GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Graincorp Ltd (ASX:GNC) » Definitions » Total Inventories

Graincorp (ASX:GNC) Total Inventories : A$828 Mil (As of Sep. 2023)


View and export this data going back to 1998. Start your Free Trial

What is Graincorp Total Inventories?

Graincorp's total inventories for the quarter that ended in Sep. 2023 was A$828 Mil. Graincorp's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was A$1,283 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Graincorp's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was A$-1.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Graincorp's Days Inventory for the six months ended in Sep. 2023 was 74.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Graincorp's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.46.

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. Graincorp's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.35.


Graincorp Total Inventories Historical Data

The historical data trend for Graincorp'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.

Graincorp Total Inventories Chart

Graincorp Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 738.40 277.40 665.60 857.50 827.90

Graincorp Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Total Inventories Get a 7-Day Free Trial 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 665.60 2,226.50 857.50 1,738.00 827.90

Graincorp 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.


Graincorp  (ASX:GNC) 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.

Graincorp's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

Net-Net Working Capital Per Share (Q: Sep. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(734.8+0.75 * 463.7+0.5 * 827.9-1827
-0-0)/224.337
=-1.47

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

Graincorp's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=1282.95/3158.5*365 / 2
=74.13

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

Graincorp's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2023 ) / Average Total Inventories (Q: Sep. 2023 )
=3158.5 / 1282.95
=2.46

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.

Graincorp's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=1282.95 / 3674.3
=0.35

* 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.


Graincorp Total Inventories Related Terms

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


Graincorp (ASX:GNC) Business Description

Traded in Other Exchanges
Address
175 Liverpool Street, Level 28, Sydney, NSW, AUS, 2000
GrainCorp is an agribusiness with an integrated business model operating across three divisions. The company operates the largest grain storage and logistics network in eastern Australia. GrainCorp provides grain marketing services to all major grain-producing regions in Australia, as well as to Canadian and U.K. growers. The company has also diversified into edible oil refining and supply, and bulk liquid storage.

Graincorp (ASX:GNC) Headlines

No Headlines