Dangote Cement (NSA:DCP) Total Inventories: ₦703,578 Mil (As of Mar. 2026)


NSA:DCP Dangote Cement PLC NSA:DCP
100 GF Score
Price ₦1,070.00
GF Value ₦806.03
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Dangote Cement Total Inventories?

Dangote Cement NSA:DCP 100 Total Inventories is ₦703,578 Mil as of Mar. 2026. GuruFocus rates NSA:DCP with a GF Score™ of 100/100 and a GF Value™ of ₦806.03 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Dangote Cement's total inventories for the quarter that ended in Mar. 2026 was ₦703,578 Mil. Dangote Cement's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was ₦730,207 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Dangote Cement's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was ₦-141.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dangote Cement's Days Inventory for the three months ended in Mar. 2026 was 148.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dangote Cement's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.61.

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. Dangote Cement's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.61.


Dangote Cement  (NSA:DCP) 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.

Dangote Cement's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(504827+0.75 * 51589+0.5 * 703578-3170131
-0-98001)/16752.155
=-141.64

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

Dangote Cement's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=730206.5/448732*365 / 4
=148.49

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

Dangote Cement's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=448732 / 730206.5
=0.61

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.

Dangote Cement's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=730206.5 / 1198032
=0.61

* 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.


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.


Dangote Cement Total Inventories Related Terms


Dangote Cement Total Inventories Historical Data

* Premium members only.

The historical data trend for Dangote Cement'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.

Dangote Cement Total Inventories Chart

Dangote Cement Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 167,205.00 239,563.00 394,023.00 669,662.00 756,835.00

Dangote Cement Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 671,549.00 716,287.00 769,513.00 756,835.00 703,578.00
NSA:DCP
100GF Score
Dangote Cement PLC NSA:DCP
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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Dangote Cement 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of ₦703,578 Mil mean?
Dangote Cement (NSA:DCP) has a Total Inventories of ₦703,578 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for Dangote Cement and its competitors.
Is Dangote Cement's Total Inventories too high?
Dangote Cement's current Total Inventories is ₦703,578 Mil. Overall, Dangote Cement has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dangote Cement's Total Inventories compare to CRH and VMC?
Dangote Cement's Total Inventories of ₦703,578 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Building Materials company?
A good Total Inventories depends on the Building Materials industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Dangote Cement and its competitors. Dangote Cement's current Total Inventories is ₦703,578 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Cement stock overvalued right now?
Based on GuruFocus' analysis, Dangote Cement (NSA:DCP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦806.03, compared to a current price of ₦1,070.00 — trading 32.7% above its estimated fair value. The current Total Inventories is ₦703,578 Mil. Dangote Cement's overall GF Score™ is 100/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Dangote Cement (NSA:DCP), the current Total Inventories is ₦703,578 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dangote Cement (NSA:DCP) Overvalued in 2026?

Based on GuruFocus' analysis, Dangote Cement stock appears to be overvalued. The current stock price of ₦1,070.00 is trading 32.7% above its estimated GF Value™ of ₦806.03. GuruFocus considers Dangote Cement to be Significantly Overvalued.

Key valuation signals for NSA:DCP:

  • Total Inventories: ₦703,578 Mil
  • GF Value™: ₦806.03 vs. price of ₦1,070.00 (32.7% above fair value)
  • GF Score™: 100/100 with 5 warning signs

No single metric tells the full story. See the NSA:DCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dangote Cement Business Description

Address 1, Alfred Rewane Road, P.O. Box 40032, Falomo, Ikoyi, Union Marble House, Lagos, NGA
Dangote Cement PLC is a cement manufacturer. It manufactures and markets cement and related products through its 'Dangote' brand. The principal activity of the Company and its subsidiaries is to operate plants for the preparation, manufacture and distribution of cement and related products. The Company's production activities are undertaken at Obajana town in Kogi State, Gboko in Benue State and Ibese in Ogun State; all in Nigeria. Its geographical segment includes Nigeria and Pan Africa. The company derives a majority of revenue from Nigeria segment.
100GF Score

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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦1,070.00
Price
₦806.03
GF Value