ICHGF (InterContinental Hotels Group) Total Inventories : $4 Mil (As of Jun. 2024)

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What is InterContinental Hotels Group Total Inventories?

InterContinental Hotels Group's total inventories for the quarter that ended in Jun. 2024 was $4 Mil. InterContinental Hotels Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was $5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. InterContinental Hotels Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-32.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. InterContinental Hotels Group's Days Inventory for the six months ended in Jun. 2024 was 0.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. InterContinental Hotels Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 391.56.

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. InterContinental Hotels Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

InterContinental Hotels Group Total Inventories Historical Data

The historical data trend for InterContinental Hotels Group'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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InterContinental Hotels Group Total Inventories Chart

InterContinental Hotels Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6.00

5.00

4.00

5.00

InterContinental Hotels Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															4.00	4.00	4.00	5.00	4.00

InterContinental Hotels Group 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.

InterContinental Hotels Group (OTCPK:ICHGF) 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.

InterContinental Hotels Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(858	+	0.75 * 881	+	0.5 * 4	-	6777
-	0	-	3)	/	160.774
=	-32.71

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

InterContinental Hotels Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	4.5	/	1762	*	365 / 2
	=	0.47

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

InterContinental Hotels Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	1762	/	4.5
	=	391.56

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.

InterContinental Hotels Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	4.5	/	2322
	=	0.00

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.

InterContinental Hotels Group Total Inventories Related Terms

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InterContinental Hotels Group Business Description

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Comparable Companies

Traded in Other Exchanges

IHG:USA IHG:Mexico IHGl:UK IHG:UK IC1B:Germany IC1H:Germany

Address

1 Windsor Dials, Arthur Road, Windsor, Berkshire, GBR, SL4 1RS

Website

https://www.ihgplc.com

InterContinental Hotels Group operates 946,000 rooms across 19 brands addressing the midscale through luxury segments, as of Dec. 31, 2023. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in 2017 and closed on a 51% stake in Regent Hotels in 2018. It acquired Six Senses in 2019 and launched another midscale brand, Garner, in 2023. Managed and franchised represent 99% of total rooms. As of Dec. 31, 2023, the Americas represented 55% of total rooms, with Greater China accounting for 19% and Europe, Asia, the Middle East, and Africa making up 26%.