IVS Group (MIL:IVS) Total Inventories : €84.4 Mil (As of Jun. 2024)

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What is IVS Group Total Inventories?

IVS Group's total inventories for the quarter that ended in Jun. 2024 was €84.4 Mil. IVS Group's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was €82.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IVS Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-6.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IVS Group's Days Inventory for the three months ended in Jun. 2024 was 88.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. IVS Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.03.

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. IVS Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.44.

IVS Group Total Inventories Historical Data

The historical data trend for IVS Group'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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IVS Group Total Inventories Chart

IVS Group Annual Data

Trend

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Total Inventories

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42.73

31.24

38.37

72.35

83.89

IVS Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Inventories	Get a 7-Day Free Trial															81.72	82.94	83.89	81.50	84.39

IVS Group 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.

IVS Group (MIL:IVS) 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.

IVS Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(145.836	+	0.75 * 69.448	+	0.5 * 84.392	-	790.208
-	0	-	22.057)	/	90.450
=	-6.33

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

IVS Group's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	82.9465	/	85.556	*	365 / 4
	=	88.47

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

IVS Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	85.556	/	82.9465
	=	1.03

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.

IVS Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	82.9465	/	188.282
	=	0.44

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.

IVS Group Total Inventories Related Terms

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IVS Group Business Description

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Address

Via dell`Artigianato, 25, Seriate, Bergamo, ITA, 24068

Website

https://www.ivsgroup.it

IVS Group SA is into vending machine business engaged in operating in four segments; Vending division which generates key revenue, and offers the sale and supply of goods, food, and beverages via automated and semiautomated vending machines, Reselling division includes sales of vending machines and food to small companies operating in the vending business, Ho.Re.Ca division comprises sales through the specific distribution channel of the hotel, and restaurant to companies selling food and beverages, and Coin division comprises management of metallic money (coins) (collection, packaging, and delivery), e-money, and payment services businesses. The company derives a majority of its revenue from Italy and the rest from France, Spain, and other regions.

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