TI Fluid Systems (LSE:TIFS) Total Inventories : £326 Mil (As of Dec. 2023)

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What is TI Fluid Systems Total Inventories?

TI Fluid Systems's total inventories for the quarter that ended in Dec. 2023 was £326 Mil. TI Fluid Systems's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was £325 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. TI Fluid Systems's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-1.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TI Fluid Systems's Days Inventory for the six months ended in Dec. 2023 was 45.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. TI Fluid Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.03.

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. TI Fluid Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

TI Fluid Systems Total Inventories Historical Data

The historical data trend for TI Fluid Systems'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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TI Fluid Systems Total Inventories Chart

TI Fluid Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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311.22

318.06

282.36

323.53

325.99

TI Fluid Systems Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial											282.36	330.89	323.53	324.69	325.99

TI Fluid Systems 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.

TI Fluid Systems (LSE:TIFS) 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.

TI Fluid Systems's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(358.989	+	0.75 * 474.862	+	0.5 * 325.993	-	1747.132
-	0	-	0.517)	/	513.094
=	-1.69

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

TI Fluid Systems's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	325.3435	/	1310.78	*	365 / 2
	=	45.30

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

TI Fluid Systems's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1310.78	/	325.3435
	=	4.03

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.

TI Fluid Systems's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	325.3435	/	1505.997
	=	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.

TI Fluid Systems Total Inventories Related Terms

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TI Fluid Systems (LSE:TIFS) Business Description

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Address

4650 Kingsgate, Cascade Way, Oxford Business Park South, Oxford, Oxfordshire, GBR, OX4 2SU

Website

https://www.tifluidsystems.com

TI Fluid Systems PLC is engaged in providing automotive fluid storage, carrying, and delivery systems for the light-duty automotive market. The operating segments of the company are fluid-carrying systems and fuel tank & delivery systems. The fluid-carrying systems include brake and fuel lines and bundles, tank top lines, vacuum booster lines, quick connectors, air conditioning tubes, and hose assemblies, accumulators and receiver dryers, and thermal products and powertrain components. The fuel tank and delivery systems include fuel tanks, fuel pumps, level sensors, and additive dosing systems. Its geographical segments are Europe & Africa, Asia Pacific, North America, and Latin America.

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