IG Group Holdings (IG Group Holdings) Total Inventories : $31 Mil (As of Nov. 2023)

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What is IG Group Holdings Total Inventories?

IG Group Holdings's total inventories for the quarter that ended in Nov. 2023 was $31 Mil. IG Group Holdings's average total inventories from the quarter that ended in May. 2023 to the quarter that ended in Nov. 2023 was $25 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IG Group Holdings's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IG Group Holdings's Days Inventory for the six months ended in Nov. 2023 was 506.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. IG Group Holdings's Inventory Turnover for the quarter that ended in Nov. 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. IG Group Holdings's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.05.

IG Group Holdings Total Inventories Historical Data

The historical data trend for IG Group Holdings'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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IG Group Holdings Total Inventories Chart

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Inventories

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27.18

42.68

17.66

18.73

IG Group Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Inventories	Get a 7-Day Free Trial															36.74	17.66	-	18.73	30.97

IG Group Holdings 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.

IG Group Holdings (OTCPK:IGGRF) 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.

IG Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

	Net-Net Working Capital Per Share (Q: Nov. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(901.866	+	0.75 * 692.289	+	0.5 * 30.97	-	1138.682
-	0	-	0)	/	386.146
=	0.77

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

IG Group Holdings's Days Inventory for the six months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	24.8485	/	8.956	*	365 / 2
	=	506.35

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

IG Group Holdings's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2023 )	/	Average Total Inventories (Q: Nov. 2023 )
	=	8.956	/	24.8485
	=	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.

IG Group Holdings's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	24.8485	/	505.473
	=	0.05

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.

IG Group Holdings Total Inventories Related Terms

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IG Group Holdings (IG Group Holdings) Business Description

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Traded in Other Exchanges

IGGHY:USA IGGl:UK IGG:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.