IHS Markit (IHS Markit) Total Inventories : $0 Mil (As of Nov. 2021)

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What is IHS Markit Total Inventories?

IHS Markit's total inventories for the quarter that ended in Nov. 2021 was $0 Mil. IHS Markit's average total inventories from the quarter that ended in Aug. 2021 to the quarter that ended in Nov. 2021 was $0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IHS Markit's Net-Net Working Capital per share for the quarter that ended in Nov. 2021 was $-16.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IHS Markit's Days Inventory for the three months ended in Nov. 2021 was 0.00.

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

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. IHS Markit's Inventory-to-Revenue for the quarter that ended in Nov. 2021 was 0.00.

IHS Markit Total Inventories Historical Data

The historical data trend for IHS Markit'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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IHS Markit Total Inventories Chart

IHS Markit Annual Data

Trend

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Total Inventories

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IHS Markit Quarterly Data
	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

IHS Markit 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.

IHS Markit (NYSE:INFO) 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.

IHS Markit's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2021 is

	Net-Net Working Capital Per Share (Q: Nov. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(293.1	+	0.75 * 906.5	+	0.5 * 0	-	7411.5
-	0	-	13)	/	399
=	-16.17

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

IHS Markit's Days Inventory for the three months ended in Nov. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2021 )	/	Cost of Goods Sold (Q: Nov. 2021 )	*	Days in Period
	=	0	/	441.6	*	365 / 4
	=	0.00

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

IHS Markit's Inventory Turnover for the quarter that ended in Nov. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2021 )	/	Average Total Inventories (Q: Nov. 2021 )
	=	441.6	/	0
	=	N/A

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.

IHS Markit's Inventory to Revenue for the quarter that ended in Nov. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2021 )	/	Revenue (Q: Nov. 2021 )
	=	0	/	1176.3
	=	0.00

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.

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IHS Markit (IHS Markit) Business Description

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Address

25 Ropemaker Street, 4th Floor, Ropemaker Place, London, GBR, EC2Y 9LY

Website

https://www.ihsmarkit.com

IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.