Andeavor (Andeavor) Total Inventories : $3,653 Mil (As of Jun. 2018)

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What is Andeavor Total Inventories?

Andeavor's total inventories for the quarter that ended in Jun. 2018 was $3,653 Mil. Andeavor's average total inventories from the quarter that ended in Mar. 2018 to the quarter that ended in Jun. 2018 was $3,569 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Andeavor's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was $-104.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Andeavor's Days Inventory for the three months ended in Jun. 2018 was 31.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Andeavor's Inventory Turnover for the quarter that ended in Jun. 2018 was 2.87.

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. Andeavor's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 0.29.

Andeavor Total Inventories Historical Data

The historical data trend for Andeavor'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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Andeavor Total Inventories Chart

Andeavor Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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2,565.00

2,439.00

2,302.00

2,640.00

3,630.00

Andeavor Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Total Inventories	Get a 7-Day Free Trial															3,075.00	3,791.00	3,630.00	3,484.00	3,653.00

Andeavor 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.

Andeavor (NYSE:ANDV) 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.

Andeavor'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)
=	(388	+	0.75 * 2623	+	0.5 * 3653	-	16507
-	0	-	3499)	/	151.121
=	-104.71

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

Andeavor's Days Inventory for the three 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
	=	3568.5	/	10235	*	365 / 4
	=	31.81

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

Andeavor'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 )
	=	10235	/	3568.5
	=	2.87

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.

Andeavor'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 )
	=	3568.5	/	12472
	=	0.29

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.

Andeavor Total Inventories Related Terms

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Andeavor (Andeavor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Andeavor (NYSE:ANDV) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.andeavor.com

Andeavor is engaged in the refining and retail marketing of refined petroleum products. The company operates 10 refineries with a total crude oil capacity of 1.2 million barrels per day after the acquisition of Western Refining in 2017. Andeavor also operates 3,200 retail fuel outlets in the Midwest and western United States. It holds a 59% interest in Andeavor Logistics Partners.

Executives

Susan Tomasky	director	AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
William H Schumann	director	200 E RANDOLPH DRIVE, CHICAGO IL 60601
Patrick Y Yang	director	C/O GENENTECH INC, 1 DNA WAY,MS 49,ATTN:K.STRAND OR J.BERRY, SOUTH SAN FRANCISCO CA 94080-4990
Cynthia J Warner	officer: EVP, Operations	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Gregory James Goff	director, officer: President and CEO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Steven Sterin	officer: EVP and CFO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Rucker Kim K.w.	officer: EVP, General Counsel and Sec	KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Edward G Galante	director	C/O EXXON MOBIL CORP, 5959 LAS COLINAS BLVD, IRVING TX 75039-2298
Mary Pat Mccarthy	director	2704 WEST 112TH STREET, LEAWOOD KS 66211
Rodney F Chase	director	C/O COMPUTER SCIENCES CORP, 2100 E. GRAND AVE, EL SEGUNDO CA 90245
David Lilley	director
Jim W Nokes	director	600 N DAIRY ASHFORD, HOUSTON TX 77079
Michael E Wiley	director	10930 KEMWOOD DRIVE HOUSTON TX 77024
Robert W Goldman	director	1001 LOUISIANA ST, HOUSTON TX 77002
Daryl R Schofield	officer: SVP, Commercial	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259