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Dixons Retail (LSE:DXNS) Total Inventories : £684 Mil (As of Apr. 2014)


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What is Dixons Retail Total Inventories?

Dixons Retail's total inventories for the quarter that ended in Apr. 2014 was £684 Mil. Dixons Retail's average total inventories from the quarter that ended in Oct. 2013 to the quarter that ended in Apr. 2014 was £825 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Dixons Retail's Net-Net Working Capital per share for the quarter that ended in Apr. 2014 was £-0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dixons Retail's Days Inventory for the six months ended in Apr. 2014 was 22.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dixons Retail's Inventory Turnover for the quarter that ended in Apr. 2014 was 8.10.

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. Dixons Retail's Inventory-to-Revenue for the quarter that ended in Apr. 2014 was 0.22.


Dixons Retail Total Inventories Historical Data

The historical data trend for Dixons Retail'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.

* Premium members only.

Dixons Retail Total Inventories Chart

Dixons Retail Annual Data
Trend Apr05 Apr06 Apr07 May08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 972.60 960.90 874.20 895.40 684.40

Dixons Retail Semi-Annual Data
Oct07 Oct08 Apr09 Oct09 Apr10 Oct10 Apr11 Oct11 Apr12 Oct12 Apr13 Oct13 Apr14
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 874.20 961.60 895.40 965.30 684.40

Dixons Retail 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.


Dixons Retail  (LSE:DXNS) 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.

Dixons Retail's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2014 is

Net-Net Working Capital Per Share (Q: Apr. 2014 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(408.7+0.75 * 149.1+0.5 * 684.4-2501.1
-0-0.6)/3660.100
=-0.45

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

Dixons Retail's Days Inventory for the six months ended in Apr. 2014 is calculated as:

Days Inventory=Average Total Inventories (Q: Apr. 2014 )/Cost of Goods Sold (Q: Apr. 2014 )*Days in Period
=824.85/6678.3*365 / 2
=22.54

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

Dixons Retail's Inventory Turnover for the quarter that ended in Apr. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Apr. 2014 ) / Average Total Inventories (Q: Apr. 2014 )
=6678.3 / 824.85
=8.10

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.

Dixons Retail's Inventory to Revenue for the quarter that ended in Apr. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2014 ) / Revenue (Q: Apr. 2014 )
=824.85 / 3786.3
=0.22

* 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.


Dixons Retail Total Inventories Related Terms

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Dixons Retail (LSE:DXNS) Business Description

Traded in Other Exchanges
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Address
Dixons Retail PLC is an electrical retailer and service company which sell consumer electronics, personal computers, domestic appliances, photographic equipment, communication products and related services. The Group's reportable segments are; UK & Ireland comprises of electrical and computing retail chains as well as business to business activities. The division is engaged in multi-channel retail sales, associated peripherals and services and related financial and after sales services and also in business to business sales of computer hardware and software; Nordics operates in Norway, Sweden, Finland, Denmark, Iceland, Greenland and the Faroe Islands. The division engages in multi-channel retail sales and provided related product support services to its customers; Other International comprises operations in Italy, Greece, the Czech Republic, Slovakia, Turkey and the business to be closed in Spain which is excluded from underlying results. The Other International division engages in retail sales and provides related product support services to its customers in all of its markets; and Pure play e-commerce comprises pure play online retailers and operates in all of the countries in which the other divisions operate and across Europe.

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