Inghams Group (ASX:ING) Total Inventories : A$238 Mil (As of Jun. 2024)

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What is Inghams Group Total Inventories?

Inghams Group's total inventories for the quarter that ended in Jun. 2024 was A$238 Mil. Inghams Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was A$244 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Inghams Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$-4.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inghams Group's Days Inventory for the six months ended in Jun. 2024 was 33.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Inghams Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 5.44.

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. Inghams Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.15.

Inghams Group Total Inventories Historical Data

The historical data trend for Inghams Group'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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Inghams Group Total Inventories Chart

Inghams Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Inventories

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337.70

196.10

238.70

220.70

237.50

Inghams Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial											238.70	238.80	220.70	250.10	237.50

Inghams Group 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.

Inghams Group (ASX:ING) 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.

Inghams Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(110.7	+	0.75 * 221	+	0.5 * 237.5	-	2180.4
-	0	-	0)	/	371.68
=	-4.80

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

Inghams Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	243.8	/	1326.6	*	365 / 2
	=	33.54

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

Inghams Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	1326.6	/	243.8
	=	5.44

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.

Inghams Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	243.8	/	1619.8
	=	0.15

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.

Inghams Group Total Inventories Related Terms

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Inghams Group Business Description

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IH1:Germany

Address

1 Julius Avenue, Level 4, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.inghams.com.au

Inghams is the largest vertically integrated poultry producer in Australia and New Zealand. The firm enjoys a number-one position in Australia with approximately 40% market share and a number-two position in New Zealand with around 35% share. Inghams supplies poultry products, notably to major Australian supermarkets Woolworths and Coles, and quick-service restaurants McDonalds and KFC. Sales are heavily skewed toward poultry, which includes the production and sale of chicken and turkey products.