Kansas City Southern (LTS:0JQ4) Total Inventories : $129 Mil (As of Sep. 2021)

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What is Kansas City Southern Total Inventories?

Kansas City Southern's total inventories for the quarter that ended in Sep. 2021 was $129 Mil. Kansas City Southern's average total inventories from the quarter that ended in Jun. 2021 to the quarter that ended in Sep. 2021 was $132 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kansas City Southern's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $-64.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kansas City Southern's Days Inventory for the three months ended in Sep. 2021 was 26.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kansas City Southern's Inventory Turnover for the quarter that ended in Sep. 2021 was 3.45.

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. Kansas City Southern's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.18.

Kansas City Southern Total Inventories Historical Data

The historical data trend for Kansas City Southern'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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Kansas City Southern Total Inventories Chart

Kansas City Southern Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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152.60

150.80

160.30

150.60

127.20

Kansas City Southern Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Total Inventories	Get a 7-Day Free Trial															127.90	127.20	131.60	135.30	128.70

Kansas City Southern 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.

Kansas City Southern (LTS:0JQ4) 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.

Kansas City Southern's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 is

	Net-Net Working Capital Per Share (Q: Sep. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(470	+	0.75 * 267.3	+	0.5 * 128.7	-	6310
-	5.4	-	327.6)	/	90.9763
=	-64.94

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

Kansas City Southern's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2021 )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
	=	132	/	455.6	*	365 / 4
	=	26.44

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

Kansas City Southern's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2021 )	/	Average Total Inventories (Q: Sep. 2021 )
	=	455.6	/	132
	=	3.45

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.

Kansas City Southern's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	132	/	744
	=	0.18

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.

Kansas City Southern Total Inventories Related Terms

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Kansas City Southern (LTS:0JQ4) Business Description

Industry

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Address

427 West 12th Street, Kansas City, MO, USA, 64105

Website

https://www.kcsouthern.com

Kansas City Southern, the smallest Class I railroad, derives about half of its $2.6 billion revenue on 3,400 miles of track in the Central and Southern United States. Remaining sales are produced by operating concessions on 3,300 miles of rail in Mexico and 47 miles of track adjacent to the Panama Canal. KCS' freight includes industrial and forest products (around 21% of total revenue), chemicals and petroleum (26%), agriculture and minerals (18%), intermodal (13%), energy (9%), and autos (9%); other revenue stems from switching, demurrage, and the like.

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