SDZNY (Sandoz Group AG) Total Inventories : $2,883 Mil (As of Jun. 2024)

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What is Sandoz Group AG Total Inventories?

Sandoz Group AG's total inventories for the quarter that ended in Jun. 2024 was $2,883 Mil. Sandoz Group AG's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was $2,792 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sandoz Group AG's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-15.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sandoz Group AG's Days Inventory for the six months ended in Jun. 2024 was 189.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sandoz Group AG's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.96.

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. Sandoz Group AG's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.55.

Sandoz Group AG Total Inventories Historical Data

The historical data trend for Sandoz Group AG'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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Sandoz Group AG Total Inventories Chart

Sandoz Group AG Annual Data

Trend

Dec22

Dec23

Total Inventories

2,124.00

2,700.00

Sandoz Group AG Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Total Inventories	2,124.00	-	2,700.00	2,883.00

Sandoz Group AG 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.

Sandoz Group AG (OTCPK:SDZNY) 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.

Sandoz Group AG'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)
=	(701	+	0.75 * 2621	+	0.5 * 2883	-	10951
-	0	-	1)	/	438.929
=	-15.59

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

Sandoz Group AG's Days Inventory for the six 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
	=	2791.5	/	2682	*	365 / 2
	=	189.95

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

Sandoz Group AG'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 )
	=	2682	/	2791.5
	=	0.96

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.

Sandoz Group AG'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 )
	=	2791.5	/	5062
	=	0.55

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.

Sandoz Group AG Total Inventories Related Terms

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Sandoz Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sandoz Group AG (OTCPK:SDZNY) » Definitions » Total Inventories

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Traded in Other Exchanges

SDZXF:USA SDZz:UK 0SAN:UK D8Y0:Germany SDZ:Switzerland

Address

Forum 1, Novartis Campus, Basel, CHE, CH-4056

Website

https://www.sandoz.com

Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $9 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006 as well as the first US biosimilar, Zarxio, in 2015. It currently has eight commercialized biosimilars in a number of markets and has over 20 assets in its pipeline.

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