Omnova Solutions (Omnova Solutions) Total Inventories : $82.0 Mil (As of Feb. 2020)

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What is Omnova Solutions Total Inventories?

Omnova Solutions's total inventories for the quarter that ended in Feb. 2020 was $82.0 Mil. Omnova Solutions's average total inventories from the quarter that ended in Nov. 2019 to the quarter that ended in Feb. 2020 was $81.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Omnova Solutions's Net-Net Working Capital per share for the quarter that ended in Feb. 2020 was $-8.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Omnova Solutions's Days Inventory for the three months ended in Feb. 2020 was 61.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Omnova Solutions's Inventory Turnover for the quarter that ended in Feb. 2020 was 1.47.

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. Omnova Solutions's Inventory-to-Revenue for the quarter that ended in Feb. 2020 was 0.53.

Omnova Solutions Total Inventories Historical Data

The historical data trend for Omnova Solutions'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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Omnova Solutions Total Inventories Chart

Omnova Solutions Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Total Inventories

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81.90

74.00

76.50

78.80

81.50

Omnova Solutions Quarterly Data
	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20
Total Inventories	Get a 7-Day Free Trial															89.70	82.90	78.60	81.50	82.00

Omnova Solutions 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.

Omnova Solutions (NYSE:OMN) 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.

Omnova Solutions's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2020 is

	Net-Net Working Capital Per Share (Q: Feb. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(40.9	+	0.75 * 91.2	+	0.5 * 82	-	537.2
-	0	-	0)	/	44.9238
=	-8.61

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

Omnova Solutions's Days Inventory for the three months ended in Feb. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2020 )	/	Cost of Goods Sold (Q: Feb. 2020 )	*	Days in Period
	=	81.75	/	120.4	*	365 / 4
	=	61.96

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

Omnova Solutions's Inventory Turnover for the quarter that ended in Feb. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2020 )	/	Average Total Inventories (Q: Feb. 2020 )
	=	120.4	/	81.75
	=	1.47

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.

Omnova Solutions's Inventory to Revenue for the quarter that ended in Feb. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2020 )	/	Revenue (Q: Feb. 2020 )
	=	81.75	/	155.6
	=	0.53

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.

Omnova Solutions Total Inventories Related Terms

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Omnova Solutions (Omnova Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Omnova Solutions Inc (NYSE:OMN) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

25435 Harvard Road, Beachwood, OH, USA, 44122-6201

Website

https://www.omnova.com

Omnova Solutions Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into two segments based on the product type. Its performance materials segment, which sells latex, lubricants, plastics, and powders used in the production of paper and packaging materials, carpets, tires, cords, synthetic latex gloves, and rubber products. The specialty chemical segment sells vinyl acrylics, styrene, plastic pigments, and polyethylene resins used in the production of textiles, oil and gas, coatings, construction materials, and personal care products. It generates a majority of revenue from the Specialty Solutions segment. Geographically, the company's majority of revenue comes from the United States.

Executives

Anne P Noonan	officer: President & CEO	25435 HARVARD RD, BEACHWOOD OH 44122
Allan R Rothwell	director	C/O COMPASS MINERALS, 9900 WEST 109TH STREET, SUITE 600, OVERLAND PARK KS 66210
James A Mitarotonda	director	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Joseph M Gingo	director	3550 WEST MARKET STREET, AKRON OH 44333
Michael J Merriman	director	C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523
David J Dantoni	director	C/O COMPASS MINERALS, 9900 WEST 109TH STREET, SUITE 600, OVERLAND PARK KS 66210
Janet Plaut Giesselman	director	25435 HARVARD RD., BEACHWOOD OH 44122
Larry B Porcellato	director	ICI PAINTS, 15885 SPRAGUE ROAD, CLEVELAND OH 44136
Paul F Desantis	officer: SVP, CFO; Treasurer	25435 HARVARD RD, BEACHWOOD OH 44122-6201
Donald B. Mcmillan	officer: Chief Accounting Officer	25435 HARVARD RD, BEACHWOOD OH 44122
Robert A Stefanko	director	3550 W MARKET ST, AKRON OH 44333
Edward P Campbell	director	C/O KEYCORP, 127 PUBLIC SQUARE, CLEVELAND OH 44114
David A. Daberko	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Gregory T Troy	officer: Senior VP Human Resources	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002