Cebu Air (Cebu Air) Total Inventories : $61 Mil (As of Sep. 2023)

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What is Cebu Air Total Inventories?

Cebu Air's total inventories for the quarter that ended in Sep. 2023 was $61 Mil. Cebu Air's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $58 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cebu Air's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-4.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cebu Air's Days Inventory for the three months ended in Sep. 2023 was 15.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cebu Air's Inventory Turnover for the quarter that ended in Sep. 2023 was 5.71.

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. Cebu Air's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.14.

Cebu Air Total Inventories Historical Data

The historical data trend for Cebu Air'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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Cebu Air Total Inventories Chart

Cebu Air Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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34.88

34.25

33.07

30.82

43.94

Cebu Air Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															37.39	43.94	49.10	55.36	61.04

Cebu Air 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.

Cebu Air (OTCPK:CEBUF) 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.

Cebu Air's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(314.764	+	0.75 * 27.417	+	0.5 * 61.036	-	2956.455
-	5.379	-	0)	/	621.627
=	-4.18

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

Cebu Air's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	58.1975	/	332.474	*	365 / 4
	=	15.97

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

Cebu Air's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	332.474	/	58.1975
	=	5.71

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.

Cebu Air's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	58.1975	/	405.021
	=	0.14

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.

Cebu Air Total Inventories Related Terms

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Cebu Air (Cebu Air) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cebu Air Inc (OTCPK:CEBUF) » Definitions » Total Inventories

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CEBCP.PFD:Philippines CEB:Philippines

Address

Sergio Osmena Boulevard, Level 4, Unit 4030-4031, Robinsons Galleria Cebu, General Maxilom Avenue cor, Cebu, CEB, PHL, 6000

Website

https://www.cebupacificair.com

Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, which are the airline business (Parent Company and CEBGO) and the line and light maintenance business (A-Plus). The revenue of the operating segment was mainly derived from rendering transportation services and line and light maintenance services. The Airline Group has a network of distributors in the Philippines selling its domestic and international air services within an agreed territory or geographical coverage. Geographically, it operates in the Philippines, Asia (excluding the Philippines), Europe, and Others, out of which the majority is from the Philippines.

Cebu Air (Cebu Air) Headlines

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Baron Funds Comments on Cebu Air Inc.

By Holly LaFon Holly LaFon • 12-10-2013