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Compass Minerals International (FRA:CM8) Total Inventories : €338 Mil (As of Mar. 2024)


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What is Compass Minerals International Total Inventories?

Compass Minerals International's total inventories for the quarter that ended in Mar. 2024 was €338 Mil. Compass Minerals International's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €349 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Compass Minerals International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-20.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compass Minerals International's Days Inventory for the three months ended in Mar. 2024 was 118.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Compass Minerals International's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.77.

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. Compass Minerals International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.04.


Compass Minerals International Total Inventories Historical Data

The historical data trend for Compass Minerals International'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.

Compass Minerals International Total Inventories Chart

Compass Minerals International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Sep21 Sep22 Sep23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 205.83 245.53 - 307.44 367.49

Compass Minerals International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 244.43 313.91 367.49 359.92 338.28

Compass Minerals International 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.


Compass Minerals International  (FRA:CM8) 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.

Compass Minerals International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(36.8+0.75 * 131.56+0.5 * 338.284-1163.248
-0-0)/41.306
=-20.79

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

Compass Minerals International's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=349.103/267.812*365 / 4
=118.95

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

Compass Minerals International's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=267.812 / 349.103
=0.77

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.

Compass Minerals International's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=349.103 / 334.88
=1.04

* 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.


Compass Minerals International Total Inventories Related Terms

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Compass Minerals International (FRA:CM8) Business Description

Traded in Other Exchanges
Address
9900 West 109th Street, Suite 100, Overland Park, KS, USA, 66210
Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah that produces sulfate of potash and magnesium chloride. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm's sulfate of potash is used by growers of high-value crops that are sensitive to standard potash. Compass also sells fire retardants, with its magnesium chloride-based products used to combat forest fires.

Compass Minerals International (FRA:CM8) Headlines

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