McKesson Europe AG (HAM:CLS1) Total Inventories : €583 Mil (As of Mar. 2022)

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What is McKesson Europe AG Total Inventories?

McKesson Europe AG's total inventories for the quarter that ended in Mar. 2022 was €583 Mil. McKesson Europe AG's average total inventories from the quarter that ended in Mar. 2021 to the quarter that ended in Mar. 2022 was €916 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. McKesson Europe AG's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was €-7.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. McKesson Europe AG's Days Inventory for the six months ended in Mar. 2022 was 19.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. McKesson Europe AG's Inventory Turnover for the quarter that ended in Mar. 2022 was 9.23.

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. McKesson Europe AG's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.10.

McKesson Europe AG Total Inventories Historical Data

The historical data trend for McKesson Europe AG'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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McKesson Europe AG Total Inventories Chart

McKesson Europe AG Annual Data

Trend

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Total Inventories

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1,465.60

1,554.20

1,327.10

1,249.40

583.20

McKesson Europe AG Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Total Inventories	Get a 7-Day Free Trial															1,465.60	1,554.20	1,327.10	1,249.40	583.20

McKesson Europe AG 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.

McKesson Europe AG (HAM:CLS1) 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.

McKesson Europe AG's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 is

	Net-Net Working Capital Per Share (Q: Mar. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.3	+	0.75 * 923.6	+	0.5 * 583.2	-	2582.3
-	0	-	27.2)	/	203.221
=	-7.97

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

McKesson Europe AG's Days Inventory for the six months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	916.3	/	8453.3	*	365 / 2
	=	19.78

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

McKesson Europe AG's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2022 )	/	Average Total Inventories (Q: Mar. 2022 )
	=	8453.3	/	916.3
	=	9.23

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.

McKesson Europe AG's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	916.3	/	9257.1
	=	0.10

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.

McKesson Europe AG Total Inventories Related Terms

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McKesson Europe AG (HAM:CLS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » McKesson Europe AG (HAM:CLS1) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

Stockholmer Platz 1, Stuttgart, BW, DEU, 70137

Website

https://www.mckesson.eu

McKesson Europe AG is a medical care company that provides logistics and services to the pharmaceutical and healthcare sectors. The company operates two distinct segments: Pharmaceutical Distribution and Retail Pharmacy. The Pharmaceutical Distribution business sells wholesale pharmaceutical products and generates the majority of the company's revenue. The Retail Pharmacy segment operates its own pharmacies in addition to franchise pharmacies that provide prescriptions and over-the-counter pharmaceutical products. Geographically, the company's revenue derives predominantly from the United Kingdom, France, Germany, and other countries.

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