Fincantieri SpA (MIL:FCT) Total Inventories : €495 Mil (As of Dec. 2023)

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What is Fincantieri SpA Total Inventories?

Fincantieri SpA's total inventories for the quarter that ended in Dec. 2023 was €495 Mil. Fincantieri SpA's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €497 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fincantieri SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-3.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fincantieri SpA's Days Inventory for the six months ended in Dec. 2023 was 29.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fincantieri SpA's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.23.

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. Fincantieri SpA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Fincantieri SpA Total Inventories Historical Data

The historical data trend for Fincantieri 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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Fincantieri SpA Total Inventories Chart

Fincantieri SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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360.93

382.46

438.86

497.61

494.71

Fincantieri SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															438.86	470.66	497.61	499.26	494.71

Fincantieri 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.

Fincantieri SpA (MIL:FCT) 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.

Fincantieri SpA's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(757.273	+	0.75 * 767.02	+	0.5 * 494.706	-	8275.885
-	0	-	1.041)	/	1691.59
=	-3.96

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

Fincantieri SpA's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	496.984	/	3098.254	*	365 / 2
	=	29.27

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

Fincantieri SpA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	3098.254	/	496.984
	=	6.23

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.

Fincantieri SpA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	496.984	/	3794.72
	=	0.13

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.

Fincantieri SpA Total Inventories Related Terms

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Fincantieri SpA (MIL:FCT) Business Description

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FNCNF:USA 0QWN:UK 1F8:Germany

Address

Via Genova No 1, Trieste, ITA, 34121

Website

https://www.fincantieri.com

Fincantieri SpA constructs cruise ships, ferries, naval vessels, and other ships. It has three segments: equipment, systems, and services; shipbuilding; and offshore. The company's high-technology equipment and systems for ships provide stabilization, directional control, and power generation. Moreover, product lifecycle management and training generate aftermarket sales. The offshore segment builds drillships and drilling rigs with capabilities to operate in water. The company operates in various countries spreading across four continents (Europe, North America, South America, and Asia). It is not dependent on any specific country, as Italy generates the most sales.