Picanol NV (LTS:0FM2) Total Inventories : €581 Mil (As of Jun. 2022)

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What is Picanol NV Total Inventories?

Picanol NV's total inventories for the quarter that ended in Jun. 2022 was €581 Mil. Picanol NV's average total inventories from the quarter that ended in Dec. 2021 to the quarter that ended in Jun. 2022 was €534 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Picanol NV's Net-Net Working Capital per share for the quarter that ended in Jun. 2022 was €-58.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Picanol NV's Days Inventory for the six months ended in Jun. 2022 was 73.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Picanol NV's Inventory Turnover for the quarter that ended in Jun. 2022 was 2.47.

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. Picanol NV's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.31.

Picanol NV Total Inventories Historical Data

The historical data trend for Picanol NV'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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Picanol NV Total Inventories Chart

Picanol NV Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Inventories

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63.61

398.10

380.20

393.60

486.20

Picanol NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Total Inventories	Get a 7-Day Free Trial															352.90	393.60	378.30	486.20	580.90

Picanol NV 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.

Picanol NV (LTS:0FM2) 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.

Picanol NV's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2022 is

	Net-Net Working Capital Per Share (Q: Jun. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(376.9	+	0.75 * 562.1	+	0.5 * 580.9	-	1348.2
-	0	-	795.2)	/	17.9318
=	-58.80

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

Picanol NV's Days Inventory for the six months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	533.55	/	1317	*	365 / 2
	=	73.94

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

Picanol NV's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2022 )	/	Average Total Inventories (Q: Jun. 2022 )
	=	1317	/	533.55
	=	2.47

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.

Picanol NV's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	533.55	/	1707.3
	=	0.31

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.

Picanol NV Total Inventories Related Terms

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Picanol NV (LTS:0FM2) Business Description

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Address

Steverlyncklaan 15, Ieper, BEL, 8900

Website

http://www.picanolgroup.com

Picanol NV is a Belgium-based company that develops, manufactures, and distributes weaving machines, engineered casting solutions, and customized controllers. The company, through Weaving Machines (Picanol), supplies weaving machines to global weaving mills, as well as related services. Picanol also markets accessories via GTP Global Textile Partner. Also, the Picanol Group is involved in other business activities including foundry activities and mechanic finishing activities. The group's operating segment comprises Machines & Technologies; Agro; Bio-valorization; Industrial Solutions; and T-Power.

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