MercadoLibre (NAS:MELI) Total Inventories

: $152 Mil (As of Dec. 2022)

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MercadoLibre's total inventories for the quarter that ended in Dec. 2022 was $152 Mil. MercadoLibre's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Dec. 2022 was $156 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MercadoLibre's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-173.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MercadoLibre's Days Inventory for the three months ended in Dec. 2022 was 9.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. MercadoLibre's Inventory Turnover for the quarter that ended in Dec. 2022 was 9.90.

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. MercadoLibre's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.05.

MercadoLibre Total Inventories Historical Data

The historical data trend for MercadoLibre'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.

* Premium members only.

MercadoLibre Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

4.61

8.63

118.14

253.00

152.00

MercadoLibre Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Total Inventories																253.00	239.00	183.00	160.00	152.00

MercadoLibre 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.

MercadoLibre (NAS:MELI) 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.

MercadoLibre's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

	Net-Net Working Capital Per Share (Q: Dec. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3030	+	0.75 * 130	+	0.5 * 152	-	11909
-	0	-	0)	/	50.2578
=	-173.22

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

MercadoLibre's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	156	/	1544	*	365 / 4
	=	9.22

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

MercadoLibre's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2022 )	/	Average Total Inventories (Q: Dec. 2022 )
	=	1544	/	156
	=	9.90

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.

MercadoLibre's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	156	/	3002
	=	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.

MercadoLibre Total Inventories Related Terms

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MercadoLibre (NAS:MELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MercadoLibre Inc (NAS:MELI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

MELI:Mexico MLB1:Germany MELI34:Brazil MELI:Austria MELI:Argentina

Address

WTC Free Zone, Dr. Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300

Website

https://www.mercadolibre.com

MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 140 million active users and 1 million active sellers as of the end of 2021 across an 18-country footprint. The company also operates a host of complementary businesses, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.

Executives

Petroni Merhy Andrea Mayumi	director	HOUSE B, 32 STANLEY VILLAGE ROAD, STANLEY K3 000000
De La Serna Juan Martin	officer: Executive VP Corporate Affairs	AV. PTE. PERON 2375, LOTE MN04, PILAR, BUENOS AIRES C1 1629
Richard A Sanders	director	80 PALL MALL, LONDON X0 SW1Y 5ES
Ariel Szarfsztejn	officer: Executive VP - Commerce	POSTA 4789, 6TH FLOOR, BUENOS AIRES C1 C1430CRG
Henrique Vasoncelos Dubugras	director	1000 LAUREL WAY, BEVERLY HILLS CA 90210
Meyer Malka	director	C/O MERCADOLIBRE, INC., ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1C1430CRG
Roberto Balls Sallouti	director	ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1 C1430CRG
Emiliano Calemzuk	director	C/O MERCADOLIBRE, INC., TRONADOR 4890, 8TH FLOOR, BUENOS AIRES C1 C1430DNN
Alejandro Nicolas Aguzin	director	ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430DNN
Ebay Inc	10 percent owner	2025 HAMILTON AVENUE, SAN JOSE CA 95125
Javier Olivan	director	62 RIDGE VIEW DRIVE, ATHERTON X1 94027
Susan Segal	director
Pedro Arnt	officer: Executive VP and CFO	ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430CRG
Daniel Rabinovich	officer: VP-Chief Technology Officer	ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430CRG
Marcelo Melamud	officer: V. P. Chief Accounting Officer	TRONADOR 4890, 8TH FLOOR, BUENOS AIRES C1 C1430DNN