The Home Depot (FRA:HDI) Total Inventories : €20,892 Mil (As of Apr. 2024)

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What is The Home Depot Total Inventories?

The Home Depot's total inventories for the quarter that ended in Apr. 2024 was €20,892 Mil. The Home Depot's average total inventories from the quarter that ended in Jan. 2024 to the quarter that ended in Apr. 2024 was €20,074 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Home Depot's Net-Net Working Capital per share for the quarter that ended in Apr. 2024 was €-55.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Home Depot's Days Inventory for the three months ended in Apr. 2024 was 81.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Home Depot's Inventory Turnover for the quarter that ended in Apr. 2024 was 1.11.

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. The Home Depot's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 0.59.

The Home Depot Total Inventories Historical Data

The historical data trend for The Home Depot'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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The Home Depot Total Inventories Chart

The Home Depot Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Inventories

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13,092.43

13,650.77

19,508.11

23,094.21

19,255.97

The Home Depot Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Total Inventories	Get a 7-Day Free Trial															23,138.35	21,031.56	21,596.34	19,255.97	20,891.71

The Home Depot 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.

The Home Depot (FRA:HDI) 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.

The Home Depot's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2024 is

	Net-Net Working Capital Per Share (Q: Apr. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3974.048	+	0.75 * 3825.86	+	0.5 * 20891.712	-	72146.12
-	0	-	0)	/	992
=	-55.30

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

The Home Depot's Days Inventory for the three months ended in Apr. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2024 )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
	=	20073.84	/	22354.02	*	365 / 4
	=	81.94

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

The Home Depot's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2024 )	/	Average Total Inventories (Q: Apr. 2024 )
	=	22354.02	/	20073.84
	=	1.11

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.

The Home Depot's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2024 )	/	Revenue (Q: Apr. 2024 )
	=	20073.84	/	33941.576
	=	0.59

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.

The Home Depot Total Inventories Related Terms

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The Home Depot (FRA:HDI) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Home Depot Inc (FRA:HDI) » Definitions » Total Inventories

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HD:USA HD:Peru HD:Mexico 1HD:Italy 0R1G:UK HDI:Germany HDI:Germany HDI:Germany HD:Canada HOME34:Brazil HD:Argentina

Address

2455 Paces Ferry Road, Atlanta, GA, USA, 30339

Website

https://www.homedepot.com

Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.

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