Luxottica Group SpA (Luxottica Group SpA) Total Inventories : $972 Mil (As of Jun. 2018)

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What is Luxottica Group SpA Total Inventories?

Luxottica Group SpA's total inventories for the quarter that ended in Jun. 2018 was $972 Mil. Luxottica Group SpA's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Jun. 2018 was $978 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Luxottica Group SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was $-5.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Luxottica Group SpA's Days Inventory for the six months ended in Jun. 2018 was 89.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Luxottica Group SpA's Inventory Turnover for the quarter that ended in Jun. 2018 was 2.03.

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. Luxottica Group SpA's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 0.18.

Luxottica Group SpA Total Inventories Historical Data

The historical data trend for Luxottica Group SpA'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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Luxottica Group SpA Total Inventories Chart

Luxottica Group SpA Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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957.47

898.16

907.70

942.48

984.08

Luxottica Group SpA Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Total Inventories	Get a 7-Day Free Trial															954.43	942.48	980.69	984.08	972.44

Luxottica Group SpA 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.

Luxottica Group SpA (OTCPK:LUXTY) 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.

Luxottica Group SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 is

	Net-Net Working Capital Per Share (Q: Jun. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1152.261	+	0.75 * 1312.19	+	0.5 * 972.438	-	5028.083
-	0	-	8.692)	/	479.059
=	-5.04

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

Luxottica Group SpA's Days Inventory for the six months ended in Jun. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2018 )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
	=	978.26	/	1984.505	*	365 / 2
	=	89.96

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

Luxottica Group SpA's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2018 )	/	Average Total Inventories (Q: Jun. 2018 )
	=	1984.505	/	978.26
	=	2.03

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.

Luxottica Group SpA's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2018 )	/	Revenue (Q: Jun. 2018 )
	=	978.26	/	5318.396
	=	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.

Luxottica Group SpA Total Inventories Related Terms

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Luxottica Group SpA (Luxottica Group SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luxottica Group SpA (OTCPK:LUXTY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Piazzale L. Cadorna, 3, Milan, ITA, 20123

Website

http://www.luxottica.com

Luxottica designs, manufactures, and distributes high-quality prescription eyewear, frames and sunglasses. The company markets owned brands, including Ray-Ban, Oakley, Revo, and Arnette, as well as licensed brands, including Coach, Prada, Kors, and Polo Ralph Lauren. Luxottica is North America's largest eyewear retailer, with over 4,600 stores, through its Sunglass Hut, LensCrafters, Pearle Vision, Target Optical, and Ilori brands. The company also operates retail chains in Asia, Australia, South America, and Israel, totalling over 7,000 doors.

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