. SUITE 406, LOS ANGELES CA 90015
James A Mitarotonda director 888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Chan Galbato director 191 E NORTH AVENUE, CAROL STREAM IL 60188
Nancy Killefer director 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Helen Mccluskey director 2211 REDDING ROAD, FAIRFIELD CT 06430
Lenard Tessler director C/O ALBERTSONS COMPANIES, INC., 250 E. PARKCENTER BLVD., BOISE ID 83706
W Don Cornwell director
Susan J Kropf director C/O AVON PRODUCTS INC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196
Cathy D Ross director 901 44TH STREET SE, GRAND RAPIDS MI 49508
James E Thompson officer: Senior Vice President 250 EAST FIFTH STREET, CINCINNATI OH 45202
Charles H Noski director ONE PICKWICK PLAZA, GREENWICH CT 06830
Steven F Mayer director 11812 SAN VICENTE BLVD. # 300, LOS ANGELES CA 90049
Sherilyn S Mccoy director, officer: CEO JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
James S Scully officer: EVP, COO C/O J. CREW GROUP, INC., 770 BROADWAY, NEW YORK NY 10003