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Mead Johnson Nutrition Co (FRA:0MJA) Total Inventories : €466 Mil (As of Mar. 2017)


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What is Mead Johnson Nutrition Co Total Inventories?

Mead Johnson Nutrition Co's total inventories for the quarter that ended in Mar. 2017 was €466 Mil. Mead Johnson Nutrition Co's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Mar. 2017 was €457 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mead Johnson Nutrition Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was €-13.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mead Johnson Nutrition Co's Days Inventory for the three months ended in Mar. 2017 was 135.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mead Johnson Nutrition Co's Inventory Turnover for the quarter that ended in Mar. 2017 was 0.67.

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. Mead Johnson Nutrition Co's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.55.


Mead Johnson Nutrition Co Total Inventories Historical Data

The historical data trend for Mead Johnson Nutrition Co'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.

Mead Johnson Nutrition Co Total Inventories Chart

Mead Johnson Nutrition Co Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 332.16 390.40 450.51 445.14 448.88

Mead Johnson Nutrition Co Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 437.24 414.56 424.12 448.88 466.10

Mead Johnson Nutrition Co 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.


Mead Johnson Nutrition Co  (FRA:0MJA) 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.

Mead Johnson Nutrition Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 is

Net-Net Working Capital Per Share (Q: Mar. 2017 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1612.314+0.75 * 0+0.5 * 466.097-4319.606
-0-35.81)/188.6
=-13.31

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

Mead Johnson Nutrition Co's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2017 )/Cost of Goods Sold (Q: Mar. 2017 )*Days in Period
=457.4875/308.737*365 / 4
=135.21

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

Mead Johnson Nutrition Co's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2017 ) / Average Total Inventories (Q: Mar. 2017 )
=308.737 / 457.4875
=0.67

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.

Mead Johnson Nutrition Co's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2017 ) / Revenue (Q: Mar. 2017 )
=457.4875 / 826.072
=0.55

* 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.


Mead Johnson Nutrition Co Total Inventories Related Terms

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Mead Johnson Nutrition Co (FRA:0MJA) Business Description

Traded in Other Exchanges
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Address
Mead Johnson Nutrition makes, distributes, and markets pediatric nutrition products worldwide under a variety of brands, including Enfamil, its largest label, along with Sustagen, Enfagrow, and Nutramigen. Infant formula represented 59% of 2015 sales and children's nutrition 39%, with expectant and nursing mother nutrition and pediatric vitamins comprising the remainder. The company sells its products globally; 73% of sales were generated outside the United States in 2015. At about 30% of revenue, China is the company's largest market.

Mead Johnson Nutrition Co (FRA:0MJA) Headlines

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