Ashtead Group (LSE:AHT) Total Inventories : £123 Mil (As of Oct. 2024)

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What is Ashtead Group Total Inventories?

Ashtead Group's total inventories for the quarter that ended in Oct. 2024 was £123 Mil. Ashtead Group's average total inventories from the quarter that ended in Jul. 2024 to the quarter that ended in Oct. 2024 was £131 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ashtead Group's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was £-23.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashtead Group's Days Inventory for the three months ended in Oct. 2024 was 43.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ashtead Group's Inventory Turnover for the quarter that ended in Oct. 2024 was 2.10.

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. Ashtead Group's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.06.

Ashtead Group Total Inventories Historical Data

The historical data trend for Ashtead 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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Ashtead Group Total Inventories Chart

Ashtead Group Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Total Inventories

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84.53

73.79

130.25

145.58

129.44

Ashtead Group Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Inventories	Get a 7-Day Free Trial															148.11	151.50	129.44	138.38	122.64

Ashtead 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.

Ashtead Group (LSE:AHT) 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.

Ashtead Group's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2024 is

	Net-Net Working Capital Per Share (Q: Oct. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(18.178	+	0.75 * 1574.574	+	0.5 * 122.643	-	11360.344
-	0	-	0)	/	437.800
=	-23.07

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

Ashtead Group's Days Inventory for the three months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	130.5135	/	274.05	*	365 / 4
	=	43.46

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

Ashtead Group's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2024 )	/	Average Total Inventories (Q: Oct. 2024 )
	=	274.05	/	130.5135
	=	2.10

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.

Ashtead Group's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	130.5135	/	2255.594
	=	0.06

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.

Ashtead Group Total Inventories Related Terms

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Ashtead Group Business Description

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ASHTY:USA ASHTF:USA AHTl:UK 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the US, Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the US where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.