Dow (DOW) Total Inventories

: $6,076 Mil (As of Dec. 2023)

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Dow's total inventories for the quarter that ended in Dec. 2023 was $6,076 Mil. Dow's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $6,144 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Dow's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-42.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dow's Days Inventory for the three months ended in Dec. 2023 was 58.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dow's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.57.

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. Dow's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.

Dow Total Inventories Historical Data

The historical data trend for Dow'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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Dow Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6,214.00

5,701.00

7,372.00

6,988.00

6,076.00

Dow 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															6,988.00	6,825.00	6,487.00	6,211.00	6,076.00

Dow 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.

Dow (NYSE:DOW) 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.

Dow'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)
=	(2987	+	0.75 * 4718	+	0.5 * 6076	-	38859
-	0	-	501)	/	702.293
=	-42.43

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

Dow'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
	=	6143.5	/	9646	*	365 / 4
	=	58.12

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

Dow'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 )
	=	9646	/	6143.5
	=	1.57

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.

Dow'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 )
	=	6143.5	/	10621
	=	0.58

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.

Dow Total Inventories Related Terms

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Dow (DOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dow Inc (NYSE:DOW) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

1DOW:Italy 2OY:Germany 2OY:Germany 2OY:Germany 2OY:Germany D1OW34:Brazil DOW:Austria

Address

2211 H.H. Dow Way, Midland, MI, USA, 48674

Website

https://www.dow.com

Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.

Executives

Richard K Davis	director	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Jeffrey L. Tate	officer: Chief Financial Officer	2211 H.H. DOW WAY, MIDLAND MI 48674
Debra L. Dial	director	208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
Lisa Bryant	officer: Chief Human Resources Officer	2211 H.H. DOW WAY, MIDLAND MI 48674
Howard I Ungerleider	officer: President and CFO	2211 H.H. DOW WAY, MIDLAND MI 48674
Jerri Devard	director	120 E 87TH STREET, #P6A, NEW YORK NY 10128
Jacqueline C. Hinman	director	9191 SOUTH JAMAICA STREET, ENGLEWOOD CO 80112
James R Fitterling	officer: Chief Executive Officer	2211 H.H. DOW WAY, MIDLAND MI 48674
Moreno Mejia Luis Alberto	director	C/O DOW INC., 2211 H.H. DOW WAY, MIDLAND MI 48674
John Maurice Sampson	officer: Senior Vice President	C/O DOW INC., 2211 H.H. DOW WAY, MIDLAND MI 48674
Peter Holicki	officer: Senior Vice President	2211 H.H. DOW WAY, MIDLAND MI 48674
Banister Gaurdie E. Jr.	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Diego Donoso	officer: President, Pkg & Spec Plastics	2211 H.H. DOW WAY, MIDLAND MI 48674
Jack Broodo	officer: President, Feedstocks & Energy	2211 H.H. DOW WAY, MIDLAND MI 48640
Jane Palmieri	officer: President, Ind Interm & Infras	2211 H.H. DOW WAY, MIDLAND MI 48674