Reckitt Benckiser Group (LSE:RKT) Total Inventories : £1,581 Mil (As of Jun. 2024)

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What is Reckitt Benckiser Group Total Inventories?

Reckitt Benckiser Group's total inventories for the quarter that ended in Jun. 2024 was £1,581 Mil. Reckitt Benckiser Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was £1,609 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Reckitt Benckiser Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was £-21.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Reckitt Benckiser Group's Days Inventory for the six months ended in Jun. 2024 was 103.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Reckitt Benckiser Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.76.

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. Reckitt Benckiser Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.22.

Reckitt Benckiser Group Total Inventories Historical Data

The historical data trend for Reckitt Benckiser 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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Reckitt Benckiser Group Total Inventories Chart

Reckitt Benckiser Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,314.00

1,592.00

1,459.00

1,825.00

1,637.00

Reckitt Benckiser 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															1,799.00	1,825.00	1,659.00	1,637.00	1,581.00

Reckitt Benckiser 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.

Reckitt Benckiser Group (LSE:RKT) 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.

Reckitt Benckiser 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)
=	(986	+	0.75 * 2182	+	0.5 * 1581	-	18317
-	0	-	23)	/	698.427
=	-21.37

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

Reckitt Benckiser 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
	=	1609	/	2826	*	365 / 2
	=	103.91

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

Reckitt Benckiser 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 )
	=	2826	/	1609
	=	1.76

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.

Reckitt Benckiser 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 )
	=	1609	/	7167
	=	0.22

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.

Reckitt Benckiser Group Total Inventories Related Terms

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Reckitt Benckiser Group Business Description

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Address

103-105 Bath Road, Slough, Berkshire, GBR, SL1 3UH

Website

https://www.reckitt.com

Reckitt Benckiser was formed in 1999 through the merger of the British firm Reckitt & Colman and Dutch-based Benckiser. Recently rebranded under the corporate name Reckitt, it sells a portfolio that includes a variety of household and consumer health brands, such as Lysol, Finish, Durex, and Mucinex, many of which hold the number-one or -two positions in their categories globally. Reckitt has repositioned its portfolio and has entered the infant formula market through the acquisition of Mead Johnson in 2017, expanded its consumer health presence by acquiring Schiff Nutrition, K-Y, and Biofreeze, and has exited the food industry. The firm operates in 60 countries and sells products in more than 200, generating around 35% of sales from emerging markets.