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Directv (FRA:DIG1) Total Inventories : €309 Mil (As of Mar. 2015)


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What is Directv Total Inventories?

Directv's total inventories for the quarter that ended in Mar. 2015 was €309 Mil. Directv's average total inventories from the quarter that ended in Dec. 2014 to the quarter that ended in Mar. 2015 was €276 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Directv's Net-Net Working Capital per share for the quarter that ended in Mar. 2015 was €-41.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Directv's Days Inventory for the three months ended in Mar. 2015 was 6.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Directv's Inventory Turnover for the quarter that ended in Mar. 2015 was 14.33.

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. Directv's Inventory-to-Revenue for the quarter that ended in Mar. 2015 was 0.04.


Directv Total Inventories Historical Data

The historical data trend for Directv'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.

Directv Total Inventories Chart

Directv Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 186.73 212.80 313.94 206.59 242.49

Directv Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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 230.64 229.63 208.74 242.49 308.62

Directv 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.


Directv  (FRA:DIG1) 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.

Directv's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2015 is

Net-Net Working Capital Per Share (Q: Mar. 2015 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3958.416+0.75 * 2434.74+0.5 * 308.616-26408.844
-0-339.108)/503.981
=-41.29

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

Directv's Days Inventory for the three months ended in Mar. 2015 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2015 )/Cost of Goods Sold (Q: Mar. 2015 )*Days in Period
=275.5525/3949.176*365 / 4
=6.37

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

Directv's Inventory Turnover for the quarter that ended in Mar. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2015 ) / Average Total Inventories (Q: Mar. 2015 )
=3949.176 / 275.5525
=14.33

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.

Directv's Inventory to Revenue for the quarter that ended in Mar. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2015 ) / Revenue (Q: Mar. 2015 )
=275.5525 / 7524.132
=0.04

* 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.


Directv Total Inventories Related Terms

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Directv (FRA:DIG1) Business Description

Traded in Other Exchanges
N/A
Address
Directv was incorporated in Delaware in 2009. The Company is a provider of digital television entertainment in the United States and Latin America. It operates two direct-to-home, or DTH, business units: DIRECTV U.S. and DIRECTV Latin America, which are differentiated by their geographic location and are engaged in acquiring, promoting, selling and distributing digital entertainment programming via satellite to residential and commercial subscribers. In addition, the Company owns and operate two regional sports networks, or RSNs, hold a minority ownership interest in ROOT SPORTS Northwest and own a 42% interest in Game Show Network, LLC, or GSN, a television network dedicated to game-related programming and Internet interactive game playing. The Company face substantial competition in the MVPD industry and from emerging digital media distribution providers. Its competition includes companies that offer video, audio, interactive programming, telephony, data and other entertainment services, such as cable television, other DTH companies, telcos, wireless companies and companies that are developing new technologies, including online video distributors. The Company provides services in PanAmericana and Brazil from leased transponders on two geosynchronous satellites. Sky Mexico provides its services from leased transponders on a separate satellite. In addition, it leases a backup satellite that serves Sky Brasil and Sky Mexico. The Company is subject to government regulation in the United States, by the FCC and by other federal, state and local authorities. The Company is subject to similar regulatory agencies in Latin America. It is also subject to the rules and procedures of the International Telecommunication Union, or ITU, a agency of the United Nations, which coordinates telecommunications networks and services.

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