Honeywell Flour Mills (NSA:HFM) Total Inventories : ₦32,056 Mil (As of Mar. 2023)

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What is Honeywell Flour Mills Total Inventories?

Honeywell Flour Mills's total inventories for the quarter that ended in Mar. 2023 was ₦32,056 Mil. Honeywell Flour Mills's average total inventories from the quarter that ended in Mar. 2022 to the quarter that ended in Mar. 2023 was ₦31,891 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Honeywell Flour Mills's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₦-13.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Honeywell Flour Mills's Days Inventory for the six months ended in Mar. 2023 was 42.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. Honeywell Flour Mills's Inventory Turnover for the quarter that ended in Mar. 2023 was 4.32.

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. Honeywell Flour Mills's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.22.

Honeywell Flour Mills Total Inventories Historical Data

The historical data trend for Honeywell Flour Mills'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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Honeywell Flour Mills Total Inventories Chart

Honeywell Flour Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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14,103.29

17,525.89

19,780.17

31,725.81

32,056.41

Honeywell Flour Mills Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Total Inventories	Get a 7-Day Free Trial									14,103.29	17,525.89	19,780.17	31,725.81	32,056.41

Honeywell Flour Mills 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.

Honeywell Flour Mills (NSA:HFM) 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.

Honeywell Flour Mills's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(8041.162	+	0.75 * 1150.403	+	0.5 * 32056.412	-	132023.688
-	0	-	0)	/	7930.2
=	-13.50

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

Honeywell Flour Mills's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	31891.1085	/	137822.539	*	365 / 2
	=	42.23

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

Honeywell Flour Mills's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	137822.539	/	31891.1085
	=	4.32

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.

Honeywell Flour Mills's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	31891.1085	/	147350.739
	=	0.22

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.

Honeywell Flour Mills Total Inventories Related Terms

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Honeywell Flour Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Honeywell Flour Mills PLC (NSA:HFM) » Definitions » Total Inventories

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Address

2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA

Website

https://www.honeywellflour.com

Honeywell Flour Mills PLC is a Nigeria-based company. It is engaged in the manufacturing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. The company operates its business through geographical segments that are Ikeja, which manufacture noodles; Sagamu segment manufactures Pasta and Apapa, which manufactures flour, semolina, wheat meal, brown flour and Baker's delight flour. The Apapa generates maximum revenue for the company. The company offers its services throughout Nigeria region.

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