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Ermes Department Stores (CYS:ERME) Total Inventories : €33.8 Mil (As of Jun. 2024)


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What is Ermes Department Stores Total Inventories?

Ermes Department Stores's total inventories for the quarter that ended in Jun. 2024 was €33.8 Mil. Ermes Department Stores's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was €32.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ermes Department Stores's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ermes Department Stores's Days Inventory for the six months ended in Jun. 2024 was 179.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ermes Department Stores's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.02.

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. Ermes Department Stores's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.58.


Ermes Department Stores Total Inventories Historical Data

The historical data trend for Ermes Department Stores'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.

Ermes Department Stores Total Inventories Chart

Ermes Department Stores Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.03 24.42 28.65 29.30 31.48

Ermes Department Stores Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 31.60 29.30 - 31.48 33.83

Ermes Department Stores 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.


Ermes Department Stores  (CYS:ERME) 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.

Ermes Department Stores'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)
=(0.741+0.75 * 0.594+0.5 * 33.829-179.526
-0-8.945)/173.999
=-0.98

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

Ermes Department Stores'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
=32.6545/33.213*365 / 2
=179.43

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

Ermes Department Stores'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 )
=33.213 / 32.6545
=1.02

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.

Ermes Department Stores'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 )
=32.6545 / 56.749
=0.58

* 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.


Ermes Department Stores Total Inventories Related Terms

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Ermes Department Stores Business Description

Traded in Other Exchanges
N/A
Address
154, Yiannis Kranidiotis Avenue, P.O. BOX 22273, 2235 Latsia, Nicosia, CYP, 1584
Ermes Department Stores PLC is a department store company. It is engaged in the retail and wholesale trade in Cyprus and Greece, through department stores and specialised stores. The operating segments consist of Department Stores, Specialised Stores, and Other Retail Shops. The company's product offerings include fragrances and beauty products; homeware and domestic appliances, kitchen products, seasonal products, laundry and cleaning products, and heating products.

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