IFF (International Flavors & Fragrances) Total Inventories : $2,335 Mil (As of Sep. 2024)

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What is International Flavors & Fragrances Total Inventories?

International Flavors & Fragrances's total inventories for the quarter that ended in Sep. 2024 was $2,335 Mil. International Flavors & Fragrances's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $2,316 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. International Flavors & Fragrances's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-47.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Flavors & Fragrances's Days Inventory for the three months ended in Sep. 2024 was 112.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. International Flavors & Fragrances's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.81.

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. International Flavors & Fragrances's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.79.

International Flavors & Fragrances Total Inventories Historical Data

The historical data trend for International Flavors & Fragrances'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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International Flavors & Fragrances Total Inventories Chart

International Flavors & Fragrances Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,123.07

1,132.00

2,516.00

3,299.00

2,638.00

International Flavors & Fragrances 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															2,706.00	2,638.00	2,572.00	2,296.00	2,335.00

International Flavors & Fragrances 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.

International Flavors & Fragrances (NYSE:IFF) 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.

International Flavors & Fragrances'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)
=	(567	+	0.75 * 1772	+	0.5 * 2335	-	15118
-	0	-	35)	/	255.657
=	-47.29

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

International Flavors & Fragrances'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
	=	2315.5	/	1873	*	365 / 4
	=	112.81

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

International Flavors & Fragrances'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 )
	=	1873	/	2315.5
	=	0.81

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.

International Flavors & Fragrances'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 )
	=	2315.5	/	2925
	=	0.79

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.

International Flavors & Fragrances Total Inventories Related Terms

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International Flavors & Fragrances Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » International Flavors & Fragrances Inc (NYSE:IFF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

IFF:Germany IFF:Germany I1CE34:Brazil IFF:Austria IFF:Argentina

Address

521 West 57th Street, New York, NY, USA, 10019-2960

Website

https://www.iff.com

International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world.

Executives

Yuvraj Arora	officer: President, Nourish	INTERNATIONAL FLOWERS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Angela Strzelecki	officer: President, Pharma Solutions	INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Fauchon De Villeplee Christophe	officer: President, Scent	INTERNATIONAL FLAVORS & FRANGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Kevin O'byrne	director	INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Dawn C Willoughby	director	1221 BROADWAY, OAKLAND CA 94612
Gaoxiang Hu	director	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Mark J Costa	director	200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Ralf Finzel	officer: EVP, Global Operations Officer	INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Beril Yildiz	officer: CAO, SVP & Controller	ONE NEW YORK PLAZA, NEW YORK NY 10004
Deborah Borg	officer: EVP, Chief HR and D&I Officer	BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Francisco Fortanet	officer: SVP, Operations	521 WEST 57TH STREET, NEW YORK NY 10019
Frank Clyburn	officer: Chief Executive Officer	2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Barry A. Bruno	director	500 CHARLES EWING BLVD, EWING NJ 08628
Glenn R Richter	officer: CFO	3333 BEVERLY ROAD, B6 277A, HOFFMAN ESTATES IL 60179
Edward D Breen	director	C/O TYCO INTERNATIONAL (US) INC, 9 WEST 57TH ST 43RD FL., NEW YORK NY 10019