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Icahn Enterprises LP's total inventories for the quarter that ended in Sep. 2024 was $883 Mil. Icahn Enterprises LP's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $927 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Icahn Enterprises LP's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-18.10.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Icahn Enterprises LP's Days Inventory for the three months ended in Sep. 2024 was 38.03.
Inventory Turnover measures how fast the company turns over its inventory within a year. Icahn Enterprises LP's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.40.
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. Icahn Enterprises LP's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.38.
The historical data trend for Icahn Enterprises LP'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.
Icahn Enterprises LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 1,795.00 | 1,580.00 | 1,478.00 | 1,531.00 | 1,047.00 |
Icahn Enterprises LP 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 | 1,085.00 | 1,047.00 | 1,039.00 | 970.00 | 883.00 |
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.
Icahn Enterprises LP (NAS:IEP) 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.
Icahn Enterprises LP'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) | ||
= | (4879 | + | 0.75 * 476 | + | 0.5 * 883 | - | 12616 |
- | 0 | - | 2182) | / | 504.003 | ||
= | -18.10 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Icahn Enterprises LP'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 |
= | 926.5 | / | 2223 | * | 365 / 4 | |
= | 38.03 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Icahn Enterprises LP'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 ) |
= | 2223 | / | 926.5 | |
= | 2.40 |
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.
Icahn Enterprises LP'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 ) |
= | 926.5 | / | 2413 | |
= | 0.38 |
* 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.
Thank you for viewing the detailed overview of Icahn Enterprises LP's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Brett Icahn | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
David Willetts | director, officer: President and CEO | 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160 |
Ted Papapostolou | director, officer: CFO & Chief Accounting Officer | 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160 |
A B Krongard | director | C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230 |
Aris Kekedjian | director, officer: President and CEO | 655 THIRD AVENUE, 8TH FLOOR, 10017 NY 10017 |
Nancy Martori Dunlap | director | C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Carl C Icahn | director, 10 percent owner, officer: Chairman of the Board of GP | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160 |
Stephen A Mongillo | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Denise Barton | director | 3149 STERLINGSHIRE DRIVE, LAS VEGAS NV 89146 |
Jack Gumpert Wasserman | director | 510 EAST 86TH STREET, NEW YORK NY 10028-7504 |
Michael Nevin | director | C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153 |
James Larry Nelson | director | 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109 |
Keith Cozza | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Sunghwan Cho | officer: Chief Financial Officer | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Peter Reck | officer: Principal Accounting Officer | C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153 |
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