MBGYY (Mercedes-Benz Group AG) Total Inventories : $32,003 Mil (As of Sep. 2024)

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What is Mercedes-Benz Group AG Total Inventories?

Mercedes-Benz Group AG's total inventories for the quarter that ended in Sep. 2024 was $32,003 Mil. Mercedes-Benz Group AG's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $31,869 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mercedes-Benz Group AG's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-30.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mercedes-Benz Group AG's Days Inventory for the three months ended in Sep. 2024 was 92.53.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mercedes-Benz Group AG's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.99.

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. Mercedes-Benz Group AG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.83.

Mercedes-Benz Group AG Total Inventories Historical Data

The historical data trend for Mercedes-Benz Group AG'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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Mercedes-Benz Group AG Total Inventories Chart

Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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32,814.44

32,012.17

24,051.98

26,968.22

29,375.14

Mercedes-Benz Group AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															31,524.01	29,375.14	31,352.17	31,735.20	32,003.33

Mercedes-Benz Group AG 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.

Mercedes-Benz Group AG (OTCPK:MBGYY) 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.

Mercedes-Benz Group AG's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(26406.215	+	0.75 * 44034.406	+	0.5 * 32003.33	-	190021.088
-	0	-	968.923)	/	3851.615
=	-30.00

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

Mercedes-Benz Group AG's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	31869.2645	/	31427.303	*	365 / 4
	=	92.53

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

Mercedes-Benz Group AG's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	31427.303	/	31869.2645
	=	0.99

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.

Mercedes-Benz Group AG's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	31869.2645	/	38321.865
	=	0.83

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.

Mercedes-Benz Group AG Total Inventories Related Terms

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Mercedes-Benz Group AG Business Description

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Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://group.mercedes-benz.com

Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 450,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its own brand alone. In 2023, 16% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 54% were core (C and E Class), and 30% entry (A and B Class). In volume terms, Asia is Mercedes' largest market at 40% of 2023 vehicle sales followed by Europe at 38% and North America at 17%.