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EIDP's total inventories for the quarter that ended in Dec. 2023 was $6,899.00 Mil. EIDP's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $6,609.50 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. EIDP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $N/A.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EIDP's Days Inventory for the three months ended in Dec. 2023 was 254.91.
Inventory Turnover measures how fast the company turns over its inventory within a year. EIDP's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.36.
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. EIDP's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.78.
The historical data trend for EIDP'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.
EIDP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 5,032.00 | 4,882.00 | 5,180.00 | 6,812.00 | 6,899.00 |
EIDP 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 | 6,812.00 | 6,585.00 | 5,628.00 | 6,320.00 | 6,899.00 |
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.
EIDP (NYSE:CTApB.PFD) 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.
EIDP'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) | ||
= | (2742 | + | 0.75 * 4210 | + | 0.5 * 6899 | - | 17713 |
- | 239 | - | 2) | / | 0 | ||
= | N/A |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
EIDP'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 |
= | 6609.5 | / | 2366 | * | 365 / 4 | |
= | 254.91 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
EIDP'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 ) |
= | 2366 | / | 6609.5 | |
= | 0.36 |
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.
EIDP'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 ) |
= | 6609.5 | / | 3707 | |
= | 1.78 |
* 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.
Thank you for viewing the detailed overview of EIDP's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory R Friedman | director, officer: Executive VP, CFO | C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805 |
Brian Titus | officer: See Remarks | C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805 |
Collins James C. Jr. | director, officer: Chief Executive Officer | 1007 MARKET STREET, D-9058, WILMINGTON DE 19898 |
Neal Gutterson | officer: See Remarks | C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805 |
Meghan Cassidy | officer: See Remarks | C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805 |
Timothy P Glenn | officer: See Remarks | C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805 |
Fuerer Cornel B | officer: See Remarks | C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805 |
Rajan Gajaria | officer: See Remarks | C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805 |
Christopher Marc Doyle | officer: Senior Vice President | 974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805 |
James L Gallogly | director | 600 NORTH DAIRY ASHFORD ROAD, HOUSTON TX 77079 |
Edward D Breen | director | C/O TYCO INTERNATIONAL (US) INC, 9 WEST 57TH ST 43RD FL., NEW YORK NY 10019 |
Douglas W. Muzyka | officer: SVP & Chief S&T Officer | 1007 MARKET STREET, D9058, WILMINGTON DE 19898 |
Matthew L. Trerotola | officer: Executive Vice President | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Ulf M. Schneider | director | 1007 MARKET STREET, D-9000, WILMINGTON DE 19898 |
Stacy L Fox | officer: SVP & General Counsel |
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