International Consolidated Airlines Group (LSE:IAG) Total Inventories : £350 Mil (As of Jun. 2023)

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What is International Consolidated Airlines Group Total Inventories?

International Consolidated Airlines Group's total inventories for the quarter that ended in Jun. 2023 was £350 Mil. International Consolidated Airlines Group's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Jun. 2023 was £175 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. International Consolidated Airlines Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £-4.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Consolidated Airlines Group's Days Inventory for the three months ended in Jun. 2023 was 3.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. International Consolidated Airlines Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 28.94.

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. International Consolidated Airlines Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.03.

International Consolidated Airlines Group Total Inventories Historical Data

The historical data trend for International Consolidated Airlines Group'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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International Consolidated Airlines Group Total Inventories Chart

International Consolidated Airlines Group Annual Data

Trend

Dec14

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Dec23

Total Inventories

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478.99

317.69

283.81

307.01

425.58

International Consolidated Airlines Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	307.01	-	350.09	425.58

International Consolidated Airlines Group 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.

International Consolidated Airlines Group (LSE:IAG) 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.

International Consolidated Airlines Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10305.439	+	0.75 * 1485.322	+	0.5 * 350.093	-	34708.134
-	0	-	5.148)	/	4920.07
=	-4.70

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

International Consolidated Airlines Group's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	175.0465	/	5065.196	*	365 / 4
	=	3.15

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

International Consolidated Airlines Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	5065.196	/	175.0465
	=	28.94

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.

International Consolidated Airlines Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	175.0465	/	6602.002
	=	0.03

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.

International Consolidated Airlines Group Total Inventories Related Terms

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International Consolidated Airlines Group (LSE:IAG) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Consolidated Airlines Group SA (LSE:IAG) » Definitions » Total Inventories

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Traded in Other Exchanges

ICAGY:USA BABWF:USA 1IAG:Italy IAGl:UK 0A2L:UK IAG:Spain INR:Germany IAG:Austria

Address

El Caserio, Iberia Zona Industrial No. 2, Camino de La Munoza, s/n, Madrid, ESP, 28042

Website

https://www.iairgroup.com

International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The company carried 264 million passengers to its network of 185 destinations globally. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom.