CNH Industrial NV (WBO:CNHI) Total Inventories : €5,085 Mil (As of Dec. 2023)

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What is CNH Industrial NV Total Inventories?

CNH Industrial NV's total inventories for the quarter that ended in Dec. 2023 was €5,085 Mil. CNH Industrial NV's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was €5,563 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CNH Industrial NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-9.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CNH Industrial NV's Days Inventory for the three months ended in Dec. 2023 was 117.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. CNH Industrial NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.78.

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. CNH Industrial NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.89.

CNH Industrial NV Total Inventories Historical Data

The historical data trend for CNH Industrial NV'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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CNH Industrial NV Total Inventories Chart

CNH Industrial NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6,373.80

4,950.08

3,731.16

4,541.58

5,084.77

CNH Industrial NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															4,541.58	5,588.12	5,917.35	6,040.84	5,084.77

CNH Industrial NV 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.

CNH Industrial NV (WBO:CNHI) 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.

CNH Industrial NV's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3963.274	+	0.75 * 22358.294	+	0.5 * 5084.765	-	34953.289
-	0	-	110.04)	/	1290.94
=	-9.13

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

CNH Industrial NV's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	5562.802	/	4314.485	*	365 / 4
	=	117.65

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

CNH Industrial NV's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	4314.485	/	5562.802
	=	0.78

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.

CNH Industrial NV's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	5562.802	/	6228.264
	=	0.89

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.

CNH Industrial NV Total Inventories Related Terms

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CNH Industrial NV (WBO:CNHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (WBO:CNHI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CNHI:USA 1CNHI:Italy 1CNHIm:UK 0QGU:UK 37C:Germany

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.