IPD Group (ASX:IPG) Total Inventories : A$49.9 Mil (As of Dec. 2023)

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What is IPD Group Total Inventories?

IPD Group's total inventories for the quarter that ended in Dec. 2023 was A$49.9 Mil. IPD Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$46.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IPD Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IPD Group's Days Inventory for the six months ended in Dec. 2023 was 116.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. IPD Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.57.

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. IPD Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

IPD Group Total Inventories Historical Data

The historical data trend for IPD 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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IPD Group Total Inventories Chart

IPD Group Annual Data

Trend

Jun21

Jun22

Jun23

Total Inventories

32.91

42.33

IPD Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	31.29	32.91	42.43	42.33	49.94

IPD 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.

IPD Group (ASX:IPG) 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.

IPD Group'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)
=	(70.493	+	0.75 * 44.127	+	0.5 * 49.943	-	62.498
-	0	-	0)	/	103.38
=	0.64

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

IPD Group's Days Inventory for the six 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
	=	46.135	/	72.474	*	365 / 2
	=	116.17

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

IPD Group'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 )
	=	72.474	/	46.135
	=	1.57

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.

IPD Group'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 )
	=	46.135	/	120.736
	=	0.38

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.

IPD Group Total Inventories Related Terms

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IPD Group (ASX:IPG) Business Description

Industry

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Traded in Other Exchanges

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Address

43-47 Newton Road, Wetherill Park, Sydney, NSW, AUS, 2164

Website

https://www.ipdgroup.com.au

IPD Group Ltd serves the electrical industry. The company's core focus is power distribution, power monitoring, industrial control, renewables, test and measurement, and services, across a range of verticals such as power generation, commercial, hospitality, infrastructure, and sports and leisure facilities. Its segment includes Products division and Services division. The company generates maximum revenue from the Products division segment. The company's product division consists of five different types of product categories namely, Power distribution, Industrial and motor control, Automation and industrial communication, Power monitoring, Electric vehicle solutions.