Time Warner (Time Warner) Total Inventories : $2,071 Mil (As of Mar. 2018)

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What is Time Warner Total Inventories?

Time Warner's total inventories for the quarter that ended in Mar. 2018 was $2,071 Mil. Time Warner's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Mar. 2018 was $2,236 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Time Warner's Net-Net Working Capital per share for the quarter that ended in Mar. 2018 was $-36.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Time Warner's Days Inventory for the three months ended in Mar. 2018 was 43.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Time Warner's Inventory Turnover for the quarter that ended in Mar. 2018 was 2.11.

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. Time Warner's Inventory-to-Revenue for the quarter that ended in Mar. 2018 was 0.28.

Time Warner Total Inventories Historical Data

The historical data trend for Time Warner'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.

Time Warner Total Inventories Chart

Time Warner Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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1,648.00

1,700.00

1,753.00

2,062.00

2,401.00

Time Warner Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Total Inventories	Get a 7-Day Free Trial															1,983.00	2,042.00	2,198.00	2,401.00	2,071.00

Time Warner 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.

Time Warner (NYSE:TWX) 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.

Time Warner's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2018 is

	Net-Net Working Capital Per Share (Q: Mar. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1691	+	0.75 * 10279	+	0.5 * 2071	-	39191
-	0	-	1)	/	782
=	-36.77

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

Time Warner's Days Inventory for the three months ended in Mar. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2018 )	/	Cost of Goods Sold (Q: Mar. 2018 )	*	Days in Period
	=	2236	/	4717	*	365 / 4
	=	43.26

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

Time Warner's Inventory Turnover for the quarter that ended in Mar. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2018 )	/	Average Total Inventories (Q: Mar. 2018 )
	=	4717	/	2236
	=	2.11

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.

Time Warner's Inventory to Revenue for the quarter that ended in Mar. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2018 )	/	Revenue (Q: Mar. 2018 )
	=	2236	/	7996
	=	0.28

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.

Time Warner Total Inventories Related Terms

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Time Warner (Time Warner) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Time Warner Inc (NYSE:TWX) » Definitions » Total Inventories

Comparable Companies

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Address

Website

http://www.timewarner.com

Time Warner is a pure-play entertainment company that owns several television networks, including HBO, CNN, TNT, and the CW. The filmed entertainment segment creates and distributes movies and television programming for internal and external distribution outlets. Warner Bros. and New Line Cinema combine to form the largest filmmaker in the world. The company owns a deep and valuable content library that includes popular movie franchises such as DC Comics and Harry Potter and television programs such as Friends and The Big Bang Theory.

Executives

Fred Hassan	director	C/O CARET GROUP,, 1100 HOLLAND DR., BOCA RATON FL 33487
Douglas Edward Horne	officer: SVP and Controller	ONE TIME WARNER CENTER, NEW YORK NY 10019
Gary L Ginsberg	officer: Executive Vice President	TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Olaf Olafsson	officer: Executive Vice President	C/O TIME WARNER INC. ONE TIME WARNER CENTER NEW YORK NY 10019
Paul Wachter	director	C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Robert C Clark	director	C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
William P Barr	director	C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Howard M Averill	officer: EVP and CFO	CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Paul T Cappuccio	officer: EVP and General Counsel	TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Carlos M Gutierrez	director	5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Carol A Melton	officer: Executive Vice President	4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Jessica P Einhorn	director	C/O BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Mathias Dopfner	director	C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Deborah C Wright	director	CARVER BANCORP, INC, 75 W. 125TH STREET, NEW YORK NY 10027
James L Barksdale	director	C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019