Snam SpA (HAM:SNM) Total Inventories: €176 Mil (As of Sep. 2014)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:SNM Snam SpA HAM:SNM
66 GF Score
Price €5.51
GF Value €5.05
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Snam SpA Total Inventories?

Snam SpA HAM:SNM +1.10% 66 Total Inventories is €176 Mil as of Sep. 2014. GuruFocus rates HAM:SNM with a GF Score™ of 66/100 and a GF Value™ of €5.05 (Fairly Valued). The stock has 5 warning signs investors should review.

Snam SpA's total inventories for the quarter that ended in Sep. 2014 was €176 Mil. Snam SpA's average total inventories from the quarter that ended in Mar. 2014 to the quarter that ended in Sep. 2014 was €174 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Snam SpA's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was €-5.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Snam SpA's Days Inventory for the six months ended in Sep. 2014 was 69.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Snam SpA's Inventory Turnover for the quarter that ended in Sep. 2014 was 2.61.

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. Snam SpA's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.19.


Snam SpA  (HAM:SNM) 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.

Snam SpA's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 is

Net-Net Working Capital Per Share (Q: Sep. 2014 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(34+0.75 * +0.5 * 176-17728
-0-1)/3380.5
=-5.21

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

Snam SpA's Days Inventory for the six months ended in Sep. 2014 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2014 )/Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=173.5/453*365 / 2
=69.90

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

Snam SpA's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2014 ) / Average Total Inventories (Q: Sep. 2014 )
=453 / 173.5
=2.61

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.

Snam SpA's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2014 ) / Revenue (Q: Sep. 2014 )
=173.5 / 918
=0.19

* 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.


Snam SpA Total Inventories Related Terms


Snam SpA Total Inventories Historical Data

* Premium members only.

The historical data trend for Snam SpA'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.

Snam SpA Total Inventories Chart

Snam SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 145.00 3,252.00 2,849.00 2,223.00 2,125.00

Snam SpA Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
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 233.00 186.00 163.00 171.00 176.00
HAM:SNM
66GF Score
Snam SpA HAM:SNM
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Snam SpA 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of €176 Mil mean?
Snam SpA (HAM:SNM) has a Total Inventories of €176 Mil as of Sep. 2014. The total amount of inventory as recorded on a company's balance sheet. View historical data for Snam SpA and its competitors.
Is Snam SpA's Total Inventories too high?
Snam SpA's current Total Inventories is €176 Mil. Overall, Snam SpA has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's Total Inventories compare to ATO and NI?
Snam SpA's Total Inventories of €176 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for an Utilities - Regulated company?
A good Total Inventories depends on the Utilities - Regulated industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Snam SpA and its competitors. Snam SpA's current Total Inventories is €176 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Based on GuruFocus' analysis, Snam SpA (HAM:SNM) is currently considered Fairly Valued. The stock's GF Value™ is €5.05, compared to a current price of €5.51 — trading 9.1% above its estimated fair value. The current Total Inventories is €176 Mil. Snam SpA's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Snam SpA (HAM:SNM), the current Total Inventories is €176 Mil as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Snam SpA (HAM:SNM) Overvalued in 2026?

Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued. The current stock price of €5.51 is trading 9.1% above its estimated GF Value™ of €5.05. GuruFocus considers Snam SpA to be Fairly Valued.

Key valuation signals for HAM:SNM:

  • Total Inventories: €176 Mil
  • GF Value™: €5.05 vs. price of €5.51 (9.1% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the HAM:SNM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Snam SpA Business Description

Address Via Vezza d\'Oglio 6, Symbiosis, Porta Romana district, Milan, ITA, 20139
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
66GF Score

Get the complete analysis for HAM:SNM

Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.51
Price
€5.05
GF Value