GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (FRA:NEF) » Definitions » Total Inventories

Neste OYJ (FRA:NEF) Total Inventories : €3,446 Mil (As of Sep. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Neste OYJ Total Inventories?

Neste OYJ's total inventories for the quarter that ended in Sep. 2024 was €3,446 Mil. Neste OYJ's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was €3,745 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Neste OYJ's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €-6.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neste OYJ's Days Inventory for the three months ended in Sep. 2024 was 64.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neste OYJ's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.42.

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. Neste OYJ's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.67.


Neste OYJ Total Inventories Historical Data

The historical data trend for Neste OYJ'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.

Neste OYJ Total Inventories Chart

Neste OYJ 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 1,678.00 1,829.00 2,618.00 3,648.00 3,366.00

Neste OYJ Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3,839.00 3,366.00 4,078.00 4,043.00 3,446.00

Neste OYJ 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.


Neste OYJ  (FRA:NEF) 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.

Neste OYJ's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

Net-Net Working Capital Per Share (Q: Sep. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(922+0.75 * 1672+0.5 * 3446-8507
-0-0)/768.216
=-6.00

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

Neste OYJ's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=3744.5/5308*365 / 4
=64.37

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

Neste OYJ's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=5308 / 3744.5
=1.42

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.

Neste OYJ's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=3744.5 / 5624
=0.67

* 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.


Neste OYJ Total Inventories Related Terms

Thank you for viewing the detailed overview of Neste OYJ's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Neste OYJ Business Description

Industry
Address
Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095
Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.

Neste OYJ Headlines

No Headlines