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Invensys (FRA:SBPD) Total Inventories : €132 Mil (As of Sep. 2013)


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What is Invensys Total Inventories?

Invensys's total inventories for the quarter that ended in Sep. 2013 was €132 Mil. Invensys's average total inventories from the quarter that ended in Mar. 2013 to the quarter that ended in Sep. 2013 was €131 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Invensys's Net-Net Working Capital per share for the quarter that ended in Sep. 2013 was €-0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Invensys's Days Inventory for the six months ended in Sep. 2013 was 36.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Invensys's Inventory Turnover for the quarter that ended in Sep. 2013 was 5.01.

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. Invensys's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 0.13.


Invensys Total Inventories Historical Data

The historical data trend for Invensys'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.

Invensys Total Inventories Chart

Invensys Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 177.94 174.26 178.54 173.68 129.25

Invensys Semi-Annual Data
Mar03 Sep04 Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13
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 192.64 173.68 195.25 129.25 131.79

Invensys 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.


Invensys  (FRA:SBPD) 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.

Invensys's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2013 is

Net-Net Working Capital Per Share (Q: Sep. 2013 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(586.527+0.75 * 432.178+0.5 * 131.79-1111.315
-0-18.997)/655.318
=-0.23

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

Invensys's Days Inventory for the six months ended in Sep. 2013 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2013 )/Cost of Goods Sold (Q: Sep. 2013 )*Days in Period
=130.5195/654.203*365 / 2
=36.41

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

Invensys's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2013 ) / Average Total Inventories (Q: Sep. 2013 )
=654.203 / 130.5195
=5.01

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.

Invensys's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2013 ) / Revenue (Q: Sep. 2013 )
=130.5195 / 1023.454
=0.13

* 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.


Invensys Total Inventories Related Terms

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Invensys (FRA:SBPD) Business Description

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Invensys PLC is a technology company that works in partnership with industrial and commercial customers to design and supply advanced technologies that optimise operational performance and profitability. The Company is grouped into four new business segments - Software, Industrial Automation, Energy Controls and Appliance. The Company's divisions include; Invensys Operations Management which is a technology, software and consulting business that creates and applies technologies to enable the safe and efficient operation of industrial and commercial operations such as oil refineries, fossil fuel and nuclear power plants, petrochemical works and other manufacturing sites. Invensys Controls designs, engineers and manufactures products, components, systems and services used in appliances, heating, air conditioning/cooling and refrigeration products across a range of industries in residential and commercial markets. The Software segment consists of the software businesses previously within Invensys Operations Management and includes Wonderware, SimSciTM and Avantis brands. Industrial Automation segment consists of the systems businesses of our Foxboro distributed control systems (DCS) and Triconex safety systems with the addition of the Foxboro measurement and instrumentation products previously within the equipment business of Invensys Operations Management. Energy Controls segment consists of the Eurotherm and IMServ businesses previously included within the equipment business of Invensys Operations Management, together with the residential heating and commercial businesses that were formerly part of Invensys Controls. Appliance segment consists of the Appliance controls line of business previously within Invensys Controls, together with the appliance replacement parts business formerly within Wholesale, also part of the former Invensys Controls.

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