>
Switch to:

Delta Air Lines Total Inventories

: $1,098 Mil (As of Dec. 2021)
View and export this data going back to 1967. Start your Free Trial

Delta Air Lines's total inventories for the quarter that ended in Dec. 2021 was $1,098 Mil. Delta Air Lines's average total inventories from the quarter that ended in Sep. 2021 to the quarter that ended in Dec. 2021 was $1,055 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Delta Air Lines's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $-86.19.

Inventory can be measured by days sales of inventory (DSI). Delta Air Lines's days sales of inventory (DSI) for the three months ended in Dec. 2021 was 10.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Delta Air Lines's Days Inventory for the three months ended in Dec. 2021 was 11.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Delta Air Lines's Inventory Turnover for the quarter that ended in Dec. 2021 was 8.07.

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. Delta Air Lines's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.11.


Delta Air Lines Total Inventories Historical Data

The historical data trend for Delta Air Lines'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.

Delta Air Lines Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Total Inventories
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,329.00 1,055.00 1,251.00 732.00 1,098.00

Delta Air Lines Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Total Inventories Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 732.00 828.00 1,005.00 1,012.00 1,098.00

Delta Air Lines 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.


Delta Air Lines  (NYSE:DAL) 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.

Delta Air Lines's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 is

Net-Net Working Capital Per Share (Q: Dec. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11319+0.75 * 2404+0.5 * 1098-68837
-0-0)/640.014
=-86.19

2. Inventory can be measured by Days Sales of Inventory (DSI).

Delta Air Lines's Days Sales of Inventory for the three months ended in Dec. 2021 is

Days Sales of Inventory (DSI)
=Total Inventories (Q: Dec. 2021 )/Revenue (Q: Dec. 2021 )*Days in Period
=1055/9470*365 / 4
=10.17

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

Delta Air Lines's Days Inventory for the three months ended in Dec. 2021 is calculated as:

Days Inventory=Total Inventories (Q: Dec. 2021 )/Cost of Goods Sold (Q: Dec. 2021 )*Days in Period
=1055/8511*365 / 4
=11.31

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

Delta Air Lines's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2021 ) / Total Inventories (Q: Dec. 2021 )
=8511 / 1055
=8.07

5. 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.

Delta Air Lines's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Dec. 2021 ) / Revenue (Q: Dec. 2021 )
=1055 / 9470
=0.11

* 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.


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.


Delta Air Lines Total Inventories Related Terms

Thank you for viewing the detailed overview of Delta Air Lines's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Delta Air Lines Business Description

Delta Air Lines logo
Industry
Industrials » Transportation NAICS : 481111 SIC : 4512
Address
Post Office Box 20706, Atlanta, GA, USA, 30320-6001
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke system network, where it gathers and distributes passengers across the globe through key locations in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta's sale of frequent flier miles, particularly to American Express, is a major driver of the firm's profits.
Executives
Jacobson Paul A officer: EVP & CFO C/O DELTA AIR LINES, INC., DEPT. 981 P.O. BOX 20574 ATLANTA GA 30320
Carter Ashton B director C/O DELTA AIR LINES, INC. P.O. BOX 20574, DEPT. 981 ATLANTA GA 30320
Mattson George N director C/O DELTA AIR LINES, INC. P.O. BOX 20574, DEPT. 981 ATLANTA GA 30320
Jackson Jeanne P director 537 NEWPORT CENTER DRIVE #306 NEWPORT BEACH CA 92660
Waller Kathy N director THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Taylor David S director THE PROCTER & GAMBLE COMPANY ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Rial Sergio director CARGILL, INCORPORATED 15615 MCGINTY ROAD WEST WAYZATA MN 55391
Huerta Michael P director 1800 M STREET NW SUITE 800 WASHINGTON DC 20036
Dewalt David G director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: DEWALT DAVID G a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Blake Francis S director 2455 PACES FERRY RD ATLANTA GA 30339
Easter William H Iii director 370 17TH ST STE 2500 DENVER CO 80202
Samant Rahul D officer: EVP & Chief Info Officer C/O DELTA AIR LINES, INC. P.O. BOX 20574, DEPT. 981 ATLANTA GA 30320
Buffett Warren E 10 percent owner 3555 FARNAM ST STE 1440 OMAHA NE 68131
Berkshire Hathaway Inc 10 percent owner 3555 FARNAM STREET OMAHA NE 68131
Carroll William C officer: SVP, Finance & Controller C/O DELTA AIR LINES, INC. P.O. BOX 20574, DEPT. 981 ATLANTA GA 30320

Delta Air Lines Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)