WGL Holdings (WGL Holdings) Total Inventories : $95 Mil (As of Mar. 2018)

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What is WGL Holdings Total Inventories?

WGL Holdings's total inventories for the quarter that ended in Mar. 2018 was $95 Mil. WGL Holdings's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Mar. 2018 was $161 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. WGL Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2018 was $-90.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WGL Holdings's Days Inventory for the three months ended in Mar. 2018 was 24.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. WGL Holdings's Inventory Turnover for the quarter that ended in Mar. 2018 was 3.70.

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. WGL Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2018 was 0.18.

WGL Holdings Total Inventories Historical Data

The historical data trend for WGL Holdings'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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WGL Holdings Total Inventories Chart

WGL Holdings Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Total Inventories

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372.20

357.25

232.85

225.55

264.16

WGL Holdings 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															156.53	228.27	264.16	227.43	94.79

WGL Holdings 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.

WGL Holdings (NYSE:WGL) 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.

WGL Holdings'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)
=	(46.319	+	0.75 * 524.626	+	0.5 * 94.791	-	5090.013
-	28.173	-	6.868)	/	51.3592
=	-90.30

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

WGL Holdings'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
	=	161.1125	/	596.517	*	365 / 4
	=	24.65

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

WGL Holdings'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 )
	=	596.517	/	161.1125
	=	3.70

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.

WGL Holdings'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 )
	=	161.1125	/	886.451
	=	0.18

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.

WGL Holdings Total Inventories Related Terms

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WGL Holdings (WGL Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » WGL Holdings Inc (NYSE:WGL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.wglholdings.com

WGL Holdings' primary operating segment, Washington Gas Light, is a regulated gas distribution utility. This segment serves about 1.1 million customers in Maryland, Virginia, and the Washington, D.C., metro area. The nonregulated energy marketing segment buys and resells natural gas and electricity in competitive markets, in addition to designing, building, and operating energy systems including solar installations. WGL is signed on to some sizable midstream pipeline projects and angles to expand this business around its utility footprint.

Executives

Karen Hardwick	officer: Senior Vice President and GC	1000 MAINE AVENUE, SW, WASHINGTON DC 20024
Dorothy Ramsey	officer: Vice President	1000 MAINE AVENUE, SW, WASHINGTON DC 20024
Linda R Gooden	director	LOCKHEED MARTIN CORPORATION, 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Leslie T Thornton	officer: Senior VP, GC and Corp. Sec.	3921 COURTLAND CIRCLE, ALEXANDRIA VA 22305
David M Harris	director	101 CONSTITUTION AVENUE, NW, WASHINGTON DC 20080
Debra L Lee	director	C/O BLACK ENTERTAINMENT, 1 BET PLZ. 1900W PLACE N.W., WASHINGTON DC 20018
Terry D Mccallister	director, officer: Chairman and CEO	1100 H ST NW, WASHINGTON DC 20080
James F Lafond	director	4401 GULF SHORE BLVD NORTH, UNIT 103, NAPLES FL 34103
Clancy George Patrick Jr	director	1100 H ST NW, WASHINGTON DC 20080
Stephen C Beasley	director	THE WILLIAMS COMPANIES, ONCE WILLIAMS CENTER, SUITE 4700, TULSA OK 77002
Diane J Hoskins	director	101 CONSTITUTION AVENUE, NW, WASHINGTON DC 20080
Karen Hastie Williams	director	GANNETT CO INC, 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Degraffenreidt James H Jr	other: Former Chairman and CEO	1100 H ST NW, WASHINGTON DC 20080
Philip A Odeen	director	N/A, N/A OH 45202